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Company Registration No. 9369357 (England and Wales)
Ashwood Finishings Ltd Unaudited accounts for the year ended 31 December 2023
Ashwood Finishings Ltd Unaudited accounts Contents
Page
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Ashwood Finishings Ltd Company Information for the year ended 31 December 2023
Director
Steven Wood
Company Number
9369357 (England and Wales)
Registered Office
Brookbreasting Cottage Narrow Lane Watnall Nottingham NG16 1HW
Accountants
Taylor Accountancy Ltd 2 Lynmoor Court Hucknall Nottingham NG15 8FT
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Ashwood Finishings Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,753 
6,466 
Current assets
Debtors
4,768 
9,330 
Cash at bank and in hand
15,988 
23,934 
20,756 
33,264 
Creditors: amounts falling due within one year
(18,545)
(18,113)
Net current assets
2,211 
15,151 
Total assets less current liabilities
6,964 
21,617 
Creditors: amounts falling due after more than one year
(15,000)
(25,000)
Net liabilities
(8,036)
(3,383)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(8,136)
(3,483)
Shareholders' funds
(8,036)
(3,383)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 September 2024 and were signed on its behalf by
Steven Wood Director Company Registration No. 9369357
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Ashwood Finishings Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Ashwood Finishings Ltd is a private company, limited by shares, registered in England and Wales, registration number 9369357. The registered office is Brookbreasting Cottage, Narrow Lane, Watnall, Nottingham, NG16 1HW.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
30% reducing balance
Motor vehicles
25% reducing balance
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
12,974 
10,750 
23,724 
At 31 December 2023
12,974 
10,750 
23,724 
Depreciation
At 1 January 2023
11,043 
6,215 
17,258 
Charge for the year
579 
1,134 
1,713 
At 31 December 2023
11,622 
7,349 
18,971 
Net book value
At 31 December 2023
1,352 
3,401 
4,753 
At 31 December 2022
1,931 
4,535 
6,466 
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Ashwood Finishings Ltd Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
230 
- 
Trade debtors
- 
8,428 
Other debtors
4,538 
902 
4,768 
9,330 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
- 
288 
Trade creditors
1,147 
888 
Taxes and social security
- 
3,975 
Loans from directors
5,648 
1,212 
Accruals
1,750 
1,750 
18,545 
18,113 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
15,000 
25,000 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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