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Ashott Limited

Registered Number
04405438
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

Ashott Limited
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

Leeming, Gary

Company Secretary

LEEMING, Sharon

Registered Address

Balmoral House
Warwick Court, Park Road
Middleton
M24 1AE

Registered Number

04405438 (England and Wales)
Ashott Limited
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets42,7533,316
2,7533,316
Current assets
Stocks6,0006,000
Debtors39,91839,796
Cash at bank and on hand753792
46,67146,588
Creditors amounts falling due within one year5(207,624)(188,812)
Net current assets (liabilities)(160,953)(142,224)
Total assets less current liabilities(158,200)(138,908)
Creditors amounts falling due after one year6(7,500)(13,500)
Net assets(165,700)(152,408)
Capital and reserves
Called up share capital22
Profit and loss account(165,702)(152,410)
Shareholders' funds(165,700)(152,408)
The financial statements were approved and authorised for issue by the Director on 21 August 2024, and are signed on its behalf by:
Leeming, Gary
Director
Registered Company No. 04405438
Ashott Limited
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Amortisation is provided over the estimated useful economic life.
Tangible fixed assets and depreciation
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.
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Government grants or assistance
Government grants in respect of the Coronavirus Job Retention Scheme are recognised within the Income Statement on an accruals basis.
2.Average number of employees

20242023
Average number of employees during the year44
3.Intangible assets

Total

£
Cost or valuation
At 01 April 2313,684
At 31 March 2413,684
Amortisation and impairment
At 01 April 2313,684
At 31 March 2413,684
Net book value
At 31 March 24-
At 31 March 23-
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 2320,826
At 31 March 2420,826
Depreciation and impairment
At 01 April 2317,510
Charge for year563
At 31 March 2418,073
Net book value
At 31 March 242,753
At 31 March 233,316
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables9,2834,419
Bank borrowings and overdrafts6,0006,000
Taxation and social security3,6814,124
Other creditors188,660174,269
Total207,624188,812
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts7,50013,500
Total7,50013,500