| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2025 |
| FOR |
| ASHFIELD WEDDINGS LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 28 FEBRUARY 2025 |
| FOR |
| ASHFIELD WEDDINGS LIMITED |
| ASHFIELD WEDDINGS LIMITED (REGISTERED NUMBER: 03178360) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 28 February 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| ASHFIELD WEDDINGS LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 28 February 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Douglas Bank House |
| Wigan Lane |
| Wigan |
| Lancashire |
| WN1 2TB |
| BANKERS: |
| 6 Bridge Street |
| St Helens |
| WA10 1NF |
| SOLICITORS: |
| 43 St Thomas's Road |
| Chorley |
| Lancashire |
| PR7 1JE |
| ASHFIELD WEDDINGS LIMITED (REGISTERED NUMBER: 03178360) |
| BALANCE SHEET |
| 28 February 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| ASHFIELD WEDDINGS LIMITED (REGISTERED NUMBER: 03178360) |
| BALANCE SHEET - continued |
| 28 February 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| ASHFIELD WEDDINGS LIMITED (REGISTERED NUMBER: 03178360) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 28 February 2025 |
| 1. | STATUTORY INFORMATION |
| Ashfield Weddings Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, for goods and services provided net of value added tax. |
| Tangible fixed assets |
| Tangible fixed assets are recorded at cost less depreciation and impairment. |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Improvements to property | - over the lease term of 25 years |
| Plant and machinery | - 25% on reducing balance |
| Fixtures and fittings | - 25% on reducing balance |
| Computer equipment | - 25% on reducing balance |
| Motor vehicles | - 25% on reducing balance |
| Impairment of assets |
| At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss. |
| Where an impairment loss subsequently reverses, the carrying amount of each asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately. |
| Stocks |
| Stocks are valued at the lower of cost and selling price, after making due allowance for obsolete and slow moving items. |
| Financial instruments |
| Short term financial assets, including trade and other debtors and cash and bank balances, are measured at the transaction price.Financial assets that have no stated interest rate and are recoverable within one year shall be measured at the undiscounted amount due. |
| Short term financial liabilities, including trade and other creditors, are measured at the transaction price. Financial liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due. |
| ASHFIELD WEDDINGS LIMITED (REGISTERED NUMBER: 03178360) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 28 February 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| 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. |
| Leases |
| Rentals payable under operating leases are charged to profit or loss on a straight line basis over the term 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 |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| to | Plant and | and |
| property | machinery | fittings |
| £ | £ | £ |
| COST |
| At 1 March 2024 |
| Additions |
| Disposals |
| At 28 February 2025 |
| DEPRECIATION |
| At 1 March 2024 |
| Charge for year |
| Eliminated on disposal |
| At 28 February 2025 |
| NET BOOK VALUE |
| At 28 February 2025 |
| At 29 February 2024 |
| ASHFIELD WEDDINGS LIMITED (REGISTERED NUMBER: 03178360) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 28 February 2025 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 March 2024 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 28 February 2025 |
| DEPRECIATION |
| At 1 March 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 28 February 2025 |
| NET BOOK VALUE |
| At 28 February 2025 |
| At 29 February 2024 |
| 5. | STOCKS |
| 2025 | 2024 |
| £ | £ |
| Bar and catering stock |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Other creditors |
| Deposits | 413,234 | 527,488 |
| Accrued expenses |
| ASHFIELD WEDDINGS LIMITED (REGISTERED NUMBER: 03178360) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 28 February 2025 |
| 8. | PROVISIONS FOR LIABILITIES |
| 2025 | 2024 |
| £ | £ |
| Deferred tax | 19,350 | 15,200 |
| Deferred |
| tax |
| £ |
| Balance at 1 March 2024 |
| Charge to Statement of Income and Retained Earnings during year |
| Balance at 28 February 2025 |
| 9. | GUARANTEES AND OTHER FINANCIAL COMMITMENTS |
| The company had total lease commitments at the year end of £660,000 (2024 - £750,000). |
| 10. | RELATED PARTY DISCLOSURES |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |