Registered number
SC638300
ASH 5 LTD
Filleted Accounts
31 August 2024
ASH 5 LTD
Registered number: SC638300
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 10,000 10,000
Tangible assets 4 29,885 33,206
39,885 43,206
Current assets
Stocks 29,860 31,435
Cash at bank and in hand 13,277 7,691
43,137 39,126
Creditors: amounts falling due within one year 5 (19,069) (18,039)
Net current assets 24,068 21,087
Total assets less current liabilities 63,953 64,293
Creditors: amounts falling due after more than one year 6 (48,102) (50,616)
Provisions for liabilities - -
Net assets 15,851 13,677
Capital and reserves
Called up share capital 100 100
Share premium - -
Profit and loss account 15,751 13,577
Shareholders' funds 15,851 13,677
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Amit Sidhu
Director
Approved by the board on 13 May 2025
ASH 5 LTD
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Intangible fixed assets
Intangible fixed assets are measured at cost.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at 15% reducing balance.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 September 2023 10,000
Additions -
Disposals -
At 31 August 2024 10,000
Amortisation
At 1 September 2023 -
Provided during the year -
On disposals -
At 31 August 2024 -
Net book value
At 31 August 2024 10,000
At 31 August 2023 10,000
4 Tangible fixed assets
Equipment Fixtures & Fittings Total
£ £ £
Cost
At 1 September 2023 1,832 46,098 47,930
Additions - - -
Surplus on revaluation - - -
Disposals - - -
At 31 August 2024 1,832 46,098 47,930
Depreciation
At 1 September 2023 183 14,541 14,724
Charge for the year 165 3,156 3,321
Surplus on revaluation - - -
On disposals - - -
At 31 August 2024 348 17,697 18,045
Net book value
At 31 August 2024 1,484 28,401 29,885
At 31 August 2023 1,649 31,557 33,206
5 Creditors: amounts falling due within one year 2024 2023
£ £
Non-equity preference shares - -
Bank loans and overdrafts - -
Obligations under finance lease and hire purchase contracts - -
Trade creditors - -
Accruas 2,010 1,734
Taxation and social security costs 5,179 4,225
Other creditors 11,880 12,080
19,069 18,039
6 Creditors: amounts falling due after one year 2024 2023
£ £
Non-equity preference shares - -
Bank loans 48,102 50,616
Obligations under finance lease and hire purchase contracts - -
Trade creditors - -
Amounts owed to group undertakings and undertakings in which the company has a participating interest - -
Other creditors - -
48,102 50,616
7 Other information
ASH 5 LTD is a private company limited by shares and incorporated in Scotland. Its registered office is:
162 Darnley Street
Glasgow
G41 2LL
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