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REGISTERED NUMBER: 04410004 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 August 2023

for

Ashwells Associates Limited

Ashwells Associates Limited (Registered number: 04410004)

Contents of the Financial Statements
For The Year Ended 31 August 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ashwells Associates Limited

Company Information
For The Year Ended 31 August 2023







DIRECTOR: R P S Gill





SECRETARY: Mrs S K Gill





REGISTERED OFFICE: 54a Church Road
Ashford
Middlesex
TW15 2TS





REGISTERED NUMBER: 04410004 (England and Wales)






Ashwells Associates Limited (Registered number: 04410004)

Balance Sheet
31 August 2023

31/8/23 31/8/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,336 7,292

CURRENT ASSETS
Stocks 39,105 33,756
Debtors 5 455,522 375,443
Cash at bank and in hand 199,491 223,827
694,118 633,026
CREDITORS
Amounts falling due within one year 6 315,140 306,251
NET CURRENT ASSETS 378,978 326,775
TOTAL ASSETS LESS CURRENT
LIABILITIES

390,314

334,067

PROVISIONS FOR LIABILITIES 2,329 -
NET ASSETS 387,985 334,067

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 387,885 333,967
SHAREHOLDERS' FUNDS 387,985 334,067

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 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.

Ashwells Associates Limited (Registered number: 04410004)

Balance Sheet - continued
31 August 2023


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 28 August 2024 and were signed by:





R P S Gill - Director


Ashwells Associates Limited (Registered number: 04410004)

Notes to the Financial Statements
For The Year Ended 31 August 2023


1. STATUTORY INFORMATION

Ashwells 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 amounts chargeable to clients for professional services provided during the year including recoverable expenses but excluding Value Added Tax.

Services provided to clients, which at the balance sheet have not been billed to clients , have been recognised as turnover. Revenue recognised in this manner is based on an assessment of the fair value of the services provided at the balance sheet date as a proportion of the total value of the engagement.

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 - 33% 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.

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.

Ashwells Associates Limited (Registered number: 04410004)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 60,601
Additions 9,712
At 31 August 2023 70,313
DEPRECIATION
At 1 September 2022 53,309
Charge for year 5,668
At 31 August 2023 58,977
NET BOOK VALUE
At 31 August 2023 11,336
At 31 August 2022 7,292

5. DEBTORS
31/8/23 31/8/22
£    £   
Amounts falling due within one year:
Trade debtors 450,884 351,087
Other debtors 1,138 1,138
452,022 352,225

Amounts falling due after more than one year:
Other debtors 3,500 23,218

Aggregate amounts 455,522 375,443

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Trade creditors 27,597 45,230
Taxation and social security 203,192 144,278
Other creditors 84,351 116,743
315,140 306,251