Silverfin false false 31/10/2024 01/11/2023 31/10/2024 Gary William Pendlebury 02/08/1999 24 July 2025 The principal activity of the company during the year was the sale and rental of electrical goods. 03818298 2024-10-31 03818298 bus:Director1 2024-10-31 03818298 2023-10-31 03818298 core:CurrentFinancialInstruments 2024-10-31 03818298 core:CurrentFinancialInstruments 2023-10-31 03818298 core:ShareCapital 2024-10-31 03818298 core:ShareCapital 2023-10-31 03818298 core:RetainedEarningsAccumulatedLosses 2024-10-31 03818298 core:RetainedEarningsAccumulatedLosses 2023-10-31 03818298 core:PlantMachinery 2023-10-31 03818298 core:Vehicles 2023-10-31 03818298 core:FurnitureFittings 2023-10-31 03818298 core:PlantMachinery 2024-10-31 03818298 core:Vehicles 2024-10-31 03818298 core:FurnitureFittings 2024-10-31 03818298 2023-11-01 2024-10-31 03818298 bus:FilletedAccounts 2023-11-01 2024-10-31 03818298 bus:SmallEntities 2023-11-01 2024-10-31 03818298 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 03818298 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 03818298 bus:Director1 2023-11-01 2024-10-31 03818298 core:PlantMachinery 2023-11-01 2024-10-31 03818298 core:Vehicles 2023-11-01 2024-10-31 03818298 core:FurnitureFittings core:TopRangeValue 2023-11-01 2024-10-31 03818298 2022-11-01 2023-10-31 03818298 core:FurnitureFittings 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure

Company No: 03818298 (England and Wales)

ASHTON VIDEO & TV SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH THE REGISTRAR

ASHTON VIDEO & TV SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024

Contents

ASHTON VIDEO & TV SERVICES LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024
ASHTON VIDEO & TV SERVICES LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024
DIRECTOR Gary William Pendlebury
SECRETARY Shirley Francis Pendlebury
REGISTERED OFFICE Richard House
Winckley Square
Preston
PR1 3HP
United Kingdom
COMPANY NUMBER 03818298 (England and Wales)
ACCOUNTANT MHA
Richard House
9 Winckley Square
Preston
Lancashire
PR1 3HP
ASHTON VIDEO & TV SERVICES LIMITED

BALANCE SHEET

AS AT 31 OCTOBER 2024
ASHTON VIDEO & TV SERVICES LIMITED

BALANCE SHEET (continued)

AS AT 31 OCTOBER 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 239,410 232,879
239,410 232,879
Current assets
Stocks 4 40,680 28,069
Debtors 5 354,283 349,961
Cash at bank and in hand 418,069 391,142
813,032 769,172
Creditors: amounts falling due within one year 6 ( 65,189) ( 39,069)
Net current assets 747,843 730,103
Total assets less current liabilities 987,253 962,982
Provision for liabilities ( 61,129) ( 56,413)
Net assets 926,124 906,569
Capital and reserves
Called-up share capital 100 100
Profit and loss account 926,024 906,469
Total shareholders' funds 926,124 906,569

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Ashton Video & TV Services Limited (registered number: 03818298) were approved and authorised for issue by the Director on 24 July 2025. They were signed on its behalf by:

Gary William Pendlebury
Director
ASHTON VIDEO & TV SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024
ASHTON VIDEO & TV SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 OCTOBER 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Ashton Video & TV Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Richard House, Winckley Square, Preston, PR1 3HP, United Kingdom.

The financial statements have been prepared under the historical cost convention in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents income from the hire and sale of electrical goods under “Rent to Buy” agreements and is stated at the fair value of the consideration receivable, net of VAT and other sales related taxes. Revenue is recognised when it is probable that economic benefits will flow to the company and the amount of revenue can be measured reliably.

For “Rent to Buy” agreements, revenue is typically recognised over the term of the agreement, reflecting the transfer of risks and rewards of ownership over time. Ownership of the goods generally transfers to the customer after all payments are made.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 7 6

3. Tangible assets

Plant and machinery Vehicles Fixtures and fittings Total
£ £ £ £
Cost
At 01 November 2023 456,607 94,355 56,508 607,470
Additions 101,574 0 0 101,574
Disposals ( 82,642) 0 0 ( 82,642)
At 31 October 2024 475,539 94,355 56,508 626,402
Accumulated depreciation
At 01 November 2023 275,935 46,579 52,077 374,591
Charge for the financial year 70,562 11,944 1,505 84,011
Disposals ( 71,610) 0 0 ( 71,610)
At 31 October 2024 274,887 58,523 53,582 386,992
Net book value
At 31 October 2024 200,652 35,832 2,926 239,410
At 31 October 2023 180,672 47,776 4,431 232,879

4. Stocks

2024 2023
£ £
Stocks 40,680 28,069

5. Debtors

2024 2023
£ £
Other debtors 354,283 349,961

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 868 2,647
Taxation and social security 48,571 29,512
Other creditors 15,750 6,910
65,189 39,069