REGISTERED NUMBER: 06162976 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ASHTON BULK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J M Dudman

Miss A C Garrett

SECRETARY:

Miss A C Garrett

REGISTERED OFFICE:

9-13 High Street

Wells

Somerset

BA5 2AA

REGISTERED NUMBER:

06162976 (England and Wales)

ACCOUNTANTS:

Simmons Accountants Limited

Chartered Certified Accountants

13 High Street

Wells

Somerset

BA5 2AA

FIXED ASSETS

Tangible assets

4

13,432

9,604

CURRENT ASSETS

Debtors

5

1,433,193

1,577,844

Cash at bank and in hand

388,069

21,406

1,821,262

1,599,250

CREDITORS

Amounts falling due within one year

6

1,113,515

882,223

NET CURRENT ASSETS

707,747

717,027

TOTAL ASSETS LESS CURRENT LIABILITIES

721,179

726,631

CREDITORS

Amounts falling due after more than one year

7

(12,500

)

(22,500

)

PROVISIONS FOR LIABILITIES

(2,334

)

(1,559

)

NET ASSETS

706,345

702,572

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

8

706,245

702,472

SHAREHOLDERS' FUNDS

706,345

702,572

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 30 September 2025 and were signed on its behalf by:

J M Dudman - Director

Miss A C Garrett - Director

1.	STATUTORY INFORMATION

Ashton Bulk 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.

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 the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% 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

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 7 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

17,056

75,264

92,320

Additions

5,446

2,880

8,326

At 31 December 2024

22,502

78,144

100,646

DEPRECIATION

At 1 January 2024

16,547

66,169

82,716

Charge for year

1,488

3,010

4,498

At 31 December 2024

18,035

69,179

87,214

NET BOOK VALUE

At 31 December 2024

4,467

8,965

13,432

At 31 December 2023

509

9,095

9,604

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

1,334,279

1,496,807

Other debtors

67,969

67,317

VAT

30,945

13,720

1,433,193

1,577,844

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,000

10,000

Other loans

691,120

706,780

Trade creditors

27,309

-

Social security and other taxes

8,312

5,409

Other creditors

186,343

17,143

Pension

2,210

1,464

Provisions for warranties and liabilities

174,743

120,000

Directors' current accounts

10,388

18,462

Accrued expenses

3,090

2,965

1,113,515

882,223

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

10,000

10,000

Bank loans - 2-5 years

2,500

12,500

12,500

22,500

8.

RESERVES

Retained

earnings

£

At 1 January 2024

702,472

Profit for the year

3,773

At 31 December 2024

706,245