Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30Property management and development + sales of bespoke motor vehicles2023-10-01false33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05006592 2023-10-01 2024-09-30 05006592 2022-10-01 2023-09-30 05006592 2024-09-30 05006592 2023-09-30 05006592 2022-10-01 05006592 c:Director1 2023-10-01 2024-09-30 05006592 d:ComputerEquipment 2023-10-01 2024-09-30 05006592 d:ComputerEquipment 2024-09-30 05006592 d:ComputerEquipment 2023-09-30 05006592 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 05006592 d:CurrentFinancialInstruments 2024-09-30 05006592 d:CurrentFinancialInstruments 2023-09-30 05006592 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 05006592 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 05006592 d:ShareCapital 2024-09-30 05006592 d:ShareCapital 2023-09-30 05006592 d:ShareCapital 2022-10-01 05006592 d:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 05006592 d:RetainedEarningsAccumulatedLosses 2024-09-30 05006592 d:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 05006592 d:RetainedEarningsAccumulatedLosses 2023-09-30 05006592 d:RetainedEarningsAccumulatedLosses 2022-10-01 05006592 c:FRS102 2023-10-01 2024-09-30 05006592 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 05006592 c:FullAccounts 2023-10-01 2024-09-30 05006592 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05006592 2 2023-10-01 2024-09-30 05006592 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 05006592










JOHN ASHLEY TRADING LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
JOHN ASHLEY TRADING LIMITED
REGISTERED NUMBER:05006592

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
135
329

Current assets
  

Stocks
 5 
19,553
21,953

Debtors: amounts falling due within one year
 6 
302,335
382,126

Cash at bank and in hand
 7 
3,423
9,966

  
325,311
414,045

Creditors: amounts falling due within one year
 8 
(54,323)
(102,851)

Net current assets
  
 
 
270,988
 
 
311,194

  

Net assets
  
271,123
311,523


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
271,023
311,423

  
271,123
311,523


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


Mr J A Harris
Director

Date: 7 March 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 1

 
JOHN ASHLEY TRADING LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 October 2022
100
77,102
77,202


Comprehensive income for the year

Profit for the year
-
284,321
284,321


Contributions by and distributions to owners

Dividends: Equity capital
-
(50,000)
(50,000)



At 1 October 2023
100
311,423
311,523


Comprehensive income for the year

Profit for the year
-
39,600
39,600


Contributions by and distributions to owners

Dividends: Equity capital
-
(80,000)
(80,000)


At 30 September 2024
100
271,023
271,123


The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
JOHN ASHLEY TRADING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

John Ashley Trading Limited is a private company, limited by shares, incorporated in England in the United Kingdom. The address of the registered office is 6th Floor, 2 London Wall Place, London, EC2Y 5AU.

2.Accounting policies

 

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The Company’s functional and presentational currency is GBP, rounded to the nearest £1.

The following principal accounting policies have been applied:

 
2.1

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Page 3

 
JOHN ASHLEY TRADING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.1
Revenue (continued)

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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


 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
JOHN ASHLEY TRADING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.6

Stock

Stocks are valued at the lower of cost and net realisable value after making due allowance of obsolete or slow-moving stocks

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Page 5

 
JOHN ASHLEY TRADING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.10
Financial instruments (continued)

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due within the operating cycle fall into this category of financial instruments.

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 Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

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

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Page 6

 
JOHN ASHLEY TRADING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 October 2023
8,458


Disposals
(4,294)



At 30 September 2024

4,164



Depreciation


At 1 October 2023
8,129


Charge for the year on owned assets
194


Disposals
(4,294)



At 30 September 2024

4,029



Net book value



At 30 September 2024
135



At 30 September 2023
329


5.


Stocks

2024
2023
£
£

Cars (Used)
19,553
21,953


Page 7

 
JOHN ASHLEY TRADING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Debtors

2024
2023
£
£


Other debtors
301,577
379,646

Prepayments and accrued income
758
2,480

302,335
382,126



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
3,423
9,966



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
(191)
153

Corporation tax
9,521
80,675

Other taxation and social security
4,544
5,414

Other creditors
34,149
10,499

Accruals and deferred income
6,300
6,110

54,323
102,851



9.


Controlling party

The Company was under the control of Mr J A Harris, a director, for the current and previous years.

 
Page 8