2023-03-01 07964085 2024-02-28 07964085 2023-03-01 2024-02-28 07964085 2023-02-28 07964085 2022-03-01 2023-02-28 07964085 uk-core:WithinOneYear 2023-02-28 07964085 uk-core:WithinOneYear 2024-02-28 07964085 uk-core:ShareCapital 2024-02-28 07964085 uk-core:ShareCapital 2023-02-28 07964085 uk-core:RetainedEarningsAccumulatedLosses 2024-02-28 07964085 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 07964085 uk-bus:Director1 2023-03-01 2024-02-28 07964085 uk-bus:Director2 2023-03-01 2024-02-28 07964085 uk-core:NetGoodwill 2023-03-01 2024-02-28 07964085 uk-core:Goodwill 2023-02-28 07964085 uk-core:Goodwill 2024-02-28 07964085 uk-core:Goodwill 2023-03-01 2024-02-28 iso4217:GBP xbrli:pure 07964085 uk-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 07964085 uk-bus:FRS102 2023-03-01 2024-02-28 07964085 uk-bus:FilletedAccounts 2023-03-01 2024-02-28 07964085 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28
Ashton Accounting Limited
Registered Number:07964085
For the year ended 28 February 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2024
Ashton Accounting Limited
Contents Page
1 to 2
Statement of Financial Position
3 to 5
Notes to the Financial Statements
3
Registered Number :
07964085
As at 28 February 2024
Ashton Accounting Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
31,829
38,195
2
Property, plant and equipment
5,828
3,180
3
37,657
41,375
Current assets
Inventories
6,425
6,499
4
Trade and other receivables
35,035
46,149
5
45,374
Cash and cash equivalents
33,445
86,093
86,834
Trade and other payables: amounts falling due within
one year
(102,804)
(96,976)
6
(15,970)
(10,883)
Net current liabilities
Total assets less current liabilities
26,774
25,405
(1,048)
(531)
Provisions for liabilities
25,726
Net assets
24,874
Capital and reserves
Called up share capital
100
100
Retained earnings
25,626
24,774
25,726
24,874
Shareholders' funds
For the year ended 28 February 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
07964085
For the year ended 28 February 2024
Ashton Accounting Limited
Statement of Financial Position Continued
Margaret Ashton Director
Rachel Ashton Director
These financial statements were approved and authorised for issue by the Board on 22 November 2024 and were signed by:
The notes form part of these financial statements
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5
For the year ended 28 February 2024
Ashton Accounting Limited
Notes to the Financial Statements
Statutory Information
Ashton Accounting Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 07964085.
Registered address:
10&11 Northfield Road
Ilfracombe
DEVON
EX34 8AL
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of
Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic
of Ireland'' and the Companies Act 2006. The financial statements have been prepared under the
historical costs convention as modified by the revaluation of certain assets.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 10, is being amortised evenly over its estimated useful life of 10 years.
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 March 2023
66,427
At 28 February 2024
66,427
Amortisation
At 01 March 2023
28,232
6,366
Charge for year
At 28 February 2024
34,598
Net book value
At 28 February 2024
31,829
At 28 February 2023
38,195
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6
For the year ended 28 February 2024
Ashton Accounting Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment
Furniture
and Fittings
£
Cost or
valuation
At 01 March 2023
8,153
4,591
Additions
At 28 February 2024
12,744
Provision for depreciation and impairment
At 01 March 2023
4,973
Charge for year
1,943
At 28 February 2024
6,916
At 28 February 2024
Net book value
5,828
At 28 February 2023
3,180
4. Inventories
2023
2024
£
£
Stocks
6,499
6,425
Inventories are valued at the lower of cost and selling price less costs to complete and sell. Cost is defined as the actual cost of materials. Provision is made for obsolete and slow-moving items. In respect of work in progress this is the percentage of any sales contract that has been completed within the year but invoiced after the year end and is based on the sales invoice total.
5. Trade and other receivables
2023
2024
£
£
Trade debtors
40,626
29,614
Other debtors
5,523
5,421
35,035
46,149
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7
For the year ended 28 February 2024
Ashton Accounting Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
551
1,123
Taxation and social security
28,787
27,638
Other creditors
67,638
74,043
96,976
102,804
7. Average number of persons employed
During the year the average number of employees was 5 (2023 : 6)
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