Company Registration No. 14259260 (England and Wales)
Paul Ascroft Limited
Unaudited accounts
for the year ended 31 July 2025
Paul Ascroft Limited
Unaudited accounts
Contents
Paul Ascroft Limited
Company Information
for the year ended 31 July 2025
Directors
Paul Ascroft
Justyna Ascroft
Company Number
14259260 (England and Wales)
Registered Office
29 LONG CROFT MEADOW
CHORLEY
PR7 1TR
ENGLAND
Paul Ascroft Limited
Statement of financial position
as at 31 July 2025
Cash at bank and in hand
22,195
161,496
Creditors: amounts falling due within one year
-
(62,893)
Net current assets
22,195
99,136
Total assets less current liabilities
22,195
99,136
Creditors: amounts falling due after more than one year
(22,095)
3,538
Called up share capital
100
100
Profit and loss account
-
102,574
Shareholders' funds
100
102,674
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 24 June 2025 and were signed on its behalf by
Paul Ascroft
Director
Company Registration No. 14259260
Paul Ascroft Limited
Notes to the Accounts
for the year ended 31 July 2025
Paul Ascroft Limited is a private company, limited by shares, registered in England and Wales, registration number 14259260. The registered office is 29 LONG CROFT MEADOW, CHORLEY, PR7 1TR, 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.
These financial statements for the year ended 31 July 2025 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Going Concern Statement
The financial statements of Paul Ascroft Ltd have been prepared on a going concern basis. This assumes that the company will continue to be able to meet its liabilities as they fall due and will continue to operate for the foreseeable future.
While the company is transitioning to a dormant status, with minimal trading activity, management has assessed the company's ability to continue as a going concern. This assessment includes:
• Financial Position:
Paul Ascroft Ltd maintains a healthy balance sheet with sufficient assets to cover its liabilities.
• Liquidity:
The company has adequate cash reserves and access to funding to meet its obligations, including any outstanding liabilities related to its former operations and ongoing administrative expenses.
• Future Plans:
Management has a clear plan for maintaining the company's dormant status, including compliance with all relevant regulatory requirements and ongoing monitoring of its financial position.
• No Current Intent to Liquidate:
There is no current intention to liquidate the company or cease its operations.
Based on these factors, management believes that the going concern basis of accounting is appropriate for the preparation of these financial statements.
24th June 2025
Amounts falling due within one year
Accrued income and prepayments
-
533
Paul Ascroft Limited
Notes to the Accounts
for the year ended 31 July 2025
5
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
-
37,245
6
Creditors: amounts falling due after more than one year
2025
2024
Taxes and social security
22,095
-
Non-equity preference shares
178,009
-
Loans from directors
(178,009)
(3,538)
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).