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REGISTERED NUMBER: 09090416 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th June 2024

for

ASPEN & ASH LIMITED

ASPEN & ASH LIMITED (REGISTERED NUMBER: 09090416)






Contents of the Financial Statements
for the Year Ended 30th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASPEN & ASH LIMITED

Company Information
for the Year Ended 30th June 2024







DIRECTOR: P Randles





REGISTERED OFFICE: 89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ





REGISTERED NUMBER: 09090416 (England and Wales)





ACCOUNTANTS: Graham Martin & Co
Accountants
89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ

ASPEN & ASH LIMITED (REGISTERED NUMBER: 09090416)

Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 41,435 31,311

CURRENT ASSETS
Stocks 23,320 23,320
Debtors 5 127,933 94,366
Cash in hand 837 837
152,090 118,523
CREDITORS
Amounts falling due within one year 6 177,362 117,627
NET CURRENT (LIABILITIES)/ASSETS (25,272 ) 896
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,163

32,207

CREDITORS
Amounts falling due after more than one
year

7

(9,167

)

(19,167

)

PROVISIONS FOR LIABILITIES - (5,949 )
NET ASSETS 6,996 7,091

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 6,995 7,090
6,996 7,091

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ASPEN & ASH LIMITED (REGISTERED NUMBER: 09090416)

Balance Sheet - continued
30th June 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 director and authorised for issue on 7th March 2025 and were signed by:





P Randles - Director


ASPEN & ASH LIMITED (REGISTERED NUMBER: 09090416)

Notes to the Financial Statements
for the Year Ended 30th June 2024

1. STATUTORY INFORMATION

Aspen & Ash Limited 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
At the 30th June 2024 the companies liabilities exceeded its assets by £22,004.00. These accounts have been prepared using the going concern basis as the director does not wish to seek repayment of their directors loan until such time as funds permit

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.
Land and buildings - 20% on cost
Plant and machinery etc - 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 year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

ASPEN & ASH LIMITED (REGISTERED NUMBER: 09090416)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

2. ACCOUNTING POLICIES - continued

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 NIL (2023 - 4 ).

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st July 2023 7,059 139,402 146,461
Additions - 23,936 23,936
At 30th June 2024 7,059 163,338 170,397
DEPRECIATION
At 1st July 2023 7,059 108,091 115,150
Charge for year - 13,812 13,812
At 30th June 2024 7,059 121,903 128,962
NET BOOK VALUE
At 30th June 2024 - 41,435 41,435
At 30th June 2023 - 31,311 31,311

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 39,600 31,266
Other debtors 88,333 63,100
127,933 94,366

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 24,642 24,776
Trade creditors 22,196 18,908
Taxation and social security 9,341 13,479
Other creditors 121,183 60,464
177,362 117,627

ASPEN & ASH LIMITED (REGISTERED NUMBER: 09090416)

Notes to the Financial Statements - continued
for the Year Ended 30th June 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,167 19,167

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th June 2024 and 30th June 2023:

2024 2023
£    £   
J L M Randles
Balance outstanding at start of year - 1,326
Amounts repaid - (1,326 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

P Randles
Balance outstanding at start of year 2,078 2,086
Amounts advanced 9,760 8,209
Amounts repaid (3,661 ) (8,217 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,177 2,078

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P Randles.