Ashfordel Ltd SC508877 false 2024-07-01 2025-03-31 2025-03-31 The principal activity of the company is a clinical psychiatrist. Digita Accounts Production Advanced 6.30.9574.0 true SC508877 2024-07-01 2025-03-31 SC508877 2025-03-31 SC508877 core:RetainedEarningsAccumulatedLosses 2025-03-31 SC508877 core:ShareCapital 2025-03-31 SC508877 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 SC508877 core:OfficeEquipment 2025-03-31 SC508877 bus:SmallEntities 2024-07-01 2025-03-31 SC508877 bus:AuditExemptWithAccountantsReport 2024-07-01 2025-03-31 SC508877 bus:FilletedAccounts 2024-07-01 2025-03-31 SC508877 bus:SmallCompaniesRegimeForAccounts 2024-07-01 2025-03-31 SC508877 bus:RegisteredOffice 2024-07-01 2025-03-31 SC508877 bus:Director1 2024-07-01 2025-03-31 SC508877 bus:PrivateLimitedCompanyLtd 2024-07-01 2025-03-31 SC508877 bus:Agent1 2024-07-01 2025-03-31 SC508877 core:OfficeEquipment 2024-07-01 2025-03-31 SC508877 countries:Scotland 2024-07-01 2025-03-31 SC508877 2024-06-30 SC508877 core:OfficeEquipment 2024-06-30 SC508877 2023-07-01 2024-06-30 SC508877 2024-06-30 SC508877 core:RetainedEarningsAccumulatedLosses 2024-06-30 SC508877 core:ShareCapital 2024-06-30 SC508877 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 SC508877 core:OfficeEquipment 2024-06-30 iso4217:GBP xbrli:pure

Registration number: SC508877

Ashfordel Ltd

Unaudited Filleted Financial Statements

for the Period from 1 July 2024 to 31 March 2025

 

Ashfordel Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

Accountants' Report

7

 

Ashfordel Ltd

Company Information

Director

Dr Helen Louise Dawson

Registered office

Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
Stirlingshire
FK3 8WX

Accountants

EQ Accountants Ltd Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

 

Ashfordel Ltd

(Registration number: SC508877)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

-

399

Current assets

 

Stocks

5

-

1,403

Cash at bank and in hand

 

203,825

211,641

 

203,825

213,044

Creditors: Amounts falling due within one year

6

(20,019)

(49,514)

Net current assets

 

183,806

163,530

Net assets

 

183,806

163,929

Capital and reserves

 

Called up share capital

100

100

Retained earnings

183,706

163,829

Shareholders' funds

 

183,806

163,929

For the financial period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 April 2025
 

.........................................
Dr Helen Louise Dawson
Director

 

Ashfordel Ltd

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in Scotland.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, 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.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

Cost at 33%

 

Ashfordel Ltd

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 31 March 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual
arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any
contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

 

3

Employees and Directors

The average number of persons employed by the company (including the director) during the period, was 1 (2024 - 1).

 

Ashfordel Ltd

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 31 March 2025

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 July 2024

1,045

1,045

Disposals

(1,045)

(1,045)

At 31 March 2025

-

-

Depreciation

At 1 July 2024

646

646

Eliminated on disposal

(646)

(646)

At 31 March 2025

-

-

Carrying amount

At 31 March 2025

-

-

At 30 June 2024

399

399

5

Stocks

2025
£

2024
£

Work in progress

-

1,403

6

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Taxation and social security

6,750

9,657

Other creditors

13,269

39,857

20,019

49,514

 

Ashfordel Ltd

Notes to the Unaudited Financial Statements for the Period from 1 July 2024 to 31 March 2025

7

Related party transactions

Creditors include the following amounts which are owed to individuals who were directors of the company during the year:

1 July 2024 to 31 March 2025
 £

Year ended 30 June 2024
 £

Dr Helen Louise Dawson

11,565

38,228

 

11,565

38,228

The maximum balance outstanding during the year amounted to £38,228.

The directors current accounts are repayable on demand.

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Ashfordel Ltd
for the Period Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ashfordel Ltd for the period ended 31 March 2025 as set out on pages 2 to 6 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Ashfordel Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Ashfordel Ltd and state those matters that we have agreed to state to the Board of Directors of Ashfordel Ltd, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ashfordel Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Ashfordel Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Ashfordel Ltd. You consider that Ashfordel Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Ashfordel Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

EQ Accountants Ltd
Unit 4B
Gateway Business Park
Beancross Road
Grangemouth
FK3 8WX

30 April 2025