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Company Registration No. 12613140 (England and Wales)
Long Ashton Holdings Limited Unaudited accounts for the year ended 31 May 2024
Long Ashton Holdings Limited Unaudited accounts Contents
Page
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Long Ashton Holdings Limited Company Information for the year ended 31 May 2024
Director
Nicholas John Britton
Company Number
12613140 (England and Wales)
Registered Office
85 GREAT PORTLAND STREET FIRST FLOOR LONDON W1W 7LT ENGLAND
Accountants
Cone Accounting Limited 124 City Road London EC1V 2NX
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Long Ashton Holdings Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
244 
571 
Current assets
Inventories
135,184 
92,123 
Debtors
32,259 
53,959 
Cash at bank and in hand
158,744 
9,506 
326,187 
155,588 
Creditors: amounts falling due within one year
(179,730)
(201,525)
Net current assets/(liabilities)
146,457 
(45,937)
Net assets/(liabilities)
146,701 
(45,366)
Capital and reserves
Called up share capital
180 
155 
Share premium
1,669,695 
1,235,666 
Profit and loss account
(1,523,174)
(1,281,187)
Shareholders' funds
146,701 
(45,366)
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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 January 2025 and were signed on its behalf by
Nicholas John Britton Director Company Registration No. 12613140
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Long Ashton Holdings Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Long Ashton Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 12613140. The registered office is 85 GREAT PORTLAND STREET, FIRST FLOOR, LONDON, W1W 7LT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Foreign exchange
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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.33 % Straight line method
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Long Ashton Holdings Limited Notes to the Accounts for the year ended 31 May 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 June 2023
978 
At 31 May 2024
978 
Depreciation
At 1 June 2023
407 
Charge for the year
327 
At 31 May 2024
734 
Net book value
At 31 May 2024
244 
At 31 May 2023
571 
5
Inventories
2024 
2023 
£ 
£ 
Finished goods
135,184 
92,123 
135,184 
92,123 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
8,656 
2,325 
Trade debtors
22,032 
31,898 
Accrued income and prepayments
1,200 
18,827 
Other debtors
371 
909 
32,259 
53,959 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
8,480 
20,981 
Taxes and social security
729 
3,748 
Other creditors
255 
20,522 
Loans from directors
166,766 
155,439 
Accruals
3,500 
835 
179,730 
201,525 
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Long Ashton Holdings Limited Notes to the Accounts for the year ended 31 May 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
154,890 Ordinary shares of £0.001 each
154.89 
154.89 
24,900 Ordinary shares of £0.001 each
24.90 
- 
179.79 
154.89 
Shares issued during the period:
24,900 Ordinary shares of £0.001 each
24.90 
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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