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REGISTERED NUMBER: 08670689 (England and Wales)















Financial Statements for the Period 1 August 2023 to 31 January 2025

for

Ashfield Ventures Limited

Ashfield Ventures Limited (Registered number: 08670689)






Contents of the Financial Statements
for the Period 1 August 2023 to 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ashfield Ventures Limited

Company Information
for the Period 1 August 2023 to 31 January 2025







DIRECTORS: Mrs K J Taylor
S R Taylor





REGISTERED OFFICE: Ivy Bank Farm
Hothersall Lane
Preston
Lancashire
PR3 2XB





REGISTERED NUMBER: 08670689 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Ashfield Ventures Limited (Registered number: 08670689)

Balance Sheet
31 January 2025

31.1.25 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 25,614

CURRENT ASSETS
Debtors 5 39,167 96,410
Cash at bank - 2,298
39,167 98,708
CREDITORS
Amounts falling due within one year 6 1,652 8,340
NET CURRENT ASSETS 37,515 90,368
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,515

115,982

CAPITAL AND RESERVES
Called up share capital 115 115
Share premium 149,835 149,835
Retained earnings (112,435 ) (33,968 )
SHAREHOLDERS' FUNDS 37,515 115,982

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 July 2025 and were signed on its behalf by:





S R Taylor - Director


Ashfield Ventures Limited (Registered number: 08670689)

Notes to the Financial Statements
for the Period 1 August 2023 to 31 January 2025

1. STATUTORY INFORMATION

Ashfield Ventures 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Management has determined that there is no material uncertainty that casts doubt on the entity's ability to continue as a going concern.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is the fair value of consideration received or receivable from the supply of accounting services excluding discounts, vat and rebates. Turnover is recognised during the course of the contract based on measured works completed.

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 etc - 15% on reducing balance and 10% on cost

Financial instruments
Directors loans (being repayable on demand) trade creditors and trade debtors are measured at the undiscounted amount of the cash or other consideration expected to be received.

Taxation
Taxation for the period 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 period 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.

Ashfield Ventures Limited (Registered number: 08670689)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 31 January 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 57,862
Disposals (57,862 )
At 31 January 2025 -
DEPRECIATION
At 1 August 2023 32,248
Charge for period 8,447
Eliminated on disposal (40,695 )
At 31 January 2025 -
NET BOOK VALUE
At 31 January 2025 -
At 31 July 2023 25,614

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.7.23
£    £   
Trade debtors - 4,347
Amounts recoverable on contract - 48,000
Other debtors 39,167 44,063
39,167 96,410

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.7.23
£    £   
Trade creditors - 1,578
Taxation and social security - 2,741
Other creditors 1,652 4,021
1,652 8,340