Company registration number 06494914 (England and Wales)
Ashglass Limited
UNAUDITED FINANCIAL STATEMENTS
for the year ended 28 February 2024
PAGES FOR FILING WITH REGISTRAR
Ashglass Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Ashglass Limited
Statement Of Financial Position
as at 28 February 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
32,547
14,962
Current assets
Stocks
387
352
Debtors
8,550
10,907
Cash at bank and in hand
7,667
18,379
16,604
29,638
Creditors: amounts falling due within one year
(27,117)
(20,563)
Net current (liabilities)/assets
(10,513)
9,075
Net assets
22,034
24,037
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
21,934
23,937
Total equity
22,034
24,037
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 11 September 2024 and are signed on its behalf by:
P Ashton
Director
Company registration number 06494914 (England and Wales)
Ashglass Limited
Notes to the financial statements
for the year ended 28 February 2024
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Motor vehicles
25% reducing balance
Tools and equipment
20% reducing balance
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
3
3
Ashglass Limited
Notes to the financial statements (continued)
for the year ended 28 February 2024
- 3 -
3
Tangible fixed assets
Motor vehicles
Tools and equipment
Total
£
£
£
Cost
At 1 March 2023
29,244
8,310
37,554
Additions
23,083
23,083
At 28 February 2024
52,327
8,310
60,637
Depreciation and impairment
At 1 March 2023
17,604
4,988
22,592
Depreciation charged in the year
4,834
664
5,498
At 28 February 2024
22,438
5,652
28,090
Carrying amount
At 28 February 2024
29,889
2,658
32,547
At 28 February 2023
11,640
3,322
14,962
4
Company information
Ashglass Limited is a private company limited by shares incorporated in England and Wales. The registered office is 108 Hollin Lane, Calder Grove, Wakefield, West Yorkshire, WF4 3DF.