REGISTERED NUMBER: 08670547 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

KEITH ASHTON LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N E Coyne

Mrs B P Coyne

REGISTERED OFFICE:

C/O CBHC Ltd, Steeple House, Suite 3

First Floor

Church Lane

Chelmsford

Essex

CM1 1NH

REGISTERED NUMBER:

08670547 (England and Wales)

ACCOUNTANTS:

CBHC Limited

Suite 3, Steeple House

Church Lane

Chelmsford

Essex

CM1 1NH

FIXED ASSETS

Tangible assets

4

50,129

38,737

CURRENT ASSETS

Debtors

5

448,463

403,011

Cash at bank and in hand

743

489

449,206

403,500

CREDITORS

Amounts falling due within one year

6

334,150

293,596

NET CURRENT ASSETS

115,056

109,904

TOTAL ASSETS LESS CURRENT LIABILITIES

165,185

148,641

CREDITORS

Amounts falling due after more than one year

7

(25,921

)

(18,695

)

PROVISIONS FOR LIABILITIES

(9,636

)

(7,360

)

NET ASSETS

129,628

122,586

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

129,528

122,486

SHAREHOLDERS' FUNDS

129,628

122,586

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2025 and were signed on its behalf by:

Mrs B P Coyne - Director

1.	STATUTORY INFORMATION

Keith Ashton Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 25% on reducing balance and 15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 13 (2023 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

211,888

Additions

21,689

At 31 December 2024

233,577

DEPRECIATION

At 1 January 2024

173,151

Charge for year

10,297

At 31 December 2024

183,448

NET BOOK VALUE

At 31 December 2024

50,129

At 31 December 2023

38,737

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

33,540

DEPRECIATION

At 1 January 2024

30,182

Charge for year

840

At 31 December 2024

31,022

NET BOOK VALUE

At 31 December 2024

2,518

At 31 December 2023

3,358

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

28,020

24,614

Other debtors

420,443

378,397

448,463

403,011

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans and overdrafts

27,503

26,216

Trade creditors

18,443

20,282

Taxation and social security

225,096

190,396

Other creditors

63,108

56,702

334,150

293,596

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans

25,921

18,695

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the directors owed the company £301,972 (2023: £255,502).

9.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £1,771 (2023: owed £7,819) by H&H1 Limited, £13,193 (2023: £25,678) by Keith Ashton Estates Ltd and £19,512 (2023: £9,512) by H&H2 Limited. All companies in which the directors have an interest.