Company Registration No. 12613140 (England and Wales)
Long Ashton Holdings Limited
Unaudited accounts
for the year ended 31 May 2025
Long Ashton Holdings Limited
Unaudited accounts
Contents
Long Ashton Holdings Limited
Company Information
for the year ended 31 May 2025
Director
Nicholas John Britton
Company Number
12613140 (England and Wales)
Registered Office
85 GREAT PORTLAND STREET
FIRST FLOOR
LONDON
W1W 7LT
ENGLAND
Accountants
Cone Accounting Limited
124 City Road
London
EC1V 2NX
Long Ashton Holdings Limited
Statement of financial position
as at 31 May 2025
Inventories
132,752
135,184
Cash at bank and in hand
121,666
158,744
Creditors: amounts falling due within one year
(155,113)
(179,730)
Net current assets
156,091
146,457
Net assets
164,016
146,701
Called up share capital
192
180
Share premium
1,944,703
1,669,695
Profit and loss account
(1,780,879)
(1,523,174)
Shareholders' funds
164,016
146,701
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 22 July 2025 and were signed on its behalf by
Nicholas John Britton
Director
Company Registration No. 12613140
Long Ashton Holdings Limited
Notes to the Accounts
for the year ended 31 May 2025
Long Ashton Holdings Limited is a private company, limited by shares, registered in England and Wales, registration number 12613140. The registered office is 85 GREAT PORTLAND STREET, FIRST FLOOR, LONDON, W1W 7LT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortization. Intangible fixed assets are amortized at 10% straight line basis.
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 also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25.00% & 33.33% Straight line method
Long Ashton Holdings Limited
Notes to the Accounts
for the year ended 31 May 2025
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Computer equipment
Finished goods
132,752
135,184
Amounts falling due within one year
Trade debtors
45,065
22,032
Accrued income and prepayments
2,122
1,200
Long Ashton Holdings Limited
Notes to the Accounts
for the year ended 31 May 2025
8
Creditors: amounts falling due within one year
2025
2024
Trade creditors
39,487
8,480
Taxes and social security
1,999
729
Loans from directors
111,793
166,766
Allotted, called up and fully paid:
154,890 Ordinary shares of £0.001 each
154.89
154.89
24,900 Ordinary shares of £0.001 each
24.90
24.90
12,641 Ordinary shares of £0.001 each
12.64
-
Shares issued during the period:
12,641 Ordinary shares of £0.001 each
12.64
10
Average number of employees
During the year the average number of employees was 3 (2024: 3).