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Registered number: 01895814
Ashridge Interiors Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Focal Business Group Limited
Chartered Institue of Management Accountants
4A Church Street
Market Harborough
Leicestershire
LE16 7AA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01895814
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 86,239 57,381
86,239 57,381
CURRENT ASSETS
Stocks 5 8,575 9,120
Debtors 6 186,410 218,623
Cash at bank and in hand 3,085 4,964
198,070 232,707
Creditors: Amounts Falling Due Within One Year 7 (205,871 ) (188,166 )
NET CURRENT ASSETS (LIABILITIES) (7,801 ) 44,541
TOTAL ASSETS LESS CURRENT LIABILITIES 78,438 101,922
Creditors: Amounts Falling Due After More Than One Year 8 (77,626 ) (101,836 )
NET ASSETS 812 86
CAPITAL AND RESERVES
Called up share capital 103 103
Other reserves (5,000 ) (5,000 )
Profit and Loss Account 5,709 4,983
SHAREHOLDERS' FUNDS 812 86
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Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Lee Baker
Director
18 March 2025
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Ashridge Interiors Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01895814 . The registered office is Unit 33 Hillgrove Business Park, Nazeing Road, Waltham Abbey, Essex, EN9 2HB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance method
Motor Vehicles 25% on reducing balance method
Fixtures & Fittings 20% on reducing balance method
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts 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 the 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.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
For a defined benefit scheme, the liability recorded in the balance sheet is the present value of the defined
obligation at that date. The defined benefit obligation is calculated on an annual basis by independent
actuaries.

Actuarial gains and losses are recognised in full in the period in which they occur and are shown in
Other Comprehensive Income.

Current and past service costs, along with settlements or curtailments, are charged to the Income
Statement. Interest on pension plan liabilities are recognised within finance expense.
2.8. Provisions
Provisions are recognised when the Company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation taking into account the risks and uncertainties surrounding the obligation.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 4)
5 4
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4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 July 2023 14,205 109,368 10,009 133,582
Additions - 53,875 3,395 57,270
As at 30 June 2024 14,205 163,243 13,404 190,852
Depreciation
As at 1 July 2023 10,658 57,130 8,413 76,201
Provided during the period 887 26,528 997 28,412
As at 30 June 2024 11,545 83,658 9,410 104,613
Net Book Value
As at 30 June 2024 2,660 79,585 3,994 86,239
As at 1 July 2023 3,547 52,238 1,596 57,381
5. Stocks
2024 2023
£ £
Stock 8,575 9,120
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 100,929 104,542
Other debtors 85,481 114,081
186,410 218,623
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 21,749 10,450
Trade creditors 57,075 79,500
Bank loans and overdrafts 47,500 47,500
Other creditors 26,026 23,570
Taxation and social security 53,521 27,146
205,871 188,166
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8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 49,502 26,211
Bank loans 28,124 75,625
77,626 101,836
9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 21,749 10,450
Later than one year and not later than five years 49,502 26,211
71,251 36,661
71,251 36,661
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Lee Baker 101,660 121,670 140,622 - 82,708
The above loan is unsecured, interest free and repayable on demand.
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