1 1 Ascent NLP Ltd. SC228266 false 2023-08-01 2024-07-31 2024-07-31 The principal activity of the company is that of coaching, training, events and facilitation. The company ceased trading on 30 April 2024. Digita Accounts Production Advanced 6.30.9574.0 true true SC228266 2023-08-01 2024-07-31 SC228266 2024-07-31 SC228266 core:RetainedEarningsAccumulatedLosses 2024-07-31 SC228266 core:ShareCapital 2024-07-31 SC228266 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 SC228266 core:MotorVehicles 2024-07-31 SC228266 core:PlantMachinery 2024-07-31 SC228266 bus:SmallEntities 2023-08-01 2024-07-31 SC228266 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 SC228266 bus:FilletedAccounts 2023-08-01 2024-07-31 SC228266 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 SC228266 bus:RegisteredOffice 2023-08-01 2024-07-31 SC228266 bus:Director1 2023-08-01 2024-07-31 SC228266 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 SC228266 core:MotorVehicles 2023-08-01 2024-07-31 SC228266 core:PlantMachinery 2023-08-01 2024-07-31 SC228266 countries:Scotland 2023-08-01 2024-07-31 SC228266 2023-07-31 SC228266 core:MotorVehicles 2023-07-31 SC228266 core:PlantMachinery 2023-07-31 SC228266 2022-08-01 2023-07-31 SC228266 2023-07-31 SC228266 core:RetainedEarningsAccumulatedLosses 2023-07-31 SC228266 core:ShareCapital 2023-07-31 SC228266 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 SC228266 core:CurrentFinancialInstruments core:WithinOneYear core:PreviouslyStatedAmount 2023-07-31 SC228266 core:MotorVehicles 2023-07-31 SC228266 core:PlantMachinery 2023-07-31 SC228266 core:PreviouslyStatedAmount 2023-07-31 xbrli:pure iso4217:GBP

Registration number: SC228266

Ascent NLP Ltd.

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Ascent NLP Ltd.

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Ascent NLP Ltd.

(Registration number: SC228266)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

-

627

Current assets

 

Cash at bank and in hand

 

5,786

4,749

Creditors: Amounts falling due within one year

5

(58,290)

(72,316)

Net current liabilities

 

(52,504)

(67,567)

Net liabilities

 

(52,504)

(66,940)

Capital and reserves

 

Called up share capital

2

2

Retained earnings

(52,506)

(66,942)

Shareholders' deficit

 

(52,504)

(66,940)

For the financial year ending 31 July 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 April 2025 and signed on its behalf by:
 

.........................................
M Lawson
Director

 

Ascent NLP Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
23 Kirkfield View
Livingston Village
Livingston
West Lothian
EH54 7BP

2

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The financial statements have been prepared on a going concern basis. The company relies on the continued support of the directors.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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:

 

Ascent NLP Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Asset class

Depreciation method and rate

Plant and machinery

25% reducing balance

Motor vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

 

Ascent NLP Ltd.

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2023

11,311

20,000

31,311

Disposals

(11,311)

(20,000)

(31,311)

At 31 July 2024

-

-

-

Depreciation

At 1 August 2023

10,883

19,801

30,684

Eliminated on disposal

(10,883)

(19,801)

(30,684)

At 31 July 2024

-

-

-

Carrying amount

At 31 July 2024

-

-

-

At 31 July 2023

428

199

627

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Directors loan

57,486

72,075

Other creditors

 

804

241

 

58,290

72,316