Ascent Industries Limited 07731403 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is the sale of light aircraft. Digita Accounts Production Advanced 6.30.9574.0 true 07731403 2024-01-01 2024-12-31 07731403 2024-12-31 07731403 bus:Director4 1 2024-12-31 07731403 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 07731403 bus:Micro-entities 2024-01-01 2024-12-31 07731403 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 07731403 bus:FilletedAccounts 2024-01-01 2024-12-31 07731403 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07731403 bus:RegisteredOffice 2024-01-01 2024-12-31 07731403 bus:Director4 2024-01-01 2024-12-31 07731403 bus:Director4 1 2024-01-01 2024-12-31 07731403 bus:Director6 2024-01-01 2024-12-31 07731403 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07731403 bus:Agent1 2024-01-01 2024-12-31 07731403 countries:EnglandWales 2024-01-01 2024-12-31 07731403 bus:Director4 1 2023-12-31 07731403 2023-01-01 2023-12-31 07731403 2023-12-31 07731403 bus:Director4 1 2023-12-31 07731403 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 07731403 bus:Director4 1 2023-01-01 2023-12-31 07731403 bus:Director4 1 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 07731403

Ascent Industries Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2024

 

Ascent Industries Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 6

Notes to the Unaudited Financial Statements

4

 

Ascent Industries Limited

Company Information

Directors

Mr R M Cornwell

Mrs S L Cornwell

Registered office

Cornerstone House
Midland Way
Thornbury
Bristol
BS35 2BS

Accountants

Burton Sweet
Chartered Certified Accountants
Cornerstone House
Midland Way
Thornbury
Bristol
BS35 2BS

 

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Ascent Industries Limited
for the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ascent Industries Limited for the year ended 31 December 2024 as set out on pages 3 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Ascent Industries Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Ascent Industries Limited and state those matters that we have agreed to state to the Board of Directors of Ascent Industries Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ascent Industries Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Ascent Industries Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Ascent Industries Limited. You consider that Ascent Industries Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Ascent Industries Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Burton Sweet
Chartered Certified Accountants
Cornerstone House
Midland Way
Thornbury
Bristol
BS35 2BS

27 February 2025

 

Ascent Industries Limited

(Registration number: 07731403)
Balance Sheet as at 31 December 2024

2024
£

2023
£

Fixed assets

39,612

50,323

Current assets

140,260

150,291

Prepayments and accrued income

341,963

138,877

Creditors: Amounts falling due within one year

(57,931)

(33,210)

Net current assets

424,292

255,958

Total assets less current liabilities

463,904

306,281

Accruals and deferred income

(366,897)

(235,183)

 

97,007

71,098

Capital and reserves

97,007

71,098

 

Ascent Industries Limited

(Registration number: 07731403)
Balance Sheet as at 31 December 2024

1

General information

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

The address of its registered office is:
Cornerstone House
Midland Way
Thornbury
Bristol
BS35 2BS
England

These financial statements were authorised for issue by the Board on 27 February 2025.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

3

Related party transactions

Transactions with directors

2024

At 1 January 2024
£

Advances to director
£

Repayments by director
£

At 31 December 2024
£

Directors Loan

8,637

(8,847)

1,040

830

         
       

 

 

Ascent Industries Limited

(Registration number: 07731403)
Balance Sheet as at 31 December 2024

2023

At 1 January 2023
£

Advances to director
£

Repayments by director
£

At 31 December 2023
£

Directors Loan

7,238

47,194

(45,795)

8,637

         
       

 

 

Ascent Industries Limited

(Registration number: 07731403)
Balance Sheet as at 31 December 2024

For the financial year ending 31 December 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 in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 27 February 2025 and signed on its behalf by:
 

.........................................
Mr R M Cornwell
Director

.........................................
Mrs S L Cornwell
Director