Acorah Software Products - Accounts Production 14.6.300 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 04870913 Mr Viswanathan Srikrishna Mr Johnny Srikrishna Mrs Shantini Srikrishna iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04870913 2022-10-31 04870913 2023-10-31 04870913 2022-11-01 2023-10-31 04870913 frs-core:CurrentFinancialInstruments 2023-10-31 04870913 frs-core:Non-currentFinancialInstruments 2023-10-31 04870913 frs-core:FurnitureFittings 2023-10-31 04870913 frs-core:FurnitureFittings 2022-11-01 2023-10-31 04870913 frs-core:FurnitureFittings 2022-10-31 04870913 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-10-31 04870913 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-11-01 2023-10-31 04870913 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2022-10-31 04870913 frs-core:ShareCapital 2023-10-31 04870913 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 04870913 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 04870913 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 04870913 frs-bus:SmallEntities 2022-11-01 2023-10-31 04870913 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 04870913 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 04870913 frs-bus:Director1 2022-11-01 2023-10-31 04870913 frs-bus:Director2 2022-11-01 2023-10-31 04870913 frs-bus:Director3 2022-11-01 2023-10-31 04870913 frs-core:Non-currentFinancialInstruments 1 2023-10-31 04870913 frs-core:CurrentFinancialInstruments 2 2023-10-31 04870913 frs-core:CurrentFinancialInstruments 4 2023-10-31 04870913 frs-core:CurrentFinancialInstruments 5 2023-10-31 04870913 frs-countries:EnglandWales 2022-11-01 2023-10-31 04870913 2021-10-31 04870913 2022-10-31 04870913 2021-11-01 2022-10-31 04870913 frs-core:CurrentFinancialInstruments 2022-10-31 04870913 frs-core:Non-currentFinancialInstruments 2022-10-31 04870913 frs-core:WithinOneYear 2022-10-31 04870913 frs-core:ShareCapital 2022-10-31 04870913 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 04870913 frs-core:CurrentFinancialInstruments 1 2022-10-31 04870913 frs-core:Non-currentFinancialInstruments 1 2022-10-31 04870913 frs-core:CurrentFinancialInstruments 2 2022-10-31 04870913 frs-core:CurrentFinancialInstruments 4 2022-10-31 04870913 frs-core:CurrentFinancialInstruments 5 2022-10-31
Registered number: 04870913
Ashdene Service Stations Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Accountancy Group Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04870913
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,116,148 1,033,678
1,116,148 1,033,678
CURRENT ASSETS
Stocks 5 75,854 89,860
Debtors 6 2,713,600 2,616,672
Cash at bank and in hand 1,376,961 717,084
4,166,415 3,423,616
Creditors: Amounts Falling Due Within One Year 7 (2,728,525 ) (2,408,718 )
NET CURRENT ASSETS (LIABILITIES) 1,437,890 1,014,898
TOTAL ASSETS LESS CURRENT LIABILITIES 2,554,038 2,048,576
Creditors: Amounts Falling Due After More Than One Year 8 (630,888 ) (669,842 )
NET ASSETS 1,923,150 1,378,734
CAPITAL AND RESERVES
Called up share capital 10 1 1
Profit and Loss Account 1,923,149 1,378,733
SHAREHOLDERS' FUNDS 1,923,150 1,378,734
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For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Viswanathan Srikrishna
Director
01/07/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Ashdene Service Stations Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04870913 . The registered office is Svs House, Oliver Grove, London, SE25 6EJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold 10% on a straightline basis
Fixtures & Fittings 20% reducing balance basis
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 23 (2022: 22)
23 22
4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 November 2022 320,947 2,271,925 2,592,872
Additions - 373,817 373,817
As at 31 October 2023 320,947 2,645,742 2,966,689
Depreciation
As at 1 November 2022 209,717 1,349,477 1,559,194
Provided during the period 32,094 259,253 291,347
As at 31 October 2023 241,811 1,608,730 1,850,541
Net Book Value
As at 31 October 2023 79,136 1,037,012 1,116,148
As at 1 November 2022 111,230 922,448 1,033,678
5. Stocks
2023 2022
£ £
Stock 75,854 89,860
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6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 103,630 64,912
Prepayments and accrued income 19,970 11,760
123,600 76,672
Due after more than one year
SJS Garage Ltd 2,590,000 2,290,000
Amounts owed by group undertakings - 250,000
2,590,000 2,540,000
2,713,600 2,616,672
7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts - 2,876
Trade creditors 1,555,413 1,311,798
Bank loans and overdrafts 131,010 131,010
Corporation tax 204,466 88,696
Other taxes and social security 4,454 3,945
VAT 50,101 44,287
Other creditors 21,968 17,816
Pension payable - 6,051
Regal Garages Ltd 4,200 4,200
SJS Properties Ltd 2,375 2,375
Ashdene Service Station South Ltd 754,538 795,664
2,728,525 2,408,718
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 630,888 669,842
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year - 2,876
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
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