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REGISTERED NUMBER: 03963337 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 September 2024

for

ASHWOOD ASSOCIATES LIMITED

ASHWOOD ASSOCIATES LIMITED (Registered number: 03963337)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASHWOOD ASSOCIATES LIMITED

Company Information
for the Year Ended 30 September 2024







DIRECTOR: S J MARLEY





SECRETARY: R C G MARLEY





REGISTERED OFFICE: St Mary's Court
The Broadway
Old Amersham
Bucks
HP7 0UT





REGISTERED NUMBER: 03963337 (England and Wales)





ACCOUNTANTS: Cansdales Business Advisers Limited
St Mary's Court
The Broadway
Old Amersham
Bucks
HP7 0UT

ASHWOOD ASSOCIATES LIMITED (Registered number: 03963337)

Balance Sheet
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,329 2,724

CURRENT ASSETS
Debtors 5 104,154 23,551
Cash at bank 384,688 459,205
488,842 482,756
CREDITORS
Amounts falling due within one year 6 (114,081 ) (95,040 )
NET CURRENT ASSETS 374,761 387,716
TOTAL ASSETS LESS CURRENT
LIABILITIES

376,090

390,440

CREDITORS
Amounts falling due after more than one
year

7

(3,579

)

(8,525

)

PROVISIONS FOR LIABILITIES (681 ) (681 )
NET ASSETS 371,830 381,234

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Retained earnings 371,730 381,134
371,830 381,234

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ASHWOOD ASSOCIATES LIMITED (Registered number: 03963337)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 April 2025 and were signed by:





S J MARLEY - Director


ASHWOOD ASSOCIATES LIMITED (Registered number: 03963337)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATEMENT OF COMPLIANCE

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.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention.

basis except for the modification to a fair value basis if required.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
The preparation of financial statements in compliance with FRS 102 requires management to exercise judgement in applying the company accounting policies and the use of certain critical
accounting estimates.

The items in the financial statements where these judgement and estimates have been made include:

Estimates

- The useful life of fixed assets.

CHANGES IN ACCOUNTING POLICIES
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and have also been consistently applied within the same accounts.

TURNOVER
Turnover represents the net invoiced sales of services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration based on the extent to which work has been performed.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses.

FINANCIAL INSTRUMENTS
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially recognised at transaction price less any impairment.

Basic financial liabilities
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price. Debt
instruments are then discounted to net present value and subsequently carried at amortised cost using the
effective interest rate method.


ASHWOOD ASSOCIATES LIMITED (Registered number: 03963337)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a UK statutory workplace pension scheme and also makes contributions to certain
employees' personal pension schemes which are recognised in the period in which they are incurred.

IMPAIRMENT OF ASSETS
At each reporting date, fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment been recognised for the asset in prior years.

All impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

EMPLOYEE BENEFITS
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

ASHWOOD ASSOCIATES LIMITED (Registered number: 03963337)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 9,502
Additions 325
At 30 September 2024 9,827
DEPRECIATION
At 1 October 2023 6,778
Charge for year 1,720
At 30 September 2024 8,498
NET BOOK VALUE
At 30 September 2024 1,329
At 30 September 2023 2,724

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 103,474 22,207
Other debtors 680 1,344
104,154 23,551

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,461 4,949
Trade creditors 8,933 33,483
Taxation and social security 89,275 55,077
Other creditors 3,412 1,531
114,081 95,040

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 3,579 8,525

ASHWOOD ASSOCIATES LIMITED (Registered number: 03963337)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 7,514 -

The company has a bank overdraft facility of £50,000 with HSBC Bank PLC.

HSBC Bank PLC have fixed and floating charges over all of the assets of the company.