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REGISTERED NUMBER: 03324481 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

AINSCOUGH LIMITED

AINSCOUGH LIMITED (REGISTERED NUMBER: 03324481)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AINSCOUGH LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2024







Director: Mr S J Ainscough





Secretary: Mr S P Smith





Registered office: Steelpoint
Staveley Road
Skelmersdale
Lancashire
WN8 8DZ





Registered number: 03324481 (England and Wales)





Accountants: NRB
1st Floor Waterside House
Waterside Drive
Wigan
Lancashire
WN3 5AZ

AINSCOUGH LIMITED (REGISTERED NUMBER: 03324481)

Balance Sheet
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 489,420 576,761
Investments 5 - 1
489,420 576,762

CURRENT ASSETS
Stocks 1,545,694 1,456,530
Debtors 6 566,561 401,530
Cash at bank and in hand 4,320,581 4,149,520
6,432,836 6,007,580
CREDITORS
Amounts falling due within one year 7 955,336 887,934
NET CURRENT ASSETS 5,477,500 5,119,646
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,966,920

5,696,408

PROVISIONS FOR LIABILITIES 8 122,492 144,390
NET ASSETS 5,844,428 5,552,018

CAPITAL AND RESERVES
Called up share capital 9 333,831 333,831
Capital redemption reserve 167,501 167,501
Retained earnings 5,343,096 5,050,686
SHAREHOLDERS' FUNDS 5,844,428 5,552,018

AINSCOUGH LIMITED (REGISTERED NUMBER: 03324481)

Balance Sheet - continued
31 MARCH 2024


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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 October 2024 and were signed by:





Mr S J Ainscough - Director


AINSCOUGH LIMITED (REGISTERED NUMBER: 03324481)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Ainscough 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.

Preparation of consolidated financial statements
The financial statements contain information about Ainscough Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 33% on reducing balance
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value. A provision is made for slow moving items covering the length of time they have been in stock and the provision is limited to the scrap value which accounts for potential obsolete items.

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 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.

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.

AINSCOUGH LIMITED (REGISTERED NUMBER: 03324481)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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.

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All difference are taken to the Profit and Loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 1,079,484 69,698 794,323 1,943,505
Additions 17,000 - 152,350 169,350
Disposals - (69,698 ) (195,186 ) (264,884 )
At 31 March 2024 1,096,484 - 751,487 1,847,971
DEPRECIATION
At 1 April 2023 908,132 68,877 389,735 1,366,744
Charge for year 42,840 271 101,515 144,626
Eliminated on disposal - (69,148 ) (83,671 ) (152,819 )
At 31 March 2024 950,972 - 407,579 1,358,551
NET BOOK VALUE
At 31 March 2024 145,512 - 343,908 489,420
At 31 March 2023 171,352 821 404,588 576,761

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023 1
Disposals (1 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 1

AINSCOUGH LIMITED (REGISTERED NUMBER: 03324481)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 407,123 250,009
Other debtors 159,438 151,521
566,561 401,530

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 341,962 380,499
Amounts owed to group undertakings 55,000 -
Taxation and social security 236,885 101,112
Other creditors 321,489 406,323
955,336 887,934

There exists a fixed and floating charge over all present and future fixed assets of the company, in favour of Natwest Bank Plc.This charge was satisfied post year end on the 1st of July 2024.

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax
Accelerated capital allowances 122,492 144,390

Deferred
tax
£   
Balance at 1 April 2023 144,390
Provided during year (21,898 )
Balance at 31 March 2024 122,492

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
333,831 Ordinary £1 333,831 333,831