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REGISTERED NUMBER: 12764492 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Ashstone MEP Ltd

Ashstone MEP Ltd (Registered number: 12764492)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ashstone MEP Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr L Butler
Mr N M Gardiner





REGISTERED OFFICE: Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD





REGISTERED NUMBER: 12764492 (England and Wales)





ACCOUNTANTS: Accsys Accountants Limited
Chartered Accountants
Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

Ashstone MEP Ltd (Registered number: 12764492)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 483 869
Tangible assets 5 11,002 4,563
11,485 5,432

CURRENT ASSETS
Debtors 6 153,910 92,352
Cash at bank 154,813 151,135
308,723 243,487
CREDITORS
Amounts falling due within one year 7 139,601 102,897
NET CURRENT ASSETS 169,122 140,590
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,607

146,022

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 180,507 145,922
180,607 146,022

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.

Ashstone MEP Ltd (Registered number: 12764492)

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.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 January 2025 and were signed on its behalf by:




Mr L Butler - Director



Mr N M Gardiner - Director


Ashstone MEP Ltd (Registered number: 12764492)

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

1. STATUTORY INFORMATION

Ashstone MEP Ltd 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 2020, is being amortised evenly over its estimated useful life of 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 8 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 1,932
AMORTISATION
At 1 August 2023 1,063
Charge for year 386
At 31 July 2024 1,449
NET BOOK VALUE
At 31 July 2024 483
At 31 July 2023 869

Ashstone MEP Ltd (Registered number: 12764492)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2023 1,326 5,116 6,442
Additions - 8,540 8,540
At 31 July 2024 1,326 13,656 14,982
DEPRECIATION
At 1 August 2023 433 1,446 1,879
Charge for year 223 1,878 2,101
At 31 July 2024 656 3,324 3,980
NET BOOK VALUE
At 31 July 2024 670 10,332 11,002
At 31 July 2023 893 3,670 4,563

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 140,640 76,494
Other debtors 13,270 15,858
153,910 92,352

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 10,452 14,423
Taxation and social security 126,146 85,663
Other creditors 3,003 2,811
139,601 102,897