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REGISTERED NUMBER: 02903417 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Ashton Maund Associates Limited

Ashton Maund Associates Limited (Registered number: 02903417)






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

Chartered Accountants' Report 6

Ashton Maund Associates Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: J Allport
R D Millar





REGISTERED OFFICE: Suite 1, First Floor
Coachworks Arcade
Northgate Street
Chester
Cheshire
CH1 2EY





REGISTERED NUMBER: 02903417 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
Suite 1, First Floor
Coachworks Arcade
Northgate Street
Chester
Cheshire
CH1 2EY

Ashton Maund Associates Limited (Registered number: 02903417)

Balance Sheet
31 March 2024

2024 2023
Notes £ £
FIXED ASSETS
Intangible assets 4 17,100 25,650
Tangible assets 5 13,702 17,859
30,802 43,509

CURRENT ASSETS
Debtors 6 1,174,815 889,097
Cash at bank 331,896 485,641
1,506,711 1,374,738
CREDITORS
Amounts falling due within one year 7 (945,787 ) (870,758 )
NET CURRENT ASSETS 560,924 503,980
TOTAL ASSETS LESS CURRENT LIABILITIES 591,726 547,489

PROVISIONS FOR LIABILITIES (7,701 ) (9,295 )
NET ASSETS 584,025 538,194

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 584,023 538,192
584,025 538,194

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 1 August 2024 and were signed on its behalf by:





R D Millar - Director


Ashton Maund Associates Limited (Registered number: 02903417)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost

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.

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 15 (2023 - 15 ) .

Ashton Maund Associates Limited (Registered number: 02903417)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£
COST
At 1 April 2023
and 31 March 2024 42,750
AMORTISATION
At 1 April 2023 17,100
Charge for year 8,550
At 31 March 2024 25,650
NET BOOK VALUE
At 31 March 2024 17,100
At 31 March 2023 25,650

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£
COST
At 1 April 2023 38,815
Additions 2,356
At 31 March 2024 41,171
DEPRECIATION
At 1 April 2023 20,956
Charge for year 6,513
At 31 March 2024 27,469
NET BOOK VALUE
At 31 March 2024 13,702
At 31 March 2023 17,859

Mr & Mrs Maund, the exiting shareholders, have a fixed and floating charge over the assets.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 272,128 174,175
Other debtors 902,687 714,922
1,174,815 889,097

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 275,796 282,980
Taxation and social security 89,685 64,365
Other creditors 580,306 523,413
945,787 870,758

Ashton Maund Associates Limited (Registered number: 02903417)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

8. RELATED PARTY DISCLOSURES

Included in other debtors is £619,101 (2023 £477,207) due from Capacity Marketing Ltd. No interest is chargeable on this balance and it is repayable on demand.

Dividends of £200,000 (2023 £200,000) were paid to Capacity Marketing Ltd in the year.

9. PARENT COMPANY

The company is a 100% subsidiary of Capacity Marketing Ltd. The registered office of the parent is the same as Ashton Maund Associates Limited which can be found on the company information page.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Ashton Maund Associates Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ashton Maund Associates Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ashton Maund Associates Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ashton Maund Associates Limited and state those matters that we have agreed to state to the Board of Directors of Ashton Maund Associates Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ashton Maund Associates Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ashton Maund Associates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ashton Maund Associates Limited. You consider that Ashton Maund Associates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ashton Maund Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bennett Brooks & Co Ltd
Chartered Accountants
Suite 1, First Floor
Coachworks Arcade
Northgate Street
Chester
Cheshire
CH1 2EY


1 August 2024