IRIS Accounts Production v24.3.0.553 07378727 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh073787272023-03-31073787272024-03-31073787272023-04-012024-03-31073787272022-03-31073787272022-04-012023-03-31073787272023-03-3107378727ns15:EnglandWales2023-04-012024-03-3107378727ns14:PoundSterling2023-04-012024-03-3107378727ns10:Director12023-04-012024-03-3107378727ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3107378727ns10:SmallEntities2023-04-012024-03-3107378727ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3107378727ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3107378727ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3107378727ns10:FullAccounts2023-04-012024-03-3107378727ns10:Director22023-04-012024-03-3107378727ns10:RegisteredOffice2023-04-012024-03-3107378727ns5:CurrentFinancialInstruments2024-03-3107378727ns5:CurrentFinancialInstruments2023-03-3107378727ns5:Non-currentFinancialInstruments2024-03-3107378727ns5:Non-currentFinancialInstruments2023-03-3107378727ns5:ShareCapital2024-03-3107378727ns5:ShareCapital2023-03-3107378727ns5:RetainedEarningsAccumulatedLosses2024-03-3107378727ns5:RetainedEarningsAccumulatedLosses2023-03-3107378727ns5:LongLeaseholdAssetsns5:LandBuildings2023-04-012024-03-3107378727ns5:PlantMachinery2023-04-012024-03-3107378727ns5:MotorVehicles2023-04-012024-03-3107378727ns5:LongLeaseholdAssetsns5:LandBuildings2023-03-3107378727ns5:PlantMachinery2023-03-3107378727ns5:MotorVehicles2023-03-3107378727ns5:LongLeaseholdAssetsns5:LandBuildings2024-03-3107378727ns5:PlantMachinery2024-03-3107378727ns5:MotorVehicles2024-03-3107378727ns5:LongLeaseholdAssetsns5:LandBuildings2023-03-3107378727ns5:PlantMachinery2023-03-3107378727ns5:MotorVehicles2023-03-3107378727ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3107378727ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3107378727ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-03-3107378727ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-03-3107378727ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3107378727ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3107378727ns5:Non-currentFinancialInstruments2023-04-012024-03-31
REGISTERED NUMBER: 07378727 (England and Wales)












Ashley Events Limited

Unaudited Financial Statements

for the Year Ended 31st March 2024






Ashley Events Limited (Registered number: 07378727)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Ashley Events Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: Ms S M Wolstenholme
S M Abel





REGISTERED OFFICE: 3 Havelock Terrace
Plymouth
Cornwall
PL2 1AT





REGISTERED NUMBER: 07378727 (England and Wales)





ACCOUNTANTS: Hodgsons
Chartered Accountants
48 Arwenack Street
Falmouth
Cornwall
TR11 3JH

Ashley Events Limited (Registered number: 07378727)

Statement of Financial Position
31st March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 70,473 89,801

CURRENT ASSETS
Debtors 5 120,717 120,459

CREDITORS
Amounts falling due within one year 6 (149,733 ) (146,786 )
NET CURRENT LIABILITIES (29,016 ) (26,327 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,457

63,474

CREDITORS
Amounts falling due after more than one
year

7

(29,539

)

(50,968

)

PROVISIONS FOR LIABILITIES (9,515 ) (12,940 )
NET ASSETS/(LIABILITIES) 2,403 (434 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 2,402 (435 )
SHAREHOLDERS' FUNDS 2,403 (434 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 Events Limited (Registered number: 07378727)

Statement of Financial Position - continued
31st March 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 7th November 2024 and were signed on its behalf by:





S M Abel - Director


Ashley Events Limited (Registered number: 07378727)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Ashley Events 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Buildings - 10% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Depreciation has been applied from the date the asset was acquired.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Ashley Events Limited (Registered number: 07378727)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Going concern
At the year end the company had net current liabilities and is reliant on the continued support of the directors. The financial statements have been prepared on the going concern basis and the directors believe this is appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
Buildings machinery vehicles Totals
£    £    £    £   
COST
At 1st April 2023 1,375 148,088 67,118 216,581
Additions - - 5,145 5,145
Disposals (1,375 ) (20,181 ) - (21,556 )
At 31st March 2024 - 127,907 72,263 200,170
DEPRECIATION
At 1st April 2023 1,375 97,007 28,398 126,780
Charge for year - 12,935 10,647 23,582
Eliminated on disposal (1,375 ) (19,290 ) - (20,665 )
At 31st March 2024 - 90,652 39,045 129,697
NET BOOK VALUE
At 31st March 2024 - 37,255 33,218 70,473
At 31st March 2023 - 51,081 38,720 89,801

Ashley Events Limited (Registered number: 07378727)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st April 2023
and 31st March 2024 24,560
DEPRECIATION
At 1st April 2023 9,206
Charge for year 3,839
At 31st March 2024 13,045
NET BOOK VALUE
At 31st March 2024 11,515
At 31st March 2023 15,354

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 1,071 -
Other debtors 119,646 120,459
120,717 120,459

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 8,865 3,218
Hire purchase contracts 5,085 4,739
Taxation and social security 12,138 1,124
Other creditors 123,645 137,705
149,733 146,786

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 8,278 13,364
Other creditors 21,261 37,604
29,539 50,968



8. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Ashes & Sparks Limited, of which Mrs S Wolstenholme is a director and majority shareholder.