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REGISTERED NUMBER: 08627842 (England and Wales)












Unaudited Financial Statements

for the Period 1 August 2023 to 31 March 2024

for

Ashworth & Palmer Limited

Ashworth & Palmer Limited (Registered number: 08627842)






Contents of the Financial Statements
for the Period 1 August 2023 to 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Ashworth & Palmer Limited

Company Information
for the Period 1 August 2023 to 31 March 2024







DIRECTOR: R.J. Ashworth





REGISTERED OFFICE: Netherlee
Wellington Gardens
Hakin
Milford Haven
Pembrokeshire
SA73 3DB





REGISTERED NUMBER: 08627842 (England and Wales)

Ashworth & Palmer Limited (Registered number: 08627842)

Abridged Balance Sheet
31 March 2024

31.3.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 4,761
- 4,761

CURRENT ASSETS
Stocks - 15,967
Debtors 465 -
Cash at bank 53,445 51,223
53,910 67,190
CREDITORS
Amounts falling due within one year 35,723 47,067
NET CURRENT ASSETS 18,187 20,123
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,187

24,884

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 18,186 24,883
SHAREHOLDERS' FUNDS 18,187 24,884

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Ashworth & Palmer Limited (Registered number: 08627842)

Abridged Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 director and authorised for issue on 16 September 2024 and were signed by:





R.J. Ashworth - Director


Ashworth & Palmer Limited (Registered number: 08627842)

Notes to the Financial Statements
for the Period 1 August 2023 to 31 March 2024

1. STATUTORY INFORMATION

Ashworth & Palmer 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, 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.
Plant and machinery - 20% on 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 is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

Ashworth & Palmer Limited (Registered number: 08627842)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 31 March 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023
and 31 March 2024 10,000
AMORTISATION
At 1 August 2023
and 31 March 2024 10,000
NET BOOK VALUE

At 31 March 2024 -
At 31 July 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023 20,340
Disposals (20,340 )
At 31 March 2024 -
DEPRECIATION
At 1 August 2023 15,579
Eliminated on disposal (15,579 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 July 2023 4,761