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Company registration number: 14167028
Ashaya Limited
Unaudited filleted financial statements
31 March 2024
Ashaya Limited
Contents
Directors and other information
Accountant's report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Ashaya Limited
Directors and other information
Director Ms Divya Patel
Company number 14167028
Registered office Unit 2 The Rutherford Centre, Dunlop Road
Hadleigh Road Ind Estate
Ipswich
Suffolk
IP2 0UG
Accountant Simon Emmerson MAAT AATQB
Deeks & King Accountants
Unit 2 The Rutherford Centre, Dunlop Road
Hadleigh Road Ind Est
Ipswich, Suffolk
IP2 0UG
Bankers Natwest
Ashaya Limited
Accountants Report to the director on the preparation of the
unaudited statutory financial statements of Ashaya Limited
Year ended 31 March 2024
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 March 2024 which comprise the statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Simon Emmerson MAAT AATQB
Deeks & King Accountants
Unit 2 The Rutherford Centre, Dunlop Road
Hadleigh Road Ind Est
Ipswich, Suffolk
IP2 0UG
30 October 2024
Ashaya Limited
Statement of financial position
31 March 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 646 199
_______ _______
646 199
Current assets
Debtors 6 100 20,445
Cash at bank and in hand 80,087 101,737
_______ _______
80,187 122,182
Creditors: amounts falling due
within one year 7 ( 9,474) ( 24,351)
_______ _______
Net current assets 70,713 97,831
_______ _______
Total assets less current liabilities 71,359 98,030
_______ _______
Net assets 71,359 98,030
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account 71,259 97,930
_______ _______
Shareholder funds 71,359 98,030
_______ _______
For the year ending 31 March 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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 30 October 2024 , and are signed on behalf of the board by:
Ms Divya Patel
Director
Company registration number: 14167028
Ashaya Limited
Statement of changes in equity
Year ended 31 March 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 April 2022 100 - 100
Profit for the year 97,930 97,930
_______ _______ _______
Total comprehensive income for the year - 97,930 97,930
_______ _______ _______
At 31 March 2023 and 1 April 2023 100 97,930 98,030
Profit for the year 28,329 28,329
_______ _______ _______
Total comprehensive income for the year - 28,329 28,329
Dividends paid and payable ( 55,000) ( 55,000)
_______ _______ _______
Total investments by and distributions to owners - ( 55,000) ( 55,000)
_______ _______ _______
At 31 March 2024 100 71,259 71,359
_______ _______ _______
Ashaya Limited
Notes to the financial statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Unit 2 The Rutherford Centre, Dunlop Road, Hadleigh Road Ind Estate, Ipswich, Suffolk, IP2 0UG.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2023: Nil).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 April 2023 199 199
Additions 589 589
_______ _______
At 31 March 2024 788 788
_______ _______
Depreciation
At 1 April 2023 - -
Charge for the year 142 142
_______ _______
At 31 March 2024 142 142
_______ _______
Carrying amount
At 31 March 2024 646 646
_______ _______
At 31 March 2023 199 199
_______ _______
6. Debtors
2024 2023
£ £
Trade debtors - 20,344
Other debtors 100 101
_______ _______
100 20,445
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 1,980 1,440
Corporation tax 6,541 22,911
Other creditors 953 -
_______ _______
9,474 24,351
_______ _______
8. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Ms Divya Patel 1 54,992 ( 55,946) ( 953)
_______ _______ _______ _______
2023
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Ms Divya Patel - - - -
_______ _______ _______ _______