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REGISTERED NUMBER: 04732532 (England and Wales)















Financial Statements for the Year Ended 31 July 2024

for

Ashworth Treasure Limited

Ashworth Treasure Limited (Registered number: 04732532)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Ashworth Treasure Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr A Cooney
Miss V Reynolds





REGISTERED OFFICE: 19 Park Street
Lytham
Lancashire
FY8 5LU





REGISTERED NUMBER: 04732532 (England and Wales)





ACCOUNTANTS: Ashworth Treasure Limited
Chartered Accountants
17-19 Park Street
Lytham
Lancashire
FY8 5LU

Ashworth Treasure Limited (Registered number: 04732532)

Abridged Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 238,130 254,005
Tangible assets 5 11,969 13,556
250,099 267,561

CURRENT ASSETS
Debtors 474,130 297,650
Cash at bank and in hand 105,148 90,015
579,278 387,665
CREDITORS
Amounts falling due within one year 175,241 204,806
NET CURRENT ASSETS 404,037 182,859
TOTAL ASSETS LESS CURRENT
LIABILITIES

654,136

450,420

CREDITORS
Amounts falling due after more than one
year

(10,293

)

(20,284

)

PROVISIONS FOR LIABILITIES (2,406 ) (2,406 )
NET ASSETS 641,437 427,730

CAPITAL AND RESERVES
Called up share capital 15,000 15,000
Capital redemption reserve 12,500 12,500
Retained earnings 613,937 400,230
641,437 427,730

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Ashworth Treasure Limited (Registered number: 04732532)

Abridged Balance Sheet - continued
31 July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 January 2025 and were signed on its behalf by:





Mr A Cooney - Director


Ashworth Treasure Limited (Registered number: 04732532)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Ashworth Treasure 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty 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.
Plant and machinery etc - 10% 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.

Long term contracts
When the outcome of an individual contract can be foreseen with reasonable certainty and can be estimated reliably, margin is recognised by reference to the stage of completion, based on the lower of the percentage margin earned to date and that prudently forecast at completion. This is after the deduction of any foreseeable losses and applicable payments on account.

Operating profit is stated after attributable profit on long term contracts completed and amounts recoverable on contracts uncompleted, the latter also being included within debtors due within one year.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

Ashworth Treasure Limited (Registered number: 04732532)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023
and 31 July 2024 317,505
AMORTISATION
At 1 August 2023 63,500
Amortisation for year 15,875
At 31 July 2024 79,375
NET BOOK VALUE

At 31 July 2024 238,130
At 31 July 2023 254,005

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023 157,243
Additions 965
At 31 July 2024 158,208
DEPRECIATION
At 1 August 2023 143,687
Charge for year 2,552
At 31 July 2024 146,239
NET BOOK VALUE
At 31 July 2024 11,969
At 31 July 2023 13,556