Ashton Jig And Tool Company Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00604021 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

ASHTON JIG AND TOOL COMPANY LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J M Clifton

Mrs S A Clifton

SECRETARY:

J M Clifton

REGISTERED OFFICE:

Joncliff Works

Yorkshire Street

Ashton-under-lyne

Lancashire

OL6 8NR

REGISTERED NUMBER:

00604021 (England and Wales)

ACCOUNTANTS:

Moss & Williamson Limited

Chartered Accountants

3 Mellor Road

Cheadle Hulme

Stockport

SK8 5AT

FIXED ASSETS

Intangible assets

4

2,000

Tangible assets

5

1,809,375

1,533,806

1,811,375

1,535,806

CURRENT ASSETS

Stocks

58,688

57,449

Debtors

446,749

846,577

Cash at bank and in hand

1,008,991

580,874

1,514,428

1,484,900

CREDITORS

Amounts falling due within one year

(530,815

)

(558,638

)

NET CURRENT ASSETS

983,613

926,262

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,794,988

2,462,068

PROVISIONS FOR LIABILITIES

(225,170

)

(251,727

)

NET ASSETS

2,569,818

2,210,341

CAPITAL AND RESERVES

Called up share capital

9,700

Revaluation reserve

6

571,916

Capital redemption reserve

500

Retained earnings

1,987,702

1,628,225

SHAREHOLDERS' FUNDS

2,569,818

2,210,341

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2025 and were signed on its behalf by:

J M Clifton - Director

1.	STATUTORY INFORMATION

Ashton Jig And Tool Company 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts and is recognised at the point that goods are despatched.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Computer software is being amortised evenly over its estimated useful life of nil years.

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

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Costs includes all direct expenditure and appropriate proportion of fixed and variable overheads.

Work in progress is valued at realisable value.

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 22 (2024 - 21 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2024

and 31 May 2025

8,400

AMORTISATION

At 1 June 2024

and 31 May 2025

6,400

NET BOOK VALUE

At 31 May 2025

2,000

At 31 May 2024

2,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 June 2024

2,711,574

Additions

382,032

At 31 May 2025

3,093,606

DEPRECIATION

At 1 June 2024

1,177,768

Charge for year

106,463

At 31 May 2025

1,284,231

NET BOOK VALUE

At 31 May 2025

1,809,375

At 31 May 2024

1,533,806

Cost or valuation at 31 May 2025 is represented by:

Totals

£

Valuation in 2012

365,000

Valuation in 2022

160,000

Cost

2,568,606

3,093,606

If the property had not been revalued it would have been included at the following historical cost:

2025

2024

£

Cost

163,992

Aggregate depreciation

50,825

47,709

The long leasehold property was valued on an open market basis on 5 April 2022 by Kirkham Commercial Property Services .

6.

RESERVES

Revaluation

reserve

£

At 1 June 2024

and 31 May 2025

571,916

7.	RELATED PARTY DISCLOSURES

J M & Mrs S A Clifton were directors of Bond Hill Property Limited to whom the company paid £25,918 for rent and utilities.(2024 - £53,619).

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr & Mrs Clifton.