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REGISTERED NUMBER: SC318142 (Scotland)
















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Ashrona Power Systems Limited

Ashrona Power Systems Limited (Registered number: SC318142)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ashrona Power Systems Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Miss A C Brown
A J H Brown





REGISTERED OFFICE: 11A Bowfield Road
West Kilbride
Ayrshire
KA23 9LB





REGISTERED NUMBER: SC318142 (Scotland)





ACCOUNTANTS: McLay McAlister & McGibbon LLP
Chartered Accountants
145 St Vincent Street
Glasgow
G2 5JF

Ashrona Power Systems Limited (Registered number: SC318142)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 635,471 778,435

CURRENT ASSETS
Debtors 5 901,307 826,451
Cash at bank 1,603,052 704,341
2,504,359 1,530,792
CREDITORS
Amounts falling due within one year 6 (1,410,899 ) (1,312,409 )
NET CURRENT ASSETS 1,093,460 218,383
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,728,931

996,818

PROVISIONS FOR LIABILITIES (102,000 ) (127,000 )
NET ASSETS 1,626,931 869,818

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,626,831 869,718
1,626,931 869,818

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2024 and were signed on its behalf by:



A J H Brown - Director


Ashrona Power Systems Limited (Registered number: SC318142)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Ashrona Power Systems Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 20% on reducing balance

The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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
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 1 (2023 - 1 ) .

Ashrona Power Systems Limited (Registered number: SC318142)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 2,313,483
Additions 11,204
At 31 March 2024 2,324,687
DEPRECIATION
At 1 April 2023 1,535,048
Charge for year 154,168
At 31 March 2024 1,689,216
NET BOOK VALUE
At 31 March 2024 635,471
At 31 March 2023 778,435

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 213,823
Other debtors 901,307 612,628
901,307 826,451

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors - 3,011
Taxation and social security 320,441 224,592
Other creditors 1,090,458 1,084,806
1,410,899 1,312,409

7. OTHER FINANCIAL COMMITMENTS

The company has granted a floating charge over all of it's assets in relation to its bank borrowings.