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REGISTERED NUMBER: 05154076 (England and Wales)















ASHTON SMITH ASSOCIATES LIMITED

Unaudited Financial Statements

for the Year Ended 30 June 2024






ASHTON SMITH ASSOCIATES LIMITED (Registered number: 05154076)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ASHTON SMITH ASSOCIATES LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTOR: M D Ashton





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





REGISTERED NUMBER: 05154076 (England and Wales)





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

ASHTON SMITH ASSOCIATES LIMITED (Registered number: 05154076)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 310,723 345,335
Investments 5 675,956 544,831
986,679 890,166

CURRENT ASSETS
Stocks 41,850 41,850
Debtors 6 2,828,706 3,227,157
Cash at bank and in hand 6,919,177 5,545,325
9,789,733 8,814,332
CREDITORS
Amounts falling due within one year 7 2,323,344 1,798,914
NET CURRENT ASSETS 7,466,389 7,015,418
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,453,068

7,905,584

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 8,452,568 7,905,084
SHAREHOLDERS' FUNDS 8,453,068 7,905,584

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 13 August 2024 and were signed by:




M D Ashton - Director


ASHTON SMITH ASSOCIATES LIMITED (Registered number: 05154076)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

ASHTON SMITH 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.

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 the invoiced value of work performed during the year with respect to services supplied, exclusive of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

ASHTON SMITH ASSOCIATES LIMITED (Registered number: 05154076)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2023 - 33 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2023 718,091
Additions 20,222
At 30 June 2024 738,313
DEPRECIATION
At 1 July 2023 372,756
Charge for year 54,834
At 30 June 2024 427,590
NET BOOK VALUE
At 30 June 2024 310,723
At 30 June 2023 345,335

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
30.6.24 30.6.23
£    £   
Assets held for investment 675,956 544,831

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 2,454,790 2,615,886
Amounts owed by associates 109,811 416,342
Other debtors 264,105 194,929
2,828,706 3,227,157

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade & other creditors 1,828,486 1,250,658
Taxation 494,858 548,256
2,323,344 1,798,914