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REGISTERED NUMBER: 06998592 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2024

for

ASHWELLS NATIONWIDE SERVICES LIMITED

ASHWELLS NATIONWIDE SERVICES LIMITED (REGISTERED NUMBER: 06998592)

Contents of the Financial Statements
for the year ended 31 October 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ASHWELLS NATIONWIDE SERVICES LIMITED

Company Information
for the year ended 31 October 2024







Directors: Mr H Thomson
Mrs T A Thomson





Registered office: 3rd Floor
86 - 90 Paul Street
London
EC2A 4NE





Registered number: 06998592 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

ASHWELLS NATIONWIDE SERVICES LIMITED (REGISTERED NUMBER: 06998592)

Statement of Financial Position
31 October 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 7,980 2,965

Current assets
Stocks 24,000 32,967
Debtors 5 37,130 8,954
Cash at bank 2,311 6,695
63,441 48,616
Creditors
Amounts falling due within one year 6 144,291 142,904
Net current liabilities (80,850 ) (94,288 )
Total assets less current liabilities (72,870 ) (91,323 )

Creditors
Amounts falling due after more than one
year

7

(12,738

)

(15,207

)

Provisions for liabilities 9 (410 ) (563 )
Net liabilities (86,018 ) (107,093 )

Capital and reserves
Called up share capital 10 2 2
Retained earnings (86,020 ) (107,095 )
Shareholders' funds (86,018 ) (107,093 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

ASHWELLS NATIONWIDE SERVICES LIMITED (REGISTERED NUMBER: 06998592)

Statement of Financial Position - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 April 2025 and were signed on its behalf by:





Mr H Thomson - Director


ASHWELLS NATIONWIDE SERVICES LIMITED (REGISTERED NUMBER: 06998592)

Notes to the Financial Statements
for the year ended 31 October 2024


1. Statutory information

Ashwells Nationwide 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.

Although the company has net liabilities of £107,093, the director will continue to support the company and he is confident that the company will be profitable in the future years. The accounts have therefore been prepared on a going concern basis.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Straight line over 10 years
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks and work in progress
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

ASHWELLS NATIONWIDE SERVICES LIMITED (REGISTERED NUMBER: 06998592)

Notes to the Financial Statements - continued
for the year ended 31 October 2024


2. Accounting policies - continued

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 5 (2023 - 5 ) .

4. Tangible fixed assets
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
Cost
At 1 November 2023 24,000 38,274 4,750 67,024
Additions - - 6,490 6,490
Disposals - - (4,750 ) (4,750 )
At 31 October 2024 24,000 38,274 6,490 68,764
Depreciation
At 1 November 2023 24,000 36,107 3,952 64,059
Charge for year - 542 135 677
Eliminated on disposal - - (3,952 ) (3,952 )
At 31 October 2024 24,000 36,649 135 60,784
Net book value
At 31 October 2024 - 1,625 6,355 7,980
At 31 October 2023 - 2,167 798 2,965

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 33,624 500
Other debtors 3,506 8,454
37,130 8,954

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 2,250 2,250
Trade creditors 7,407 1,048
Taxation and social security 12,730 4,889
Other creditors 121,904 134,717
144,291 142,904

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 12,738 15,207

ASHWELLS NATIONWIDE SERVICES LIMITED (REGISTERED NUMBER: 06998592)

Notes to the Financial Statements - continued
for the year ended 31 October 2024


7. Creditors: amounts falling due after more than one year - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,738 6,207

8. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 14,988 17,457

9. Provisions for liabilities
2024 2023
£    £   
Deferred tax 410 563

Deferred
tax
£   
Balance at 1 November 2023 563
Provided during year (153 )
Balance at 31 October 2024 410

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

11. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£    £   
Mr H Thomson
Balance outstanding at start of year (110,363 ) (121,931 )
Amounts advanced 27,723 79,879
Amounts repaid (14,746 ) (68,311 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (97,386 ) (110,363 )

ASHWELLS NATIONWIDE SERVICES LIMITED (REGISTERED NUMBER: 06998592)

Notes to the Financial Statements - continued
for the year ended 31 October 2024


11. Directors' advances, credits and guarantees - continued

Mrs T A Thomson
Balance outstanding at start of year (20,000 ) -
Amounts advanced 250 38,750
Amounts repaid - (58,750 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (19,750 ) (20,000 )