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REGISTERED NUMBER: 09652450 (England and Wales)















Ashby & Horner Limited

Unaudited Financial Statements

for the Year Ended 31 July 2024






Ashby & Horner Limited (Registered number: 09652450)

Contents of the Financial Statements
for the year ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ashby & Horner Limited

Company Information
for the year ended 31 July 2024







Director: S G Hurford





Registered office: 3 Castle Gate
Castle Street
Hertford
Hertfordshire
SG14 1HD





Registered number: 09652450 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Ashby & Horner Limited (Registered number: 09652450)

Balance Sheet
31 July 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 24,678 5,837

Current assets
Stocks 1,755 1,295
Debtors 5 32,538 54,352
Cash at bank 183,850 104,589
218,143 160,236
Creditors
Amounts falling due within one year 6 223,375 159,572
Net current (liabilities)/assets (5,232 ) 664
Total assets less current liabilities 19,446 6,501

Creditors
Amounts falling due after more than one
year

7

12,945

-
Net assets 6,501 6,501

Capital and reserves
Called up share capital 100 100
Retained earnings 6,401 6,401
6,501 6,501

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

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

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 director and authorised for issue on 4 March 2025 and were signed by:





S G Hurford - Director


Ashby & Horner Limited (Registered number: 09652450)

Notes to the Financial Statements
for the year ended 31 July 2024


1. Statutory information

Ashby & Horner 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
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.

Going Concern
The financial statements have been prepared on the going concern basis, as the directors believe that the Company will continue to have support from the Parent to enable it to continue to operate as a going concern and they will not request repayment within 12 months of the date of the report.

Accordingly, the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Plant and machinery - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

Ashby & Horner Limited (Registered number: 09652450)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


2. Accounting policies - continued

Financial instruments
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised cost using the
effective interest method 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. Financial
assets classified as receivable within one year are not amortised.

Impairment of financial assets
Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of
impairment at the balance sheet date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that
occurred after the initial recognition of the financial asset, the estimated future cash flows have been
affected. 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 is recognised in profit or loss

If there is a decrease in the impairment loss arising from an event occurring after the impairment was
recognised, the impairment is reversed. The reversal is such that the current carrying amount does not
exceed what the carrying amount would have been, had the impairment not previously been recognised.
The impairment reversal is recognised in profit or loss.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual
arrangements entered into. An equity instrument is any contract that evidences a residual interest in the
assets of the group after deducting all of its liabilities.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group
companies 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.

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

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course
of business from suppliers. Accounts payable are classified as current liabilities if payment is due within
one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Leasing and hire purchases
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets.
Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives.
Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where
substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such
agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

3. Employees and directors

The average number of employees during the year was 27 (2023 - 19 ) .

Ashby & Horner Limited (Registered number: 09652450)

Notes to the Financial Statements - continued
for the year ended 31 July 2024


4. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£ £ £ £
Cost
At 1 August 2023 5,150 48,743 641 54,534
Additions - 23,571 - 23,571
Disposals - (27,278 ) - (27,278 )
At 31 July 2024 5,150 45,036 641 50,827
Depreciation
At 1 August 2023 5,150 42,906 641 48,697
Charge for year - 3,688 - 3,688
Eliminated on disposal - (26,236 ) - (26,236 )
At 31 July 2024 5,150 20,358 641 26,149
Net book value
At 31 July 2024 - 24,678 - 24,678
At 31 July 2023 - 5,837 - 5,837

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 28,988 47,551
Other debtors 3,550 6,801
32,538 54,352

6. Creditors: amounts falling due within one year
2024 2023
£ £
Hire purchase contracts (see note 8) 7,191 -
Trade creditors 1,850 8,892
Amounts owed to group undertakings 143,783 94,908
Taxation and social security 69,200 54,923
Other creditors 1,351 849
223,375 159,572

7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Hire purchase contracts (see note 8) 12,945 -

8. Leasing agreements

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£ £
Net obligations repayable:
Within one year 7,191 -
Between one and five years 12,945 -
20,136 -