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REGISTERED NUMBER: 12705064 (England and Wales)












Ashley Business Services Ltd

Unaudited Financial Statements

for the Year Ended 30 June 2024






Ashley Business Services Ltd (Registered number: 12705064)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Ashley Business Services Ltd

Company Information
for the Year Ended 30 June 2024







Directors: Mr J S Silver
Mr G A Silver
Mrs J H Silver





Registered office: Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ





Registered number: 12705064 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Ashley Business Services Ltd (Registered number: 12705064)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 3,958 3,423

Current assets
Debtors 5 95,139 24,202
Cash at bank 65,880 8,548
161,019 32,750
Creditors
Amounts falling due within one year 6 110,354 19,260
Net current assets 50,665 13,490
Total assets less current liabilities 54,623 16,913

Provisions for liabilities 7 989 651
Net assets 53,634 16,262

Capital and reserves
Called up share capital 100 100
Retained earnings 53,534 16,162
Shareholders' funds 53,634 16,262

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

Ashley Business Services Ltd (Registered number: 12705064)

Balance Sheet - continued
30 June 2024


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 23 September 2024 and were signed on its behalf by:





Mr J S Silver - Director


Ashley Business Services Ltd (Registered number: 12705064)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. Statutory information

Ashley Business Services Ltd 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.

Tangible fixed assets
Depreciation is charged over 3 years (33% straight line) on computer equipment and fixtures and fittings.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 3 (2023 - 3 ) .

Ashley Business Services Ltd (Registered number: 12705064)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. Tangible fixed assets
Plant and
machinery
etc
£   
Cost
At 1 July 2023 11,081
Additions 5,217
Disposals (3,509 )
At 30 June 2024 12,789
Depreciation
At 1 July 2023 7,658
Charge for year 2,769
Eliminated on disposal (1,596 )
At 30 June 2024 8,831
Net book value
At 30 June 2024 3,958
At 30 June 2023 3,423

5. Debtors: amounts falling due within one year
30.6.24 30.6.23
£    £   
Trade debtors - 13,500
Other debtors 95,139 10,702
95,139 24,202

6. Creditors: amounts falling due within one year
30.6.24 30.6.23
£    £   
Trade creditors 72 33
Taxation and social security 35,285 17,306
Other creditors 74,997 1,921
110,354 19,260

7. Provisions for liabilities
30.6.24 30.6.23
£    £   
Deferred tax
Accelerated capital allowances 989 651

Ashley Business Services Ltd (Registered number: 12705064)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. Provisions for liabilities - continued

Deferred
tax
£   
Balance at 1 July 2023 651
Charge to Income statement during year 338
Balance at 30 June 2024 989