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
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
Long Ashton Holdings Limited
Statement of financial position
as at 31 May 2024
Inventories
135,184
92,123
Cash at bank and in hand
158,744
9,506
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)
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
Long Ashton Holdings Limited
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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 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
Long Ashton Holdings Limited
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Computer equipment
Finished goods
135,184
92,123
Amounts falling due within one year
Trade debtors
22,032
31,898
Accrued income and prepayments
1,200
18,827
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
Long Ashton Holdings Limited
Notes to the Accounts
for the year ended 31 May 2024
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
-
Shares issued during the period:
24,900 Ordinary shares of £0.001 each
24.90
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Average number of employees
During the year the average number of employees was 3 (2023: 3).