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REGISTERED NUMBER: 06521135 (England and Wales)















ASHWOOD OFFICE INTERIORS LIMITED

Unaudited Financial Statements for the Year Ended 31 March 2024






ASHWOOD OFFICE INTERIORS LIMITED (REGISTERED NUMBER: 06521135)

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

Chartered Accountants' Report 8

ASHWOOD OFFICE INTERIORS LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M Wemm
S Wemm





REGISTERED OFFICE: Granville House
2 Tettenhall Road
Wolverhampton
WV1 4SB





REGISTERED NUMBER: 06521135 (England and Wales)





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

ASHWOOD OFFICE INTERIORS LIMITED (REGISTERED NUMBER: 06521135)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 9,747 13,249
9,747 13,249

CURRENT ASSETS
Stocks 6 500 500
Debtors 7 107,986 45,182
Cash at bank 9,564 167
118,050 45,849
CREDITORS
Amounts falling due within one year 8 112,740 69,442
NET CURRENT ASSETS/(LIABILITIES) 5,310 (23,593 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,057

(10,344

)

PROVISIONS FOR LIABILITIES 2,193 3,015
NET ASSETS/(LIABILITIES) 12,864 (13,359 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 12,764 (13,459 )
SHAREHOLDERS' FUNDS 12,864 (13,359 )

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 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.

ASHWOOD OFFICE INTERIORS LIMITED (REGISTERED NUMBER: 06521135)

Balance Sheet - continued
31 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 13 November 2024 and were signed on its behalf by:




M Wemm - Director



S Wemm - Director


ASHWOOD OFFICE INTERIORS LIMITED (REGISTERED NUMBER: 06521135)

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


1. STATUTORY INFORMATION

Ashwood Office Interiors 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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
Motor vehicles - 25% on reducing balance
Computer equipment - 20% 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.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference shares or non-puttable ordinary shares which are measured at fair value, with changes
recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss

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.


ASHWOOD OFFICE INTERIORS LIMITED (REGISTERED NUMBER: 06521135)

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


2. ACCOUNTING POLICIES - continued
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.

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
.The directors have considered the period one year from approving the financial statements. In their opinion the company has sufficient pipeline work and credit facilities available to enable the company to carry on operations for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 101,918
AMORTISATION
At 1 April 2023
and 31 March 2024 101,918
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

ASHWOOD OFFICE INTERIORS LIMITED (REGISTERED NUMBER: 06521135)

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


5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 4,591 35,657 6,888 47,136
DEPRECIATION
At 1 April 2023 4,179 23,869 5,839 33,887
Charge for year 103 2,947 452 3,502
At 31 March 2024 4,282 26,816 6,291 37,389
NET BOOK VALUE
At 31 March 2024 309 8,841 597 9,747
At 31 March 2023 412 11,788 1,049 13,249

6. STOCKS
31.3.24 31.3.23
£    £   
Stocks 500 500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 83,084 -
Directors' current accounts 17,693 38,029
Tax 5,389 5,389
Prepayments & accrued income 1,820 1,764
107,986 45,182

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 32,564 47,889
Trade creditors 21,954 1,464
Social security and other taxes 49,204 13,211
Other creditors 5,541 3,543
Accruals & deferred income 3,477 3,335
112,740 69,442

ASHWOOD OFFICE INTERIORS LIMITED (REGISTERED NUMBER: 06521135)

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


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
S Wemm and M Wemm
Balance outstanding at start of year 38,029 16,583
Amounts advanced 1,110 21,446
Amounts repaid - -
Amounts written off (21,446 ) -
Amounts waived - -
Balance outstanding at end of year 17,693 38,029

Interest was charged on the loan at 2.5%. It is unsecured and will be paid back by the end of 2024.

10. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Ashwood Office Interiors Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ashwood Office Interiors Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that Ashwood Office Interiors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ashwood Office Interiors Limited. You consider that Ashwood Office Interiors Limited 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 financial statements of Ashwood Office Interiors Limited. 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 financial statements.






Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB


13 November 2024