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REGISTERED NUMBER: 13552947 (England and Wales)















ASH & LACY AUTOMOTIVE HOLDINGS LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2023






ASH & LACY AUTOMOTIVE HOLDINGS LIMITED (REGISTERED NUMBER: 13552947)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


ASH & LACY AUTOMOTIVE HOLDINGS LIMITED

Company Information
for the year ended 31 December 2023







Directors: Dr J L Evans
Y Tian
A D Waterhouse





Registered office: Ash & Lacy House
Bromford Lane
West Bromwich
West Midlands
B70 7JJ





Registered number: 13552947 (England and Wales)





Accountants: Cooper Parry Group Limited
CUBO Birmingham
3rd Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX

ASH & LACY AUTOMOTIVE HOLDINGS LIMITED (REGISTERED NUMBER: 13552947)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £   
Fixed assets
Investments 4 10 10
Total assets less current liabilities 10 10

Capital and reserves
Called up share capital 5 9 10
Capital redemption reserve 6 1 -
Shareholders' funds 10 10

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 18 August 2024 and were signed on its behalf by:




Dr J L Evans - Director



A D Waterhouse - Director


ASH & LACY AUTOMOTIVE HOLDINGS LIMITED (REGISTERED NUMBER: 13552947)

Notes to the Financial Statements
for the year ended 31 December 2023

1. Statutory information

Ash & Lacy Automotive Holdings 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. Employees and directors

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

ASH & LACY AUTOMOTIVE HOLDINGS LIMITED (REGISTERED NUMBER: 13552947)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. Fixed asset investments
Shares in
group
undertakings
£   
Cost
At 1 January 2023
and 31 December 2023 10
Net book value
At 31 December 2023 10
At 31 December 2022 10

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Ash & Lacy Automotive Limited
Registered office: Ash & Lacy House, Bromford Lane, West Bromwich, West Midlands, B70 7JJ
Nature of business: Perforated and expanded materials
%
Class of shares: holding
Ordinary 100.00

5. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
900 Ordinary 0.01 9 10

On 18 April 2023, the company entered into an agreement to buy back 200 of its issued £0.01 Ordinary shares for a total consideration of £273,000. In accordance with the agreement, the completion and payment is to be executed in 5 separate tranches over a 4 year period. On 18 April 2023, the first tranche of 100 Ordinary shares was completed for a consideration payment of £136,500. The remaining 100 Ordinary shares are due to be purchased in 4 further annual tranches, each at the anniversary date of exchange.

ASH & LACY AUTOMOTIVE HOLDINGS LIMITED (REGISTERED NUMBER: 13552947)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

6. Reserves
Capital
Retained redemption
earnings reserve Totals
£    £    £   

Profit for the year 136,500 - 136,500
Purchase of own shares (136,500 ) 1 (136,499 )
At 31 December 2023 - 1 1

7. Ultimate controlling party

By virtue of shareholding, the ultimate controlling party is Dr J L Evans.