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Registration number: 01660674

Ashtree Vision & Safety Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

Ashtree Vision & Safety Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 7

 

Ashtree Vision & Safety Limited

(Registration number: 01660674)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

           

Fixed assets

   

 

Tangible assets

4

 

1,324,486

 

1,370,103

Current assets

   

 

Stocks

5

1,714,248

 

1,545,619

 

Debtors

6

725,324

 

816,094

 

Cash at bank and in hand

 

5,383,154

 

4,932,873

 

 

7,822,726

 

7,294,586

 

Creditors: Amounts falling due within one year

7

(489,161)

 

(498,873)

 

Net current assets

   

7,333,565

 

6,795,713

Total assets less current liabilities

   

8,658,051

 

8,165,816

Provisions for liabilities

 

(80,000)

 

(91,000)

Net assets

   

8,578,051

 

8,074,816

Capital and reserves

   

 

Called up share capital

9

15,000

 

15,000

 

Revaluation reserve

876,643

 

876,643

 

Retained earnings

7,686,408

 

7,183,173

 

Shareholders' funds

   

8,578,051

 

8,074,816

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 February 2025 and signed on its behalf by:
 

.........................................
Mr A Roper
Director

 

Ashtree Vision & Safety Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Ashtree Works
Brownroyd Street
Bradford
West Yorkshire
BD8 9AF

These financial statements were authorised for issue by the Board on 14 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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 disclosure and presentation requirements of Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's functional and presentation currency is pound sterling.

Revenue recognition

Sales of goods and provision of services
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when the significant risks and rewards of ownership have been transferred to the buyer; the company retains no continuing involvement or control over the goods; the amount of revenue can be measured reliably and it is probable that future economic benefits will flow to the entity.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Ashtree Vision & Safety Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold building

Nil

Plant and machinery

10% straight line basis

Fixtures and fittings

10% straight line basis

Motor vehicles

25% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the weighted average method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Ashtree Vision & Safety Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss and any subsequent reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 30 (2023 - 30).

 

Ashtree Vision & Safety Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4

Tangible assets

Freehold land and buildings
£

Plant and machinery
 £

Fixtures and fittings
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2023

1,000,000

705,278

64,060

80,322

1,849,660

Additions

-

18,935

1,414

-

20,349

Disposals

-

(44,064)

-

-

(44,064)

At 30 November 2024

1,000,000

680,149

65,474

80,322

1,825,945

Depreciation

At 1 December 2023

-

382,642

48,166

48,749

479,557

Charge for the year

-

53,776

4,197

7,993

65,966

Eliminated on disposal

-

(44,064)

-

-

(44,064)

At 30 November 2024

-

392,354

52,363

56,742

501,459

Carrying amount

At 30 November 2024

1,000,000

287,795

13,111

23,580

1,324,486

At 30 November 2023

1,000,000

322,636

15,894

31,573

1,370,103

Revaluation

The fair value of the company's Freehold land and buildings was revalued on 5 August 2021 by an independent valuer. The name and qualification of the independent valuer are Eddisons - MRICS
The directors have assessed the fair value of the freehold land and buildings as at 30 November 2024 to be £1,000,000.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £50,225 (2023 - £55,537).

5

Stocks

2024
£

2023
£

Raw materials and consumables

1,714,248

1,545,619

6

Debtors

Current

2024
£

2023
£

Trade debtors

667,440

741,712

Prepayments

54,466

73,475

Other debtors

3,418

907

 

725,324

816,094

 

Ashtree Vision & Safety Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

11,938

13,512

Trade creditors

 

137,413

111,432

Taxation and social security

 

252,119

289,536

Accruals and deferred income

 

76,365

69,561

Other creditors

 

11,326

14,832

 

489,161

498,873

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

11,938

13,512

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

15,000

15,000

15,000

15,000

       

10

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Later than one year and not later than five years

10,439

-

The amount of non-cancellable operating lease payments recognised as an expense during the year was £844 (2023 - £Nil).

 

Ashtree Vision & Safety Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

11

Related party transactions

Transactions with directors

Expenditure with and payables to related parties

2024

Key management
£

Amounts payable to related party

11,398

2023

Key management
£

Amounts payable to related party

13,512