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REGISTERED NUMBER: 03803567 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 AUGUST 2024

FOR

ASHBOURNE MANAGEMENT
SERVICES LIMITED

ASHBOURNE MANAGEMENT
SERVICES LIMITED (REGISTERED NUMBER: 03803567)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASHBOURNE MANAGEMENT
SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 AUGUST 2024







DIRECTORS: J N Clayton-Wright
D Clayton-Wright





REGISTERED OFFICE: Charter House
161 Newhall Street
Birmingham
West Midlands
B3 1SW





REGISTERED NUMBER: 03803567 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
161 Newhall Street
Birmingham
B3 1SW

ASHBOURNE MANAGEMENT
SERVICES LIMITED (REGISTERED NUMBER: 03803567)

BALANCE SHEET
28 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 37,282 96,103
Tangible assets 5 1,537,472 1,117,091
Investments 6 10,089 10,089
1,584,843 1,223,283

CURRENT ASSETS
Debtors 7 610,966 519,860
Cash at bank 327,101 201,733
938,067 721,593
CREDITORS
Amounts falling due within one year 8 597,744 458,638
NET CURRENT ASSETS 340,323 262,955
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,925,166

1,486,238

PROVISIONS FOR LIABILITIES 70,601 65,443
NET ASSETS 1,854,565 1,420,795

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,854,563 1,420,793
SHAREHOLDERS' FUNDS 1,854,565 1,420,795

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ASHBOURNE MANAGEMENT
SERVICES LIMITED (REGISTERED NUMBER: 03803567)

BALANCE SHEET - continued
28 AUGUST 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 March 2025 and were signed on its behalf by:





J N Clayton-Wright - Director


ASHBOURNE MANAGEMENT
SERVICES LIMITED (REGISTERED NUMBER: 03803567)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 AUGUST 2024


1. STATUTORY INFORMATION

Ashbourne Management Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Business premises - 2.5% on cost
Improvements to property - 2.5% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33.33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


ASHBOURNE MANAGEMENT
SERVICES LIMITED (REGISTERED NUMBER: 03803567)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 AUGUST 2024


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

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 43 (2023 - 34 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 29 August 2023 413,235
Additions 1,939
At 28 August 2024 415,174
AMORTISATION
At 29 August 2023 317,132
Charge for year 60,760
At 28 August 2024 377,892
NET BOOK VALUE
At 28 August 2024 37,282
At 28 August 2023 96,103

ASHBOURNE MANAGEMENT
SERVICES LIMITED (REGISTERED NUMBER: 03803567)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 AUGUST 2024


5. TANGIBLE FIXED ASSETS
Improvements
Business to Plant and
premises property machinery
£    £    £   
COST
At 29 August 2023 691,602 483,431 54,638
Additions 429,070 - -
At 28 August 2024 1,120,672 483,431 54,638
DEPRECIATION
At 29 August 2023 133,608 142,474 25,376
Charge for year 21,675 12,086 6,675
At 28 August 2024 155,283 154,560 32,051
NET BOOK VALUE
At 28 August 2024 965,389 328,871 22,587
At 28 August 2023 557,994 340,957 29,262

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 29 August 2023 221,889 552,668 2,004,228
Additions 29,466 93,162 551,698
At 28 August 2024 251,355 645,830 2,555,926
DEPRECIATION
At 29 August 2023 137,376 448,303 887,137
Charge for year 27,203 63,678 131,317
At 28 August 2024 164,579 511,981 1,018,454
NET BOOK VALUE
At 28 August 2024 86,776 133,849 1,537,472
At 28 August 2023 84,513 104,365 1,117,091

ASHBOURNE MANAGEMENT
SERVICES LIMITED (REGISTERED NUMBER: 03803567)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 AUGUST 2024


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 29 August 2023
and 28 August 2024 10,089
NET BOOK VALUE
At 28 August 2024 10,089
At 28 August 2023 10,089

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 610,966 519,860

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 239,768 146,704
Taxation and social security 298,506 261,824
Other creditors 59,470 50,110
597,744 458,638

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 129,802 23,791
Between one and five years 102,545 15,945
232,347 39,736

ASHBOURNE MANAGEMENT
SERVICES LIMITED (REGISTERED NUMBER: 03803567)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 AUGUST 2024


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 August 2024 and 28 August 2023:

2024 2023
£    £   
J N Clayton-Wright and D Clayton-Wright
Balance outstanding at start of year 407,626 169,436
Amounts advanced 521,624 452,070
Amounts repaid (493,228 ) (213,880 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 436,022 407,626

This balance is included within other debtors.