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REGISTERED NUMBER: 00826176 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Norman Ashworth Limited

Norman Ashworth Limited (Registered number: 00826176)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Norman Ashworth Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr J A Ashworth
Mrs M L Brown
Mr D Brown





SECRETARY: Mrs M L Brown





REGISTERED OFFICE: 26 Clarkes Lane
Rochdale
Lancashire
OL12 6PY





REGISTERED NUMBER: 00826176 (England and Wales)





ACCOUNTANTS: PKW LLP Chartered Accountants
Cloth Hall
150 Drake Street
Rochdale
Lancashire
OL16 1PX

Norman Ashworth Limited (Registered number: 00826176)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 81,542 94,043

CURRENT ASSETS
Stocks 500 23,828
Debtors 5 258,780 407,290
Cash at bank and in hand 195,169 139,361
454,449 570,479
CREDITORS
Amounts falling due within one year 6 167,577 302,625
NET CURRENT ASSETS 286,872 267,854
TOTAL ASSETS LESS CURRENT
LIABILITIES

368,414

361,897

CREDITORS
Amounts falling due after more than one year 7 7,500 17,500
NET ASSETS 360,914 344,397

CAPITAL AND RESERVES
Called up share capital 8 3,000 3,000
Retained earnings 357,914 341,397
SHAREHOLDERS' FUNDS 360,914 344,397

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.

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 20 December 2024 and were signed on its behalf by:





Mrs M L Brown - Director


Norman Ashworth Limited (Registered number: 00826176)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Norman Ashworth 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.

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.

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 the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2.5% on cost/valuation
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates defined contribution pension schemes. Contributions payable to the company's pension schemes 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 11 (2023 - 11 ) .

Norman Ashworth Limited (Registered number: 00826176)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 November 2023 121,329 289,646 13,695 170,874 595,544
Additions - 6,185 1,470 - 7,655
Disposals - - (367 ) - (367 )
At 31 October 2024 121,329 295,831 14,798 170,874 602,832
DEPRECIATION
At 1 November 2023 93,949 269,212 10,590 127,750 501,501
Charge for year 3,033 5,367 926 10,783 20,109
Eliminated on disposal - - (320 ) - (320 )
At 31 October 2024 96,982 274,579 11,196 138,533 521,290
NET BOOK VALUE
At 31 October 2024 24,347 21,252 3,602 32,341 81,542
At 31 October 2023 27,380 20,434 3,105 43,124 94,043

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 227,908 383,014
Other debtors 90 -
VAT 6,209 -
Prepayments 24,573 24,276
258,780 407,290

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 138,827 151,410
Social security and other taxes 12,314 14,406
VAT - 4,529
Other creditors 1,787 1,773
Amount due to Nash (Rochdale)
Ltd - 40,431
Accruals and deferred income 4,649 80,076
167,577 302,625

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 7,500 10,000
Bank loans - 2-5 years - 7,500
7,500 17,500

Norman Ashworth Limited (Registered number: 00826176)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3,000 Ordinary £1 3,000 3,000

9. ULTIMATE CONTROLLING PARTY

The controlling parties are Mr JA Ashworth, Mrs M Brown and Mr D Brown by virtue of having ownership of 30%, 26.67% and 43.33% respectively of the issued ordinary share capital in the company.