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REGISTERED NUMBER: 14661092 (England and Wales)















FINANCIAL STATEMENTS FOR THE PERIOD 14 FEBRUARY 2023 TO 31 MARCH 2024

FOR

LONG ASHTON SHOE COMPANY LTD

LONG ASHTON SHOE COMPANY LTD (REGISTERED NUMBER: 14661092)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 14 FEBRUARY 2023 TO 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LONG ASHTON SHOE COMPANY LTD

COMPANY INFORMATION
for the Period 14 FEBRUARY 2023 TO 31 MARCH 2024







DIRECTORS: P C Dury
M Dury
Mrs E E Dury





REGISTERED OFFICE: 3 Lyons Court
Long Ashton Business Park
Bristol
North Somerset
BS41 9LB





REGISTERED NUMBER: 14661092 (England and Wales)





ACCOUNTANTS: Burnside
Chartered Accountants
and Statutory Auditor
61 Queen Square
Bristol
BS1 4JZ

LONG ASHTON SHOE COMPANY LTD (REGISTERED NUMBER: 14661092)

BALANCE SHEET
31 MARCH 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 1,026

CURRENT ASSETS
Stocks 5 38,302
Debtors 6 36,072
Cash at bank 16,026
90,400
CREDITORS
Amounts falling due within one year 7 130,373
NET CURRENT LIABILITIES (39,973 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(38,947

)

CAPITAL AND RESERVES
Called up share capital 9 3
Retained earnings (38,950 )
SHAREHOLDERS' FUNDS (38,947 )

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

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

LONG ASHTON SHOE COMPANY LTD (REGISTERED NUMBER: 14661092)

BALANCE SHEET - continued
31 MARCH 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 11 February 2025 and were signed on its behalf by:





M Dury - Director


LONG ASHTON SHOE COMPANY LTD (REGISTERED NUMBER: 14661092)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 14 FEBRUARY 2023 TO 31 MARCH 2024

1. STATUTORY INFORMATION

Long Ashton Shoe Company 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 period 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.

LONG ASHTON SHOE COMPANY LTD (REGISTERED NUMBER: 14661092)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 14 FEBRUARY 2023 TO 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

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.

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.

Financial instruments
Financial assets and liabilities are recognised in the balance sheet when the company becomes party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and are measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company may not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are an integral part of the company's cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of any direct issue costs.

Going concern
The directors have reviewed the going concern status of the business and have concluded that they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. This includes confirmation from the directors that The Dury Partnership, a business operated by the directors will not demand repayment of monies owed to it by the company until funds allow. The directors have therefore adopted the going concern basis of accounting in preparing these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 .

LONG ASHTON SHOE COMPANY LTD (REGISTERED NUMBER: 14661092)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 14 FEBRUARY 2023 TO 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
Additions 1,283
At 31 March 2024 1,283
DEPRECIATION
Charge for period 257
At 31 March 2024 257
NET BOOK VALUE
At 31 March 2024 1,026

5. STOCKS
£   
Stocks 38,302

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 19,216
Directors' current accounts 7,728
Deferred tax asset 9,128
36,072

Deferred tax asset
£   
Accelerated capital allowances (195 )
Tax losses carried forward 9,301
Other timing differences 22
9,128

LONG ASHTON SHOE COMPANY LTD (REGISTERED NUMBER: 14661092)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 14 FEBRUARY 2023 TO 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 17,020
Trade creditors 3,544
Social security and other taxes 6,808
VAT 34,667
Other creditors 63,782
Directors' current accounts 1,267
Accruals and deferred income 3,285
130,373

8. DEFERRED TAX
£   
Credit to Income Statement during period (9,128 )
Balance at 31 March 2024 (9,128 )

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
3 Ordinary £1 3

3 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

10. RELATED PARTY DISCLOSURES

At 31 March 2024 the company was owed £7,728 from the director Mr P Dury in respect of monies advanced and repaid during the period. No interest was charged on this loan and it was fully repaid post year end.

At 31 March 2024 the company owed the director Mr M Dury a total of £268 in respect of monies advanced and repaid during the period.

At 31 March 2024 the company owed the director Mrs E Dury a total of £999 in respect of monies advanced and repaid during the period.

During the period the company paid management charges of £4,737, motor expenses of £4,550, royalties of £5,349 and hire charges of £1,134 to The Dury Partnership, a business in which all 3 directors are Partners. In addition, the company acquired stock from The Dury Partnership for £54,660.

At 31 March 2024 the company owed £1,321 to The Dury Partnership, which is included within Trade Creditors and £62,477 in the form of a loan included within other creditors.

LONG ASHTON SHOE COMPANY LTD (REGISTERED NUMBER: 14661092)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 14 FEBRUARY 2023 TO 31 MARCH 2024

11. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors Mr P Dury, Mr M Dury & Mrs E Dury by virtue of their majority shareholding.