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REGISTERED NUMBER: 04055357 (England and Wales)










Financial Statements

for the Year Ended 31 March 2024

for

S. Ayton (Franchising) Limited

S. Ayton (Franchising) Limited (Registered number: 04055357)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S. Ayton (Franchising) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mrs S Ayton





SECRETARY: Mrs J Ord





REGISTERED OFFICE: 62 Front Street
Consett
Co. Durham
DH8 5AL





REGISTERED NUMBER: 04055357 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
21 Sherburn Terrace
Consett
Co. Durham
DH8 6ND

S. Ayton (Franchising) Limited (Registered number: 04055357)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 3 - 1
Tangible assets 4 - 7
- 8

CURRENT ASSETS
Debtors 5 877 5,537
Cash at bank - 22,018
877 27,555
CREDITORS
Amounts falling due within one year 6 - (20,611 )
NET CURRENT ASSETS 877 6,944
TOTAL ASSETS LESS CURRENT
LIABILITIES

877

6,952

CREDITORS
Amounts falling due after more than one
year

7

-

27
NET ASSETS 877 6,979

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 8 377 6,479
877 6,979

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 director acknowledges her 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.

S. Ayton (Franchising) Limited (Registered number: 04055357)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 August 2024 and were signed by:





Mrs S Ayton - Director


S. Ayton (Franchising) Limited (Registered number: 04055357)

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

1. 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.

Franchise development are being amortised evenly over their estimated useful life of nil years.

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 - 25% on reducing balance

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - NIL ) .

S. Ayton (Franchising) Limited (Registered number: 04055357)

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

3. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023 12,750
Disposals (12,750 )
At 31 March 2024 -
AMORTISATION
At 1 April 2023 12,749
Eliminated on disposal (12,749 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 1

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2023 627
Disposals (627 )
At 31 March 2024 -
DEPRECIATION
At 1 April 2023 620
Eliminated on disposal (620 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 7

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' loan accounts 748 -
VAT 129 -
Prepayments and accrued income - 5,537
877 5,537

S. Ayton (Franchising) Limited (Registered number: 04055357)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax - 1,931
VAT - 625
Directors' loan accounts - 16,590
Accrued expenses - 1,465
- 20,611

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Social security and other taxes - (27 )

8. RESERVES
Retained
earnings
£   

At 1 April 2023 6,479
Deficit for the year (1,102 )
Dividends (5,000 )
At 31 March 2024 377