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REGISTERED NUMBER: 02554669 (England and Wales)
















ASHWYK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






ASHWYK LIMITED (REGISTERED NUMBER: 02554669)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ASHWYK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: V.C. De Wykerslooth
Mrs K.J. De Rooyesteyn
J. De Wykerslooth





SECRETARIES: Mrs K.J. De Rooyesteyn
Mrs S.L. De Wykerslooth





REGISTERED OFFICE: 21 Lodge Lane
Grays
Essex
RM17 5RY





REGISTERED NUMBER: 02554669 (England and Wales)





ACCOUNTANTS: CR Bland Baker Limited
Chartered Accountants
21 Lodge Lane
Grays
Essex
RM17 5RY

ASHWYK LIMITED (REGISTERED NUMBER: 02554669)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,119 88,477

CURRENT ASSETS
Stocks 3,275 3,700
Debtors 5 74,701 60,451
Cash at bank and in hand 152,392 107,909
230,368 172,060
CREDITORS
Amounts falling due within one year 6 89,749 68,091
NET CURRENT ASSETS 140,619 103,969
TOTAL ASSETS LESS CURRENT
LIABILITIES

171,738

192,446

CREDITORS
Amounts falling due after more than one
year

7

(14,004

)

(22,003

)

PROVISIONS FOR LIABILITIES (6,000 ) (16,800 )
NET ASSETS 151,734 153,643

CAPITAL AND RESERVES
Called up share capital 58,688 58,688
Capital redemption reserve 24,712 24,712
Retained earnings 68,334 70,243
SHAREHOLDERS' FUNDS 151,734 153,643

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ASHWYK LIMITED (REGISTERED NUMBER: 02554669)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 July 2024 and were signed on its behalf by:





J. De Wykerslooth - Director


ASHWYK LIMITED (REGISTERED NUMBER: 02554669)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Ashwyk Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net invoiced sale of services, excluding value added tax and trade discounts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 5% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

The estimated useful lives, residual values and depreciation method are reviewed at each year end, with the effect of any changes in estimate accounted for on a prospective basis.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.


ASHWYK LIMITED (REGISTERED NUMBER: 02554669)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

ASHWYK LIMITED (REGISTERED NUMBER: 02554669)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 323,163 21,189 22,508 366,860
Additions 13,579 954 1,615 16,148
Disposals (215,000 ) - - (215,000 )
At 31 December 2023 121,742 22,143 24,123 168,008
DEPRECIATION
At 1 January 2023 236,824 20,976 20,583 278,383
Charge for year 13,458 221 775 14,454
Eliminated on disposal (155,948 ) - - (155,948 )
At 31 December 2023 94,334 21,197 21,358 136,889
NET BOOK VALUE
At 31 December 2023 27,408 946 2,765 31,119
At 31 December 2022 86,339 213 1,925 88,477

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 70,817 55,873
Other debtors 3,250 3,272
Prepayments 634 1,306
74,701 60,451

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 8,000 8,000
Trade creditors 51,677 44,884
Tax 14,100 4,500
Social security and other taxes 5,358 4,372
VAT 6,009 1,683
Directors' current accounts 116 -
Accruals 4,489 4,652
89,749 68,091

ASHWYK LIMITED (REGISTERED NUMBER: 02554669)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 8,000 8,000
Bank loans - 2-5 years 6,004 14,003
14,004 22,003

The bank loan shown within creditors is guaranteed by the government under the Bounce Back Loan Scheme.