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REGISTERED NUMBER: 11144704 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

ALSTON ASSET MANAGEMENT LTD

ALSTON ASSET MANAGEMENT LTD (REGISTERED NUMBER: 11144704)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALSTON ASSET MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: D H Alston





REGISTERED OFFICE: 3 Manor Road
Colchester
United Kingdom
CO3 3LU





REGISTERED NUMBER: 11144704 (England and Wales)





ACCOUNTANTS: Richard Sexton & Co LLP
3 Manor Road
Colchester
Essex
CO3 3LU

ALSTON ASSET MANAGEMENT LTD (REGISTERED NUMBER: 11144704)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 140,990 163,329

CURRENT ASSETS
Stocks 5 6,000 5,000
Debtors 6 10,414 3,853
Cash at bank 44,374 37,632
60,788 46,485
CREDITORS
Amounts falling due within one year 7 177,705 184,727
NET CURRENT LIABILITIES (116,917 ) (138,242 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,073

25,087

PROVISIONS FOR LIABILITIES 5,875 5,350
NET ASSETS 18,198 19,737

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 18,098 19,637
18,198 19,737

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

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

ALSTON ASSET MANAGEMENT LTD (REGISTERED NUMBER: 11144704)

BALANCE SHEET - continued
31 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 director and authorised for issue on 30 October 2024 and were signed by:





D H Alston - Director


ALSTON ASSET MANAGEMENT LTD (REGISTERED NUMBER: 11144704)

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

1. STATUTORY INFORMATION

Alston Asset Management 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 - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

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.

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.

ALSTON ASSET MANAGEMENT LTD (REGISTERED NUMBER: 11144704)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 66,448 - 214,207 5,831 286,486
Additions 5,747 780 - 4,048 10,575
Disposals (800 ) - - - (800 )
At 31 January 2024 71,395 780 214,207 9,879 296,261
DEPRECIATION
At 1 February 2023 25,024 - 95,943 2,190 123,157
Charge for year 6,989 156 23,653 1,538 32,336
Eliminated on disposal (222 ) - - - (222 )
At 31 January 2024 31,791 156 119,596 3,728 155,271
NET BOOK VALUE
At 31 January 2024 39,604 624 94,611 6,151 140,990
At 31 January 2023 41,424 - 118,264 3,641 163,329

5. STOCKS
2024 2023
£    £   
Work-in-progress 6,000 5,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,088 1,766
Prepayments and accrued income 2,326 2,087
10,414 3,853

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 39,572 31,063
Social security and other taxes 3,731 1,342
Directors loan account 124,949 144,714
Accrued expenses 9,453 7,608
177,705 184,727

ALSTON ASSET MANAGEMENT LTD (REGISTERED NUMBER: 11144704)

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

8. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr D H Alston who owns 100% of the issued share capital.