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Registered number: 01424650
Ashdown.Co.UK. Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Oakley Accounting Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01424650
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 5,663 10,133
5,663 10,133
CURRENT ASSETS
Stocks 6 2,500 2,500
Debtors 7 7,859 11,090
Cash at bank and in hand 143,134 200,891
153,493 214,481
Creditors: Amounts Falling Due Within One Year 8 (62,745 ) (74,860 )
NET CURRENT ASSETS (LIABILITIES) 90,748 139,621
TOTAL ASSETS LESS CURRENT LIABILITIES 96,411 149,754
NET ASSETS 96,411 149,754
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Revaluation reserve 10 (4,000 ) -
Profit and Loss Account 99,411 148,754
SHAREHOLDERS' FUNDS 96,411 149,754
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For the year ending 31 May 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr David King
Director
10/01/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ashdown.Co.UK. Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01424650 . The registered office is 20-22 Wenlock Road, London, N1 7GU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of .... years.
2.4. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Fair value - annual assessment
Plant & Machinery 40% Straight Line
Fixtures & Fittings 10% Reducing Balance
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 8)
8 8
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4. Intangible Assets
Goodwill Intellectual Property Total
£ £ £
Cost
As at 1 June 2023 14,000 176,407 190,407
As at 31 May 2024 14,000 176,407 190,407
Amortisation
As at 1 June 2023 14,000 176,407 190,407
As at 31 May 2024 14,000 176,407 190,407
Net Book Value
As at 31 May 2024 - - -
As at 1 June 2023 - - -
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Fixtures & Fittings Total
£ £ £ £
Cost or Valuation
As at 1 June 2023 8,000 90,301 9,631 107,932
Additions - 973 - 973
Revaluation (4,000 ) - - (4,000 )
As at 31 May 2024 4,000 91,274 9,631 104,905
Depreciation
As at 1 June 2023 - 89,186 8,613 97,799
Provided during the period - 1,338 105 1,443
As at 31 May 2024 - 90,524 8,718 99,242
Net Book Value
As at 31 May 2024 4,000 750 913 5,663
As at 1 June 2023 8,000 1,115 1,018 10,133
6. Stocks
2024 2023
£ £
Finished goods 2,500 2,500
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,813 8,649
Other debtors 1,046 2,441
7,859 11,090
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8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 10,666 22,899
Other creditors 49,022 47,818
Taxation and social security 3,057 4,143
62,745 74,860
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1,000 1,000
10. Reserves
Revaluation Reserve
£
Deficit on revaluation (4,000)
As at 31 May 2024 (4,000 )
Page 5