C.J. Ashmead Limited 01309946 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is farming and agricultural contracting Digita Accounts Production Advanced 6.30.9574.0 true 01309946 2023-05-01 2024-04-30 01309946 2024-04-30 01309946 bus:OrdinaryShareClass1 2024-04-30 01309946 core:RetainedEarningsAccumulatedLosses 2024-04-30 01309946 core:ShareCapital 2024-04-30 01309946 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-04-30 01309946 core:CurrentFinancialInstruments 2024-04-30 01309946 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 01309946 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 01309946 core:FurnitureFittingsToolsEquipment 2024-04-30 01309946 core:LandBuildings 2024-04-30 01309946 core:MotorVehicles 2024-04-30 01309946 bus:SmallEntities 2023-05-01 2024-04-30 01309946 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 01309946 bus:FullAccounts 2023-05-01 2024-04-30 01309946 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 01309946 bus:RegisteredOffice 2023-05-01 2024-04-30 01309946 bus:Director1 2023-05-01 2024-04-30 01309946 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 01309946 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 01309946 bus:Agent1 2023-05-01 2024-04-30 01309946 core:RetainedEarningsAccumulatedLosses 2023-05-01 2024-04-30 01309946 core:ShareCapital 2023-05-01 2024-04-30 01309946 core:FurnitureFittings 2023-05-01 2024-04-30 01309946 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 01309946 core:LandBuildings 2023-05-01 2024-04-30 01309946 core:MotorCars 2023-05-01 2024-04-30 01309946 core:MotorVehicles 2023-05-01 2024-04-30 01309946 core:PlantMachinery 2023-05-01 2024-04-30 01309946 countries:England 2023-05-01 2024-04-30 01309946 2023-04-30 01309946 core:RetainedEarningsAccumulatedLosses 2023-04-30 01309946 core:ShareCapital 2023-04-30 01309946 core:FurnitureFittingsToolsEquipment 2023-04-30 01309946 core:LandBuildings 2023-04-30 01309946 core:MotorVehicles 2023-04-30 01309946 2022-05-01 2023-04-30 01309946 2023-04-30 01309946 bus:OrdinaryShareClass1 2023-04-30 01309946 core:RetainedEarningsAccumulatedLosses 2023-04-30 01309946 core:ShareCapital 2023-04-30 01309946 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-04-30 01309946 core:CurrentFinancialInstruments 2023-04-30 01309946 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 01309946 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 01309946 core:FurnitureFittingsToolsEquipment 2023-04-30 01309946 core:LandBuildings 2023-04-30 01309946 core:MotorVehicles 2023-04-30 01309946 core:RetainedEarningsAccumulatedLosses 2022-05-01 2023-04-30 01309946 core:ShareCapital 2022-05-01 2023-04-30 01309946 2022-04-30 01309946 core:RetainedEarningsAccumulatedLosses 2022-04-30 01309946 core:ShareCapital 2022-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01309946

C.J. Ashmead Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

C.J. Ashmead Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Financial Statements

8 to 12

 

C.J. Ashmead Limited

Company Information

Director

Mr C J Ashmead

Registered office

Honeycombe Meadow Back Lane
Bisley
Stroud
GL6 7BG

Accountants

Oakleys Professional Limited
14 St Owen Street
Hereford
HR1 2PL

 

C.J. Ashmead Limited

Director's Report for the Year Ended 30 April 2024

The director presents his report and the financial statements for the year ended 30 April 2024.

Director of the company

The director who held office during the year was as follows:

Mr C J Ashmead

Principal activity

The principal activity of the company is farming and agricultural contracting

Small companies provision statement

This report has 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.

Approved by the director on 28 November 2024 and signed on its behalf by:

.........................................
Mr C J Ashmead
Director

   
     
 

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
C.J. Ashmead Limited
for the Year Ended 30 April 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of C.J. Ashmead Limited for the year ended 30 April 2024 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.

It is your duty to ensure that C.J. Ashmead Limited 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 C.J. Ashmead Limited. You consider that C.J. Ashmead 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 accounts of C.J. Ashmead 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 accounts.

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

Oakleys Professional Limited
14 St Owen Street
Hereford
HR1 2PL

28 November 2024

 

C.J. Ashmead Limited

Profit and Loss Account for the Year Ended 30 April 2024

Note

2024
£

2023
£

Turnover

 

477,004

460,346

Cost of sales

 

(224,950)

(160,669)

Gross profit

 

252,054

299,677

Administrative expenses

 

(210,683)

(172,697)

Operating profit

 

41,371

126,980

Profit before tax

4

41,371

126,980

Tax on profit

 

(7,042)

(30,835)

Profit for the financial year

 

34,329

96,145

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

C.J. Ashmead Limited

Statement of Comprehensive Income for the Year Ended 30 April 2024

2024
£

2023
£

Profit for the year

34,329

96,145

Total comprehensive income for the year

34,329

96,145

 

C.J. Ashmead Limited

(Registration number: 01309946)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

439,857

536,886

Current assets

 

Stocks

6

82,440

141,830

Debtors

7

32,268

203,537

Cash at bank and in hand

 

462,484

318,545

 

577,192

663,912

Creditors: Amounts falling due within one year

8

(176,082)

(328,628)

Net current assets

 

401,110

335,284

Total assets less current liabilities

 

840,967

872,170

Creditors: Amounts falling due after more than one year

8

-

(12,000)

Provisions for liabilities

(57,603)

(81,135)

Net assets

 

783,364

779,035

Capital and reserves

 

Called up share capital

9

100

100

Retained earnings

783,264

778,935

Shareholders' funds

 

783,364

779,035

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

Director's 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 director acknowledges his 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.

Approved and authorised by the director on 28 November 2024
 

.........................................
Mr C J Ashmead
Director

   
     
 

C.J. Ashmead Limited

Statement of Changes in Equity for the Year Ended 30 April 2024

Share capital
£

Profit and loss account
£

Total
£

At 1 May 2023

100

778,936

779,036

Profit for the year

-

34,329

34,329

Total comprehensive income

-

34,329

34,329

Dividends

-

(30,000)

(30,000)

At 30 April 2024

100

783,265

783,365

Share capital
£

Profit and loss account
£

Total
£

At 1 May 2022

100

712,791

712,891

Profit for the year

-

96,145

96,145

Total comprehensive income

-

96,145

96,145

Dividends

-

(30,000)

(30,000)

At 30 April 2023

100

778,936

779,036

 

C.J. Ashmead Limited

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

1

General information

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

The address of its registered office is:
Honeycombe Meadow Back Lane
Bisley
Stroud
GL6 7BG
England

The principal place of business is:
Honeycombe Farm
Stancombe
Stroud
Gloucestershire
GL6 7NF

These financial statements were authorised for issue by the director on 28 November 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

C.J. Ashmead Limited

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

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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

Plant and machinery

25% reducing balance

Fixtures and fittings

25% reducing balance

Motor vehicles

25% reducing balance

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.

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.

Stocks

The directors have chosen the fair model valuation for assets under FRS 102

 

C.J. Ashmead Limited

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

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

99,346

56,441

 

C.J. Ashmead Limited

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

5

Tangible assets

Land and buildings
£

Plant & machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 May 2023

145,802

1,268,208

49,199

1,463,209

Additions

-

2,317

-

2,317

At 30 April 2024

145,802

1,270,525

49,199

1,465,526

Depreciation

At 1 May 2023

11,878

865,818

48,627

926,323

Charge for the year

-

99,201

145

99,346

At 30 April 2024

11,878

965,019

48,772

1,025,669

Carrying amount

At 30 April 2024

133,924

305,506

427

439,857

At 30 April 2023

133,924

402,390

572

536,886

Included within the net book value of land and buildings above is £133,924 (2023 - £133,924) in respect of freehold land and buildings.
 

6

Stocks

2024
£

2023
£

Closing stock

82,440

141,830

7

Debtors

Current

2024
£

2023
£

Trade debtors

32,268

203,537

 

C.J. Ashmead Limited

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

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

trade creditors

30,787

307,791

Taxation and social security

(937)

(29,402)

Other creditors

146,232

50,239

176,082

328,628

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

-

12,000

9

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

10

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Hire purchase contracts

-

12,000

11

Dividends

   

2024

 

2023

   

£

 

£

Final dividend of £300.00 (2023 - £300.00) per ordinary share

 

30,000

 

30,000