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REGISTERED NUMBER: 02240932 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

AINSWORTH HURST LIMITED

AINSWORTH HURST LIMITED (REGISTERED NUMBER: 02240932)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AINSWORTH HURST LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Martin Ainsworth
David Mark Hurst



SECRETARY: Martin Ainsworth



REGISTERED OFFICE: Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH



REGISTERED NUMBER: 02240932 (England and Wales)



ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH



BANKERS: NatWest Bank plc
35 Fishergate
Preston
Lancashire
PR1 2AD



SOLICITORS: Harrison Drury
1A Chapel Street
Winckley Square
Preston
Lancashire
PR1 8BU

AINSWORTH HURST LIMITED (REGISTERED NUMBER: 02240932)

BALANCE SHEET
30 APRIL 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 16,000 24,000
Tangible assets 5 14,967 9,447
30,967 33,447

CURRENT ASSETS
Debtors 6 108,866 91,841
Cash at bank and in hand 375,350 307,398
484,216 399,239
CREDITORS
Amounts falling due within one year 7 233,876 223,045
NET CURRENT ASSETS 250,340 176,194
TOTAL ASSETS LESS CURRENT
LIABILITIES

281,307

209,641

PROVISIONS FOR LIABILITIES 9 3,458 2,060
NET ASSETS 277,849 207,581

CAPITAL AND RESERVES
Called up share capital 10 26,668 26,668
Share premium 11 6,667 6,667
Capital redemption reserve 11 23,332 23,332
Retained earnings 11 221,182 150,914
SHAREHOLDERS' FUNDS 277,849 207,581

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

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

AINSWORTH HURST LIMITED (REGISTERED NUMBER: 02240932)

BALANCE SHEET - continued
30 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 22 January 2025 and were signed on its behalf by:




Martin Ainsworth - Director



David Mark Hurst - Director


AINSWORTH HURST LIMITED (REGISTERED NUMBER: 02240932)

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

1. STATUTORY INFORMATION

Ainsworth Hurst 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of Creditors due within one year.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1991, was amortised evenly over its estimated useful life of ten 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.
Fixtures and fittings - 33% on reducing balance
Computer equipment - 25% on cost

Fixed assets are initially recorded at cost and are stated in the accounts at cost less accumulated depreciation.

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.


AINSWORTH HURST LIMITED (REGISTERED NUMBER: 02240932)

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

2. ACCOUNTING POLICIES - continued
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.

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.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Government grants
Government grants are amounts received by the company under the Coronavirus Job Retention Scheme and other local council schemes providing support due to the pandemic.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 65,553
AMORTISATION
At 1 May 2023 41,553
Charge for year 8,000
At 30 April 2024 49,553
NET BOOK VALUE
At 30 April 2024 16,000
At 30 April 2023 24,000

AINSWORTH HURST LIMITED (REGISTERED NUMBER: 02240932)

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

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 19,505 32,588 63,687 115,780
Additions 1,630 4,904 4,213 10,747
At 30 April 2024 21,135 37,492 67,900 126,527
DEPRECIATION
At 1 May 2023 19,505 30,861 55,967 106,333
Charge for year 6 838 4,383 5,227
At 30 April 2024 19,511 31,699 60,350 111,560
NET BOOK VALUE
At 30 April 2024 1,624 5,793 7,550 14,967
At 30 April 2023 - 1,727 7,720 9,447

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 17,478 12,351
Amounts recoverable on contract 21,578 13,700
Other debtors 44,839 35,433
Prepayments 24,971 30,357
108,866 91,841

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade creditors 2,097 -
Tax 69,747 49,647
VAT 12,917 19,786
Other creditors 76,298 76,434
Directors' current accounts 48,578 14,171
Accrued expenses 24,239 63,007
233,876 223,045

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30/4/24 30/4/23
£    £   
Within one year 20,675 11,634
Between one and five years 22,504 22,299
43,179 33,933

AINSWORTH HURST LIMITED (REGISTERED NUMBER: 02240932)

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

9. PROVISIONS FOR LIABILITIES
30/4/24 30/4/23
£    £   
Deferred tax 3,458 2,060

Deferred
tax
£   
Balance at 1 May 2023 2,060
Charge to Income Statement during year 1,398
Balance at 30 April 2024 3,458

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/4/24 30/4/23
value: £    £   
26,668 Ordinary £1 26,668 26,668

11. RESERVES
Capital
Retained Share redemption
earnings premium reserve Totals
£    £    £    £   

At 1 May 2023 150,914 6,667 23,332 180,913
Profit for the year 202,268 202,268
Dividends (132,000 ) (132,000 )
At 30 April 2024 221,182 6,667 23,332 251,181

12. RELATED PARTY DISCLOSURES

The company is controlled by the directors by way of their shareholdings.

The directors, David Mark Hurst and Martin Ainsworth, are also directors of Brockhall Holdings Limited, a company registered in England and Wales. Both directors control one half of the issued share capital of Brockhall Holdings Limited.Included in other debtors is £44,839 owed by Brockhall Holdings Limited (2023: £35,399). The loan in unsecured and free of interest.

Brockhall Village Limited is a wholly owned subsidiary of Brockhall Holdings Limited. During the year various monies have been loaned between Ainsworth Hurst Limited and Brockhall Village Limited and included in other creditors as at 30th April 2024 is an amount due to Brockhall Village Limited of £69,658 (2023: £69,793).

13. ULTIMATE CONTROLLING PARTY

The company is under the control of its directors Mr M Ainsworth and Mr D M Hurst by virtue of their 100% holding of the company's issued share capital.