ASHVILLE TRADING LIMITED

Company Registration Number:
02617491 (England and Wales)

Unaudited statutory accounts for the year ended 31 August 2024

Period of accounts

Start date: 1 September 2023

End date: 31 August 2024

ASHVILLE TRADING LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

ASHVILLE TRADING LIMITED

Directors' report period ended 31 August 2024

The directors present their report with the financial statements of the company for the period ended 31 August 2024

Principal activities of the company

Principal activities The purpose of Ashville Trading Limited is to utilise the facilities and intellectual property of Ashville College in order to enhance lives in the wider community through education and enrichment. At Ashville and around Harrogate many people appreciate the excellent educational and enrichment work that helps pupils thrive at Ashville College. Outside the daily school life, Ashville Trading engages in a variety of activities which open the facilities and opportunity for learning and enjoyment to a much wider audience at home and abroad. These activities not only benefit the participants but Ashville as a whole by raising the profile of the College to support recruitment, particularly of boarders, and raise funding to support investment in College resources. Some also provide personal development opportunities for College staff. Some examples are as follows: For the very youngest Ashville swim schools - vital life skills for children Children's parties in a fun and safe environment Building confidence, teamwork and individuality Introduction to and building skills in a wide range of sports Summer camps - day and residential activities. Promoting Health and Wellbeing Sports centre membership for staff and the public Range of group exercise classes for all abilities On-site access to personal trainers Hosting community and sporting events Auditorium for special events for up to 600 Guest presenters Dance, choral and stage performance groups Book launches



Directors

The directors shown below have held office during the whole of the period from
1 September 2023 to 31 August 2024

James Search
Stephen Andrews
Adrian Precious


The director shown below has held office during the whole of the period from
1 September 2023 to 31 August 2024

J Peter Whiteley


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
22 March 2025

And signed on behalf of the board by:
Name: James Search
Status: Director

ASHVILLE TRADING LIMITED

Profit And Loss Account

for the Period Ended 31 August 2024

2024 2023


£

£
Turnover: 692,657 670,512
Cost of sales: ( 381,101 ) ( 342,714 )
Gross profit(or loss): 311,556 327,798
Administrative expenses: ( 91,194 ) ( 94,972 )
Operating profit(or loss): 220,362 232,826
Profit(or loss) before tax: 220,362 232,826
Profit(or loss) for the financial year: 220,362 232,826

ASHVILLE TRADING LIMITED

Balance sheet

As at 31 August 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 2,308 3,078
Total fixed assets: 2,308 3,078
Current assets
Stocks: 4 307 307
Debtors: 5 140,798 78,631
Cash at bank and in hand: 254,283 272,797
Total current assets: 395,388 351,735
Creditors: amounts falling due within one year: 6 ( 126,137 ) ( 71,045 )
Net current assets (liabilities): 269,251 280,690
Total assets less current liabilities: 271,559 283,768
Total net assets (liabilities): 271,559 283,768
Capital and reserves
Called up share capital: 10,000 10,000
Profit and loss account: 261,559 273,768
Total Shareholders' funds: 271,559 283,768

The notes form part of these financial statements

ASHVILLE TRADING LIMITED

Balance sheet statements

For the year ending 31 August 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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.

This report was approved by the board of directors on 22 March 2025
and signed on behalf of the board by:

Name: James Search
Status: Director

The notes form part of these financial statements

ASHVILLE TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers during the year. Turnover is recognised in the period in which goods and services are provided.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Fixtures and fittings Computers 15% per annum straight line 20% per annum straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

    Other accounting policies

    Financial instruments The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Classification offinancial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Basic financial liabilities Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Expenditure Expenditure is recognised on an accruals basis and costs are allocated directly according to their function within the Company as follows: Costs incurred in the day-to-day running of the sports centre; Costs incurred relating to the external letting

ASHVILLE TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 42 40

ASHVILLE TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 September 2023 21,850 1,804 23,654
Additions
Disposals
Revaluations
Transfers
At 31 August 2024 21,850 1,804 23,654
Depreciation
At 1 September 2023 18,772 1,804 20,576
Charge for year 770 770
On disposals
Other adjustments
At 31 August 2024 19,542 1,804 21,346
Net book value
At 31 August 2024 2,308 0 2,308
At 31 August 2023 3,078 0 3,078

ASHVILLE TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Stocks

2024 2023
£ £
Stocks 307 307
Total 307 307

ASHVILLE TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Debtors

2024 2023
£ £
Trade debtors 140,701 78,505
Other debtors 97 126
Total 140,798 78,631

ASHVILLE TRADING LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 3,123 3,591
Taxation and social security 24,191 18,628
Other creditors 98,823 48,826
Total 126,137 71,045