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REGISTERED NUMBER: 07592979 (England and Wales)






Unaudited Financial Statements

for the Year Ended 30th September 2024

for

ASCOT FINISHERS LIMITED

ASCOT FINISHERS LIMITED (REGISTERED NUMBER: 07592979)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASCOT FINISHERS LIMITED

Company Information
for the Year Ended 30th September 2024







Directors: T J Witton Bourke
P Laflin



Secretary: S G Beale



Registered office: 1 Kille House
Chinnor Road
Thame
Oxfordshire
OX9 3NU



Registered number: 07592979 (England and Wales)



Accountants: S G Beale and Co
Chartered Accountants
1 Kille House
Chinnor Road
Thame
Oxfordshire
OX9 3NU



Bankers: NatWest Bank Plc
Oxford Business Centre
121 High Street
Oxford
Oxfordshire
OX1 4DF

ASCOT FINISHERS LIMITED (REGISTERED NUMBER: 07592979)

Balance Sheet
30th September 2024

2023 2024
£    £    Notes £   
FIXED ASSETS
20,377 Tangible assets 4 22,127
251,250 Investments 5 -
271,627 22,127

CURRENT ASSETS
9,200 Stocks 6 8,000
239,676 Debtors 7 257,608
90,437 Cash at bank 47,088
339,313 312,696
CREDITORS
220,925 Amounts falling due within one year 8 272,440
118,388 NET CURRENT ASSETS 40,256

390,015
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,383

CREDITORS

(15,349

)
Amounts falling due after more than one
year

9

(6,667

)

(1,225 ) PROVISIONS FOR LIABILITIES 10 (2,358 )
373,441 NET ASSETS 53,358

CAPITAL AND RESERVES
10,500 Called up share capital 11 10,500
362,941 Retained earnings 42,858
373,441 SHAREHOLDERS' FUNDS 53,358

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

ASCOT FINISHERS LIMITED (REGISTERED NUMBER: 07592979)

Balance Sheet - continued
30th 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 Board of Directors and authorised for issue on 18th June 2025 and were signed on its behalf by:





T J Witton Bourke - Director


ASCOT FINISHERS LIMITED (REGISTERED NUMBER: 07592979)

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

1. STATUTORY INFORMATION

Ascot Finishers 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 each asset over its estimated useful life.
Plant and machinery - 20% on written down values
Motor vehicles - 25% on written down values
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investments in subsidiary undertakings are recognised at cost less an adjustment for diminution in value following the transfer of trading from the subsidiary to this company so that the subsidiary has ceased to trade.

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 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.

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

ASCOT FINISHERS LIMITED (REGISTERED NUMBER: 07592979)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme 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 13 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
Totals machinery vehicles equipment
£    £    £    £   
Cost
At 1st October 2023 239,380 188,176 25,700 25,504
Additions 8,468 8,468 - -
At 30th September 2024 247,848 196,644 25,700 25,504
Depreciation
At 1st October 2023 219,003 176,332 17,167 25,504
Charge for year 6,718 5,078 1,640 -
At 30th September 2024 225,721 181,410 18,807 25,504
Net book value
At 30th September 2024 22,127 15,234 6,893 -
At 30th September 2023 20,377 11,844 8,533 -

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
Cost
At 1st October 2023 251,250
Impairments (251,250 )
At 30th September 2024 -
Net book value
At 30th September 2024 -
At 30th September 2023 251,250

6. STOCKS
2024 2023
£    £   
Stocks 8,000 9,200

ASCOT FINISHERS LIMITED (REGISTERED NUMBER: 07592979)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 110,052 87,201
Amounts owed by group undertakings 63,525 69,490
Other debtors 84,031 82,985
257,608 239,676

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 69,765 38,130
Corporation tax 71,405 79,021
Social security and other taxes 4,454 5,515
VAT 61,507 48,389
Directors' current accounts 200 -
Sundry creditors and accruals 65,109 49,870
272,440 220,925

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Amounts owed to group undertakings 6,667 15,349

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 2,358 1,225

Deferred
tax
£   
Balance at 1st October 2023 1,225
Provided during year 1,133
Balance at 30th September 2024 2,358

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10,000 A Ordinary 1 10,000 10,000
500 B Ordinary 1 500 500
10,500 10,500

ASCOT FINISHERS LIMITED (REGISTERED NUMBER: 07592979)

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

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T J Witton Bourke.