Ashworth Motoring Law Ltd 09774600 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is specialist motoring law solicitors. Digita Accounts Production Advanced 6.30.9574.0 true true 09774600 2023-10-01 2024-09-30 09774600 2024-09-30 09774600 bus:Director1 1 2024-09-30 09774600 bus:Director3 1 2024-09-30 09774600 core:RetainedEarningsAccumulatedLosses 2024-09-30 09774600 core:ShareCapital 2024-09-30 09774600 core:CurrentFinancialInstruments 2024-09-30 09774600 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 09774600 core:FurnitureFittingsToolsEquipment 2024-09-30 09774600 bus:SmallEntities 2023-10-01 2024-09-30 09774600 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 09774600 bus:FilletedAccounts 2023-10-01 2024-09-30 09774600 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 09774600 bus:RegisteredOffice 2023-10-01 2024-09-30 09774600 bus:Director1 2023-10-01 2024-09-30 09774600 bus:Director1 1 2023-10-01 2024-09-30 09774600 bus:Director2 2023-10-01 2024-09-30 09774600 bus:Director3 2023-10-01 2024-09-30 09774600 bus:Director3 1 2023-10-01 2024-09-30 09774600 bus:Director4 2023-10-01 2024-09-30 09774600 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 09774600 bus:Agent1 2023-10-01 2024-09-30 09774600 core:FurnitureFittings 2023-10-01 2024-09-30 09774600 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 09774600 countries:EnglandWales 2023-10-01 2024-09-30 09774600 2023-09-30 09774600 bus:Director1 1 2023-09-30 09774600 bus:Director3 1 2023-09-30 09774600 core:FurnitureFittingsToolsEquipment 2023-09-30 09774600 2022-10-01 2023-09-30 09774600 2023-09-30 09774600 bus:Director1 1 2023-09-30 09774600 bus:Director3 1 2023-09-30 09774600 core:RetainedEarningsAccumulatedLosses 2023-09-30 09774600 core:ShareCapital 2023-09-30 09774600 core:CurrentFinancialInstruments 2023-09-30 09774600 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 09774600 core:FurnitureFittingsToolsEquipment 2023-09-30 09774600 bus:Director1 1 2022-10-01 2023-09-30 09774600 bus:Director3 1 2022-10-01 2023-09-30 09774600 bus:Director1 1 2022-09-30 09774600 bus:Director3 1 2022-09-30 iso4217:GBP xbrli:pure

Registration number: 09774600

Ashworth Motoring Law Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Ashworth Motoring Law Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 8

 

Ashworth Motoring Law Ltd

Company Information

Directors

Mrs A Ashworth

Mrs C Ashworth

Mr S Taylor

Mr T Ashworth

Registered office

Hawthorne House
4 Bank Street
Darwen
Lancashire
BB3 3HE

Accountants

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Ashworth Motoring Law Ltd
for the Year Ended 30 September 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ashworth Motoring Law Ltd for the year ended 30 September 2024 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Ashworth Motoring Law Ltd, as a body. Our work has been undertaken solely to prepare for your approval the accounts of Ashworth Motoring Law Ltd and state those matters that we have agreed to state to the Board of Directors of Ashworth Motoring Law Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ashworth Motoring Law Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Ashworth Motoring Law Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Ashworth Motoring Law Ltd. You consider that Ashworth Motoring Law Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Ashworth Motoring Law Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Hargreaves Brown & Benson
Chartered Accountants
1 Bond Street
Colne
Lancashire
BB8 9DG

29 October 2024

 

Ashworth Motoring Law Ltd

(Registration number: 09774600)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

8,963

6,383

Current assets

 

Debtors

5

193,239

71,411

Cash at bank and in hand

 

288,147

207,877

 

481,386

279,288

Creditors: Amounts falling due within one year

6

(254,286)

(191,590)

Net current assets

 

227,100

87,698

Total assets less current liabilities

 

236,063

94,081

Provisions for liabilities

(2,241)

(1,596)

Net assets

 

233,822

92,485

Capital and reserves

 

Called up share capital

100

100

Retained earnings

233,722

92,385

Shareholders' funds

 

233,822

92,485

 

Ashworth Motoring Law Ltd

(Registration number: 09774600)
Balance Sheet as at 30 September 2024

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 October 2024 and signed on its behalf by:
 

.........................................
Mrs A Ashworth
Director

.........................................
Mr S Taylor
Director

 

Ashworth Motoring Law Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Hawthorne House
4 Bank Street
Darwen
Lancashire
BB3 3HE

These financial statements were authorised for issue by the Board on 29 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Equipment

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Ashworth Motoring Law Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year was 4 (2023 - 4).

 

Ashworth Motoring Law Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 October 2023

17,025

17,025

Additions

7,315

7,315

Disposals

(6,023)

(6,023)

At 30 September 2024

18,317

18,317

Depreciation

At 1 October 2023

10,642

10,642

Charge for the year

3,409

3,409

Eliminated on disposal

(4,697)

(4,697)

At 30 September 2024

9,354

9,354

Carrying amount

At 30 September 2024

8,963

8,963

At 30 September 2023

6,383

6,383

5

Debtors

2024
£

2023
£

Prepayments

7,407

6,722

Other debtors

185,832

64,689

193,239

71,411

 

Ashworth Motoring Law Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

62,865

52,023

Taxation and social security

178,397

117,532

Other creditors

13,024

22,035

254,286

191,590

7

Related party transactions

Transactions with directors

2024

At 1 October 2023
£

Advances to director
£

Repayments by director
£

At 30 September 2024
£

Mrs A Ashworth

32,284

178,110

(117,528)

92,866

Mr S Taylor

32,305

167,623

(107,062)

92,866

2023

At 1 October 2022
£

Advances to director
£

Repayments by director
£

At 30 September 2023
£

Mrs A Ashworth

(833)

139,623

(106,506)

32,284

Mr S Taylor

(2,889)

142,045

(106,851)

32,305

This loan is unsecured, repayable on demand and interest is charged at the official rate.