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REGISTERED NUMBER: 05215652 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

AINSWORTHS LIMITED

AINSWORTHS LIMITED (REGISTERED NUMBER: 05215652)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AINSWORTHS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: M A J Henry FCCA
Mrs J Tomlinson FCA CTA
M Heys FCCA ACA
M O Sunter FCA





REGISTERED OFFICE: Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY





REGISTERED NUMBER: 05215652 (England and Wales)






AINSWORTHS LIMITED (REGISTERED NUMBER: 05215652)

BALANCE SHEET
30TH APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 669,936 709,944
Tangible assets 5 253,822 265,258
923,758 975,202

CURRENT ASSETS
Debtors 6 603,383 724,011
Cash at bank and in hand 30,895 235
634,278 724,246
CREDITORS
Amounts falling due within one year 7 707,035 798,067
NET CURRENT LIABILITIES (72,757 ) (73,821 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

851,001

901,381

CREDITORS
Amounts falling due after more than one
year

8

(199,443

)

(276,400

)

PROVISIONS FOR LIABILITIES (2,051 ) (3,413 )
NET ASSETS 649,507 621,568

CAPITAL AND RESERVES
Called up share capital 304,211 304,211
Retained earnings 345,296 317,357
SHAREHOLDERS' FUNDS 649,507 621,568

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

AINSWORTHS LIMITED (REGISTERED NUMBER: 05215652)

BALANCE SHEET - continued
30TH APRIL 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 7th January 2025 and were signed on its behalf by:




M A J Henry FCCA - Director M O Sunter FCA - Director




M Heys FCCA ACA - Director


AINSWORTHS LIMITED (REGISTERED NUMBER: 05215652)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024


1. STATUTORY INFORMATION

Ainsworths 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.

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 represents invoices raised for services provided net of value added tax together with amounts recoverable under contracts valued at selling price.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty five 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.
Land and buildings - 2% on cost
Plant and machinery etc - 20% on cost and 12.5% on cost

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

AINSWORTHS LIMITED (REGISTERED NUMBER: 05215652)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2023 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2023
and 30th April 2024 1,000,000
AMORTISATION
At 1st May 2023 290,056
Charge for year 40,008
At 30th April 2024 330,064
NET BOOK VALUE
At 30th April 2024 669,936
At 30th April 2023 709,944

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st May 2023 250,635 220,543 471,178
Additions - 507 507
At 30th April 2024 250,635 221,050 471,685
DEPRECIATION
At 1st May 2023 - 205,920 205,920
Charge for year 5,016 6,927 11,943
At 30th April 2024 5,016 212,847 217,863
NET BOOK VALUE
At 30th April 2024 245,619 8,203 253,822
At 30th April 2023 250,635 14,623 265,258

AINSWORTHS LIMITED (REGISTERED NUMBER: 05215652)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 322,981 163,093
Other debtors 280,402 560,918
603,383 724,011

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 274,588 326,283
Hire purchase contracts 1,218 1,218
Trade creditors 25,119 42,144
Taxation and social security 174,615 168,471
Other creditors 231,495 259,951
707,035 798,067

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 10,833 20,833
Other creditors 188,610 255,567
199,443 276,400

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank overdrafts 264,588 316,283
Hire purchase contracts 1,218 1,218
265,806 317,501

AINSWORTHS LIMITED (REGISTERED NUMBER: 05215652)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th April 2024 and 30th April 2023:

30.4.24 30.4.23
£    £   
M A J Henry FCCA
Balance outstanding at start of year 54,530 40,261
Amounts advanced 56,164 89,683
Amounts repaid (78,522 ) (75,414 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,172 54,530

Directors' loan are unsecured, interest free and repayable on demand.