Period from 1 January 2024 to
Registration number:
Ashton Bentley Collaboration Spaces Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Financial Statements |
Ashton Bentley Collaboration Spaces Limited
Company Information
Directors |
Mr A W Leedham Mr R N McArdell |
Company secretary |
Michelmores Secretaries Limited |
Registered office |
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Accountants |
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Ashton Bentley Collaboration Spaces Limited
Balance Sheet
30 June 2024
Note |
2024 |
2023 |
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Fixed assets |
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Intangible assets |
- |
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Tangible assets |
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- |
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Current assets |
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Stocks |
- |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
- |
( |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Ashton Bentley Collaboration Spaces Limited
Balance Sheet
30 June 2024
For the financial period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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 and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
......................................... |
Company Registration Number: 08202368
Ashton Bentley Collaboration Spaces Limited
Notes to the Financial Statements
Period from 1 January 2024 to 30 June 2024
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
The principal place of business is:
23, Schooner Park
Schooner Court
Crossways Business Park
Dartford
DA2 6NW
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. There are no material departures from FRS 102.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of Ashton Bentley Collaboration Spaces Limited is considered to be pounds sterling because it is the currency of the primary economic environment in which the company operates.
Ashton Bentley Collaboration Spaces Limited
Notes to the Financial Statements
Period from 1 January 2024 to 30 June 2024
Going concern
On 10 June 2024 the trade and assets of the company were sold. Since then, the Directors have taken steps to commence a new trade within the company. The financial forecasts for the whole group have also been reviewed for a period of at least 12 months from the approval of these financial statements, including those entered into since the period end. The Directors have concluded that these are sufficient to support the going concern status of the company and, as such, the company remains a going concern and the financial statements have been prepared on this basis.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Ashton Bentley Collaboration Spaces Limited
Notes to the Financial Statements
Period from 1 January 2024 to 30 June 2024
Tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Motor vehicles |
25% straight line |
Computer equipment |
33% straight line |
Other equipment |
25% straight line |
Goodwill
Goodwill is amortised over its useful life, which the directors have deemed as 5 years.
Intangible assets
Development expenditure is written off, except where the directors are satisfied as to the technical, commercial and financial viability of individual projects. In such cases, the identifiable expenditure is deferred and amortised over the period during which the company is expected to benefit.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Ashton Bentley Collaboration Spaces Limited
Notes to the Financial Statements
Period from 1 January 2024 to 30 June 2024
Asset class |
Amortisation method and rate |
Trademarks, patents and licenses |
3 - 5 years straight line |
Software development costs |
3 years straight line |
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Financial instruments
Classification
Recognition and measurement
The company holds the following financial instruments:
• Bank loans and borrowings;
• Short term trade debtors and creditors; and
• Group balances
All of the financial instruments of the company are considered to be basic financial instruments. Such instruments are initially measured at transaction price, including transaction costs. Those instruments considered current are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Ashton Bentley Collaboration Spaces Limited
Notes to the Financial Statements
Period from 1 January 2024 to 30 June 2024
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Intangible assets |
Goodwill |
Software development costs |
Total |
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Cost or valuation |
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At 1 January 2024 |
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Additions acquired separately |
- |
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Disposals |
( |
( |
( |
At 30 June 2024 |
- |
- |
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Amortisation |
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At 1 January 2024 |
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Amortisation charge |
- |
( |
( |
Amortisation eliminated on disposals |
( |
( |
( |
At 30 June 2024 |
- |
- |
- |
Carrying amount |
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At 30 June 2024 |
- |
- |
- |
At 31 December 2023 |
- |
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Ashton Bentley Collaboration Spaces Limited
Notes to the Financial Statements
Period from 1 January 2024 to 30 June 2024
Tangible assets |
Land and buildings |
Furniture, fittings and equipment |
Motor vehicles |
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Cost or valuation |
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At 1 January 2024 |
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Additions |
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- |
- |
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Disposals |
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( |
( |
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At 30 June 2024 |
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- |
- |
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Depreciation |
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At 1 January 2024 |
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Eliminated on disposal |
( |
( |
( |
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At 30 June 2024 |
- |
- |
- |
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Carrying amount |
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At 30 June 2024 |
- |
- |
- |
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At 31 December 2023 |
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- |
Other property, plant and equipment |
Total |
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Cost or valuation |
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At 1 January 2024 |
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Additions |
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Disposals |
( |
( |
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At 30 June 2024 |
- |
- |
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Depreciation |
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At 1 January 2024 |
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Eliminated on disposal |
( |
( |
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At 30 June 2024 |
- |
- |
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Carrying amount |
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At 30 June 2024 |
- |
- |
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At 31 December 2023 |
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Included within the net book value of land and buildings above is £Nil (2023 - £87,166) in respect of long leasehold land and buildings.
Ashton Bentley Collaboration Spaces Limited
Notes to the Financial Statements
Period from 1 January 2024 to 30 June 2024
Stocks |
2024 |
2023 |
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Other inventories |
- |
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Debtors |
Note |
2024 |
2023 |
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Trade debtors |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Prepayments |
- |
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Other debtors |
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Other debtors include corporation tax receivable of £72,200 (2023: £149,904).
Ashton Bentley Collaboration Spaces Limited
Notes to the Financial Statements
Period from 1 January 2024 to 30 June 2024
Creditors |
Creditors: amounts falling due within one year
Note |
2024 |
2023 |
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Due within one year |
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Loans and borrowings |
- |
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Trade creditors |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £Nil (2023: £201,767).
Creditors: amounts falling due after more than one year
Note |
2024 |
2023 |
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Due after one year |
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Loans and borrowings |
- |
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Ashton Bentley Collaboration Spaces Limited
Notes to the Financial Statements
Period from 1 January 2024 to 30 June 2024
Parent and ultimate parent undertaking |
The company's immediate parent is
Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
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No. |
£ |
No. |
£ |
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100 |
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100 |