Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.122023-05-01falseNo description of principal activity15falsetruefalse 02393218 2023-05-01 2024-04-30 02393218 2024-04-30 02393218 2022-05-01 2023-04-30 02393218 2023-04-30 02393218 c:CompanySecretary1 2023-05-01 2024-04-30 02393218 c:Director1 2023-05-01 2024-04-30 02393218 c:Director2 2023-05-01 2024-04-30 02393218 c:RegisteredOffice 2023-05-01 2024-04-30 02393218 c:Agent1 2023-05-01 2024-04-30 02393218 d:Buildings 2023-05-01 2024-04-30 02393218 d:Buildings 2024-04-30 02393218 d:Buildings 2023-04-30 02393218 d:Buildings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02393218 d:PlantMachinery 2023-05-01 2024-04-30 02393218 d:MotorVehicles 2023-05-01 2024-04-30 02393218 d:FurnitureFittings 2023-05-01 2024-04-30 02393218 d:OfficeEquipment 2023-05-01 2024-04-30 02393218 d:OtherPropertyPlantEquipment 2024-04-30 02393218 d:OtherPropertyPlantEquipment 2023-04-30 02393218 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02393218 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02393218 d:CurrentFinancialInstruments 2024-04-30 02393218 d:CurrentFinancialInstruments 2023-04-30 02393218 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 02393218 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 02393218 d:ShareCapital 2024-04-30 02393218 d:ShareCapital 2023-04-30 02393218 d:RetainedEarningsAccumulatedLosses 2024-04-30 02393218 d:RetainedEarningsAccumulatedLosses 2023-04-30 02393218 c:FRS102 2023-05-01 2024-04-30 02393218 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 02393218 c:FullAccounts 2023-05-01 2024-04-30 02393218 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02393218 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure
Company registration number: 02393218







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 APRIL 2024


A.S. ASHCROFT LIMITED






































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A.S. ASHCROFT LIMITED
 


 
COMPANY INFORMATION


Directors
M. Perrin 
N. Perrin 




Company secretary
R.A. Perrin



Registered number
02393218



Registered office
64 Cottimore Lane

Walton-on-Thames

Surrey

KT12 2BP




Accountants
Menzies LLP
Chartered Accountants

Victoria House

50-58 Victoria Road

Farnborough

Hampshire

GU14 7PG




Bankers
Barclays Bank plc
Walnut Tree Close

Guildford

Surrey

KT22 8DY





 


A.S. ASHCROFT LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6


 


A.S. ASHCROFT LIMITED
REGISTERED NUMBER:02393218



STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
151,608
161,864

  
151,608
161,864

Current assets
  

Stocks
  
3,121,202
2,212,294

Debtors: amounts falling due within one year
 5 
420,158
328,555

Cash at bank and in hand
  
10,777,814
11,575,185

  
14,319,174
14,116,034

Creditors: amounts falling due within one year
 6 
(771,505)
(818,049)

Net current assets
  
 
 
13,547,669
 
 
13,297,985

Total assets less current liabilities
  
13,699,277
13,459,849

Provisions for liabilities
  

Deferred tax
  
(3,840)
(5,234)

  
 
 
(3,840)
 
 
(5,234)

Net assets
  
13,695,437
13,454,615


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
13,695,337
13,454,515

  
13,695,437
13,454,615


Page 1

 


A.S. ASHCROFT LIMITED
REGISTERED NUMBER:02393218


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The Directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 August 2024.




M. Perrin
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


A.S. ASHCROFT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

A S Ashcroft Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office and principal place of business is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Sale of properties
Turnover from sales of properties is recognised on legal completion. Legal and other costs are included in cost of sales.

 
2.3

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

Page 3

 


A.S. ASHCROFT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Freehold building
-
Amortisation over 50 years
Plant and machinery
-
15% reducing net book value
Motor vehicles
-
25% reducing net book value
Fixtures and fittings
-
15% reducing net book value
Office equipment
-
25% reducing net book value

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Work in progress and finished goods include labour and attributable overheads.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4

 


A.S. ASHCROFT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 12 (2023 - 15).


4.


Tangible fixed assets





Land and buildings
Other fixed assets
Total

£
£
£



Cost or valuation


At 1 May 2023
275,000
156,563
431,563



At 30 April 2024

275,000
156,563
431,563



Depreciation


At 1 May 2023
140,250
129,449
269,699


Charge for the year on owned assets
4,125
6,131
10,256



At 30 April 2024

144,375
135,580
279,955



Net book value



At 30 April 2024
130,625
20,983
151,608



At 30 April 2023
134,750
27,114
161,864


5.


Debtors

2024
2023
£
£


Trade debtors
229,844
146,714

Other debtors
9,969
3,540

Prepayments and accrued income
8,738
9,351

Amounts recoverable on long term contracts
171,607
168,950

420,158
328,555


Page 5

 


A.S. ASHCROFT LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
122,620
84,345

Corporation tax
116,371
228,357

Other taxation and social security
97,377
56,986

Other creditors
413,426
439,861

Accruals and deferred income
21,711
8,500

771,505
818,049


Included within other creditors is a balance due to the directors of £212,633 (2023: £129,654) which has been provided interest free and is repayable on demand.

 
Page 6