REGISTERED NUMBER: |
ASH & LACY AUTOMOTIVE HOLDINGS LIMITED |
Unaudited Financial Statements for the Year Ended 31 December 2023 |
REGISTERED NUMBER: |
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: |
Registered office: |
Registered number: |
Accountants: |
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 |
Total assets less current liabilities |
Capital and reserves |
Called up share capital | 5 |
Capital redemption reserve | 6 |
Shareholders' funds |
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. |
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 |
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 |
2. | Accounting policies |
Basis of preparing the financial statements |
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 |
Net book value |
At 31 December 2023 |
At 31 December 2022 |
The company's investments at the Statement of Financial Position date in the share capital of companies include the following: |
Registered office: Ash & Lacy House, Bromford Lane, West Bromwich, West Midlands, B70 7JJ |
Nature of business: |
% |
Class of shares: | holding |
5. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
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 | - |
Purchase of own shares | (136,500 | ) | 1 | (136,499 | ) |
At 31 December 2023 | 1 |
7. | Ultimate controlling party |