Silverfin false false 31/05/2025 01/06/2024 31/05/2025 Mr A R Hill 04/05/2016 Mrs S M Hill 04/05/2016 08 August 2025 The principal activity of the Company during the financial year was that of calibration, maintenance and retail of
pharmaceutical equipment.
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Company No: 10160574 (England and Wales)

ASH LIFE SCIENCES LTD

Unaudited Financial Statements
For the financial year ended 31 May 2025
Pages for filing with the registrar

ASH LIFE SCIENCES LTD

Unaudited Financial Statements

For the financial year ended 31 May 2025

Contents

ASH LIFE SCIENCES LTD

BALANCE SHEET

As at 31 May 2025
ASH LIFE SCIENCES LTD

BALANCE SHEET (continued)

As at 31 May 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 42,829 44,452
42,829 44,452
Current assets
Stocks 4 500 500
Debtors 5 48,272 29,866
Cash at bank and in hand 146,443 118,124
195,215 148,490
Creditors: amounts falling due within one year 6 ( 128,599) ( 78,726)
Net current assets 66,616 69,764
Total assets less current liabilities 109,445 114,216
Provision for liabilities ( 4,365) ( 4,572)
Net assets 105,080 109,644
Capital and reserves
Called-up share capital 80 80
Share premium account 15,000 15,000
Capital redemption reserve 20 20
Profit and loss account 89,980 94,544
Total shareholders' funds 105,080 109,644

For the financial 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.

Directors' responsibilities:

The financial statements of Ash Life Sciences Ltd (registered number: 10160574) were approved and authorised for issue by the Board of Directors on 08 August 2025. They were signed on its behalf by:

Mr A R Hill
Director
Mrs S M Hill
Director
ASH LIFE SCIENCES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025
ASH LIFE SCIENCES LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025
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

Ash Life Sciences Ltd (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 6 Office 1-34, The Hive, Beaufighter Road, Weston-Super-Mare, BS24 8EE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and 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 £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

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. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. 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. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. 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 15 % reducing balance
Fixtures and fittings 25 % reducing balance

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.

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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 6 6

3. Tangible assets

Plant and machinery Fixtures and fittings Total
£ £ £
Cost
At 01 June 2024 63,226 15,356 78,582
Additions 5,000 1,246 6,246
At 31 May 2025 68,226 16,602 84,828
Accumulated depreciation
At 01 June 2024 27,038 7,092 34,130
Charge for the financial year 5,803 2,066 7,869
At 31 May 2025 32,841 9,158 41,999
Net book value
At 31 May 2025 35,385 7,444 42,829
At 31 May 2024 36,188 8,264 44,452

4. Stocks

2025 2024
£ £
Stocks 500 500

5. Debtors

2025 2024
£ £
Trade debtors 48,272 24,797
Accrued income 0 5,069
48,272 29,866

6. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 12,674 10,052
Taxation and social security 32,024 39,067
Other creditors 83,901 29,607
128,599 78,726