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REGISTERED NUMBER: OC343176 (England and Wales)















ASHTON SMITH LLP

Unaudited Financial Statements

for the Period 1 March 2023 to 31 March 2024






ASHTON SMITH LLP (Registered number: OC343176)






Contents of the Financial Statements
for the Period 1 March 2023 to 31 March 2024




Page

General Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASHTON SMITH LLP

General Information
for the Period 1 March 2023 to 31 March 2024







DESIGNATED MEMBERS: M D Ashton
D T F Smith
MAX BOX LIMITED





REGISTERED OFFICE: Belvedere House
2 Victoria Avenue
Harrogate
North Yorkshire
HG1 1EL





REGISTERED NUMBER: OC343176 (England and Wales)





ACCOUNTANTS: Maclean & Company
1 Park View Court
St Paul's Road
Shipley
West Yorkshire
BD18 3DZ

ASHTON SMITH LLP (Registered number: OC343176)

Balance Sheet
31 March 2024

31.3.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 191,269 197,561
Investments 5 261,580 261,580
452,849 459,141

CURRENT ASSETS
Debtors 6 296,640 227,397
Cash at bank 97,794 511,226
394,434 738,623
CREDITORS
Amounts falling due within one year 7 26,264 369,691
NET CURRENT ASSETS 368,170 368,932
TOTAL ASSETS LESS CURRENT
LIABILITIES

821,019

828,073

CREDITORS
Amounts falling due after more than one
year

8

250,941

257,548
NET ASSETS ATTRIBUTABLE TO
MEMBERS

570,078

570,525

ASHTON SMITH LLP (Registered number: OC343176)

Balance Sheet - continued
31 March 2024

31.3.24 28.2.23
Notes £    £    £    £   
LOANS AND OTHER DEBTS DUE TO
MEMBERS

569,778

570,225

MEMBERS' OTHER INTERESTS
Capital accounts 300 300
570,078 570,525

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 569,778 570,225
Members' other interests 300 300
570,078 570,525

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 31 March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

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

In accordance with Section 444 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008, the Income Statement has not been delivered.

The financial statements were approved by the members of the LLP and authorised for issue on 13 August 2024 and were signed by:





M D Ashton - Designated member

ASHTON SMITH LLP (Registered number: OC343176)

Notes to the Financial Statements
for the Period 1 March 2023 to 31 March 2024

1. STATUTORY INFORMATION

ASHTON SMITH LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance

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.

3. EMPLOYEE INFORMATION

The average number of employees during the period was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 March 2023 235,689
Additions 174,771
Disposals (160,441 )
At 31 March 2024 250,019
DEPRECIATION
At 1 March 2023 38,128
Charge for period 59,339
Eliminated on disposal (38,717 )
At 31 March 2024 58,750
NET BOOK VALUE
At 31 March 2024 191,269
At 28 February 2023 197,561

ASHTON SMITH LLP (Registered number: OC343176)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 March 2023 160,441
Additions 174,771
Disposals (160,441 )
At 31 March 2024 174,771
DEPRECIATION
At 1 March 2023 33,425
Charge for period 41,703
Eliminated on disposal (38,717 )
At 31 March 2024 36,411
NET BOOK VALUE
At 31 March 2024 138,360
At 28 February 2023 127,016

5. FIXED ASSET INVESTMENTS

31.3.24 28.2.23
£    £   
Participating interests 38 38
Loans to undertakings in which the LLP has a
participating interest

81,042

81,042
Other investments not loans 180,500 180,500
261,580 261,580

Additional information is as follows:
Interest
in other
participating
interests
£   
COST
At 1 March 2023
and 31 March 2024 38
NET BOOK VALUE
At 31 March 2024 38
At 28 February 2023 38

Investments (neither listed nor unlisted) were as follows:
31.3.24 28.2.23
£    £   
Assets held for investment 180,500 180,500

ASHTON SMITH LLP (Registered number: OC343176)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 31 March 2024

5. FIXED ASSET INVESTMENTS - continued
Loans to
associates
£   
At 1 March 2023
and 31 March 2024 81,042

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 28.2.23
£    £   
Trade debtors 179,640 206,784
Amounts owed by associates 116,473 16,056
Other debtors 527 4,557
296,640 227,397

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 28.2.23
£    £   
Hire purchase contracts 22,941 32,303
Trade creditors 824 60,135
Amounts owed to associates - 274,863
Other creditors 2,499 2,390
26,264 369,691

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 28.2.23
£    £   
Hire purchase contracts 49,707 56,314
Other creditors 201,234 201,234
250,941 257,548