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REGISTERED NUMBER: 02554669 (England and Wales)
















ASHWYK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






ASHWYK LIMITED (REGISTERED NUMBER: 02554669)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ASHWYK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: V.C. De Wykerslooth
Mrs K.J. De Rooyesteyn
J. De Wykerslooth





SECRETARIES: Mrs K.J. De Rooyesteyn
Mrs S.L. De Wykerslooth





REGISTERED OFFICE: 21 Lodge Lane
Grays
Essex
RM17 5RY





REGISTERED NUMBER: 02554669 (England and Wales)





ACCOUNTANTS: CR Bland Baker Limited
Chartered Accountants
21 Lodge Lane
Grays
Essex
RM17 5RY

ASHWYK LIMITED (REGISTERED NUMBER: 02554669)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 59,809 31,119

CURRENT ASSETS
Stocks 3,250 3,275
Debtors 5 48,787 74,701
Cash at bank and in hand 122,415 152,392
174,452 230,368
CREDITORS
Amounts falling due within one year 6 78,319 89,749
NET CURRENT ASSETS 96,133 140,619
TOTAL ASSETS LESS CURRENT
LIABILITIES

155,942

171,738

CREDITORS
Amounts falling due after more than one
year

7

(6,004

)

(14,004

)

PROVISIONS FOR LIABILITIES (11,350 ) (6,000 )
NET ASSETS 138,588 151,734

CAPITAL AND RESERVES
Called up share capital 58,688 58,688
Capital redemption reserve 24,712 24,712
Retained earnings 55,188 68,334
SHAREHOLDERS' FUNDS 138,588 151,734

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

ASHWYK LIMITED (REGISTERED NUMBER: 02554669)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2025 and were signed on its behalf by:





J. De Wykerslooth - Director


ASHWYK LIMITED (REGISTERED NUMBER: 02554669)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Ashwyk 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.

Turnover
Turnover represents net invoiced sale of services, excluding value added tax and trade discounts.

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 - 5% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

The estimated useful lives, residual values and depreciation method are reviewed at each year end, with the effect of any changes in estimate accounted for on a prospective basis.

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 Statement of Income and Retained Earnings, 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 statement of financial position date.


ASHWYK LIMITED (REGISTERED NUMBER: 02554669)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 121,742 22,143 24,123 168,008
Additions 34,000 - - 34,000
At 31 December 2024 155,742 22,143 24,123 202,008
DEPRECIATION
At 1 January 2024 94,334 21,197 21,358 136,889
Charge for year 4,315 220 775 5,310
At 31 December 2024 98,649 21,417 22,133 142,199
NET BOOK VALUE
At 31 December 2024 57,093 726 1,990 59,809
At 31 December 2023 27,408 946 2,765 31,119

ASHWYK LIMITED (REGISTERED NUMBER: 02554669)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 40,524 70,817
Other debtors 3,250 3,250
Tax 4,926 -
Prepayments 87 634
48,787 74,701

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,000 8,000
Trade creditors 57,789 51,677
Tax - 14,100
Social security and other taxes 4,807 5,358
VAT 3,405 6,009
Directors' current accounts 116 116
Accruals 4,202 4,489
78,319 89,749

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 6,004 8,000
Bank loans - 2-5 years - 6,004
6,004 14,004

The bank loan shown within creditors is guaranteed by the government under the Bounce Back Loan Scheme.