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REGISTERED NUMBER: 12973921 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

ASCENT ENERGY SERVICES LTD

ASCENT ENERGY SERVICES LTD (REGISTERED NUMBER: 12973921)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASCENT ENERGY SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTORS: J A Gregory
G P Duckers





REGISTERED OFFICE: 113 Chainhouse Lane
Whitestake
Preston
Lancashire
PR4 4LB





REGISTERED NUMBER: 12973921 (England and Wales)





ACCOUNTANTS: Hunter Healey Limited
Abacus House
450 Warrington Road
Culcheth
Warrington
Cheshire
WA3 5QX

ASCENT ENERGY SERVICES LTD (REGISTERED NUMBER: 12973921)

BALANCE SHEET
31ST JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,560 18,058

CURRENT ASSETS
Stocks 203,400 250,200
Debtors 5 489,544 524,496
Cash at bank 417,564 157,464
1,110,508 932,160
CREDITORS
Amounts falling due within one year 6 548,035 412,668
NET CURRENT ASSETS 562,473 519,492
TOTAL ASSETS LESS CURRENT
LIABILITIES

592,033

537,550

PROVISIONS FOR LIABILITIES 6,546 4,515
NET ASSETS 585,487 533,035

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 585,485 533,033
SHAREHOLDERS' FUNDS 585,487 533,035

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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.

ASCENT ENERGY SERVICES LTD (REGISTERED NUMBER: 12973921)

BALANCE SHEET - continued
31ST JANUARY 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 4th October 2024 and were signed on its behalf by:





J A Gregory - Director


ASCENT ENERGY SERVICES LTD (REGISTERED NUMBER: 12973921)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024

1. STATUTORY INFORMATION

Ascent Energy 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 provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

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.

ASCENT ENERGY SERVICES LTD (REGISTERED NUMBER: 12973921)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 26 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st February 2023 15,153 10,209 - 5,877 31,239
Additions - 15,660 8,000 3,947 27,607
At 31st January 2024 15,153 25,869 8,000 9,824 58,846
DEPRECIATION
At 1st February 2023 5,931 3,631 - 3,619 13,181
Charge for year 3,031 5,174 4,625 3,275 16,105
At 31st January 2024 8,962 8,805 4,625 6,894 29,286
NET BOOK VALUE
At 31st January 2024 6,191 17,064 3,375 2,930 29,560
At 31st January 2023 9,222 6,578 - 2,258 18,058

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade debtors 384,199 519,559
Other debtors 105,345 4,937
489,544 524,496

ASCENT ENERGY SERVICES LTD (REGISTERED NUMBER: 12973921)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2024 2023
£    £   
Trade creditors 294,069 185,779
Taxation and social security 167,882 215,294
Other creditors 86,084 11,595
548,035 412,668