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REGISTERED NUMBER: 00227716 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Ashley & Dumville Limited

Ashley & Dumville Limited (Registered number: 00227716)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 7

Ashley & Dumville Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: N J K Smith
T Smith
P Smith





SECRETARY: Mrs A F W Smith





REGISTERED OFFICE: Holcombe House
High Street
Deddington
Banbury
OX15 0SL





REGISTERED NUMBER: 00227716 (England and Wales)





ACCOUNTANTS: Bennett Brooks & Co Ltd
Chartered Accountants
Suite 1, First Floor
Coachworks Arcade
Northgate Street
Chester
Cheshire
CH1 2EY

Ashley & Dumville Limited (Registered number: 00227716)

Balance Sheet
31 December 2023

2023 2022
Notes £ £
FIXED ASSETS
Intangible assets 4 64,989 84,989
Tangible assets 5 17,370 27,975
82,359 112,964

CURRENT ASSETS
Debtors 6 383,876 226,384
Cash at bank 16,104 38,529
399,980 264,913
CREDITORS
Amounts falling due within one year 7 (536,457 ) (284,377 )
NET CURRENT LIABILITIES (136,477 ) (19,464 )
TOTAL ASSETS LESS CURRENT LIABILITIES (54,118 ) 93,500

PROVISIONS FOR LIABILITIES (5,315 ) (5,315 )
NET (LIABILITIES)/ASSETS (59,433 ) 88,185

CAPITAL AND RESERVES
Called up share capital 20,151 20,151
Revaluation reserve 8 4,246 4,246
Retained earnings (83,830 ) 63,788
(59,433 ) 88,185

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2024 and were signed on its behalf by:





N J K Smith - Director


Ashley & Dumville Limited (Registered number: 00227716)

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

1. STATUTORY INFORMATION

Ashley & Dumville 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Sale of Goods
Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

Depreciation is provided on all tangible assets, at rates calculated to write off the cost less estimated residual value,of each asset on a systematic basis over their estimated useful lives as follows:

Plant and Machinery - 25% on cost
Leasehold improvements - 10% on cost
Fixtures and Fittings - 25% on cost
Motor Vehicles - 25% on NBV

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.


Ashley & Dumville Limited (Registered number: 00227716)

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

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Share capital
Ordinary shares are classed as equity.

Distribution to equity holders
Dividends are recognised as a liability in the financial statements in the period in which the dividends are approved by the company's shareholders. These amounts are recognised in the statement of changes in equity.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, cash held with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 January 2023
and 31 December 2023 321,131
AMORTISATION
At 1 January 2023 236,142
Charge for year 20,000
At 31 December 2023 256,142
NET BOOK VALUE
At 31 December 2023 64,989
At 31 December 2022 84,989

Ashley & Dumville Limited (Registered number: 00227716)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
At 1 January 2023 47,472 112,940 160,412
Additions - 764 764
Disposals (47,472 ) (42,412 ) (89,884 )
At 31 December 2023 - 71,292 71,292
DEPRECIATION
At 1 January 2023 42,801 89,636 132,437
Charge for year - 6,698 6,698
Eliminated on disposal (42,801 ) (42,412 ) (85,213 )
At 31 December 2023 - 53,922 53,922
NET BOOK VALUE
At 31 December 2023 - 17,370 17,370
At 31 December 2022 4,671 23,304 27,975

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 64,924 82,717
Other debtors 318,952 143,667
383,876 226,384

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 16,406 50,715
Taxation and social security 21,938 13,973
Other creditors 498,113 219,689
536,457 284,377

8. RESERVES
Revaluation
reserve
£
At 1 January 2023
and 31 December 2023 4,246

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the end of the year the director was owed £497,248 (2022: £218,259) by the company, which is repayable on demand and attracts no interest.

Ashley & Dumville Limited (Registered number: 00227716)

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

10. RELATED PARTY DISCLOSURES

During the year expenditure of nil (2022: £77,177) was recharged to the company from Eleven Worldwide limited of which N J K Smith is also a director.
As at the balance sheet date £397,710 is owed to Ashley and Dumville Limited from Eleven Worldwide Limited.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Ashley & Dumville Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ashley & Dumville Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ashley & Dumville Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ashley & Dumville Limited and state those matters that we have agreed to state to the Board of Directors of Ashley & Dumville Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ashley & Dumville Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ashley & Dumville Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Ashley & Dumville Limited. You consider that Ashley & Dumville Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ashley & Dumville Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Bennett Brooks & Co Ltd
Chartered Accountants
Suite 1, First Floor
Coachworks Arcade
Northgate Street
Chester
Cheshire
CH1 2EY


4 September 2024