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REGISTERED NUMBER: 00196387 (England and Wales)

| FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31ST OCTOBER 2024 |

| FOR |

| ASHTON ENGINEERING COMPANY LIMITED |

ASHTON ENGINEERING COMPANY LIMITED (REGISTERED NUMBER: 00196387) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2024

Page |

| Company Information | 1 |

| Abridged Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| ASHTON ENGINEERING COMPANY LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST OCTOBER 2024

| DIRECTOR: | Mr A T Belcher

| REGISTERED OFFICE: | 20 Floodgate Street

| Digbeth

| BIRMINGHAM

| B5 5SS

| REGISTERED NUMBER: | 00196387 (England and Wales)

| ACCOUNTANTS: | Michael Heaven & Associates Limited

| Chartered Certified Accountants

| 47 Calthorpe Road

| Edgbaston

| BIRMINGHAM

| B15 1TH

| BANKERS: | HSBC Bank PLC

| 130 New Street

| Birmingham

| West Midlands

| B2 4JU

| INCORPORATED: | 14th March 1924

ASHTON ENGINEERING COMPANY LIMITED (REGISTERED NUMBER: 00196387) |

ABRIDGED BALANCE SHEET

31ST OCTOBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 18,811 |  | 19,049 |  |

CURRENT ASSETS

Stocks | 23,394 |  | 31,769 |  |

Debtors | 91,244 |  | 83,810 |  |

Cash at bank and in hand | 100 |  | 101 |  |

114,738 |  | 115,680 |  |

CREDITORS

Amounts falling due within one year | 72,738 |  | 70,998 |  |

NET CURRENT ASSETS | 42,000 |  | 44,682 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 60,811 |  | 63,731 |  |

CREDITORS

Amounts falling due after more than one year | (1,597 | ) | (3,977 | ) |

PROVISIONS FOR LIABILITIES | 6 | (228 | ) | (273 | ) |

NET ASSETS | 58,986 |  | 59,481 |  |

CAPITAL AND RESERVES

Called up share capital | 7 | 58,756 |  | 58,756 |  |

Share premium | 150 |  | 150 |  |

Retained earnings | 80 |  | 575 |  |

SHAREHOLDERS' FUNDS | 58,986 |  | 59,481 |  |

ASHTON ENGINEERING COMPANY LIMITED (REGISTERED NUMBER: 00196387) |

ABRIDGED BALANCE SHEET - continued

31ST OCTOBER 2024

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 31st October 2024 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 director and authorised for issue on 14th November 2025 and were signed by:

Mr A T Belcher - Director

ASHTON ENGINEERING COMPANY LIMITED (REGISTERED NUMBER: 00196387) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2024

1. | STATUTORY INFORMATION

| Ashton Engineering 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.

| 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:

| Plant and machinery - 25% on reducing balance

| Fixtures and fittings - 10% on reducing balance

| Motor vehicles - 25% on reducing balance

| Computer equipment - 33% on straight line

| Freehold property - not depreciated as residual value is higher than net book value

| Stocks

| Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

| Financial instruments

| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans from related parties.

ASHTON ENGINEERING COMPANY LIMITED (REGISTERED NUMBER: 00196387) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST OCTOBER 2024

2. | ACCOUNTING POLICIES - continued

| 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 finance lease agreements

| A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life.

| Operating lease payments are recognised as an expense on a straight line basis over the lease term.

| Debtors

| Short term debtors are measured at transaction price, less any impairment.

| Creditors

| Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

ASHTON ENGINEERING COMPANY LIMITED (REGISTERED NUMBER: 00196387) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST OCTOBER 2024

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2023 - 3 ) .

4. | TANGIBLE FIXED ASSETS

| Totals

£ |

| COST

| At 1st November 2023

| and 31st October 2024 | 93,091 |  |

| DEPRECIATION

| At 1st November 2023 | 74,042 |  |

| Charge for year | 238 |  |

| At 31st October 2024 | 74,280 |  |

| NET BOOK VALUE

| At 31st October 2024 | 18,811 |  |

| At 31st October 2023 | 19,049 |  |

5. | LOANS

| An analysis of the maturity of loans is given below:

2024 | 2023 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank loans | 2,380 |  | 2,367 |  |

| Amounts falling due between one and two years:

| Bank loans | 1,597 |  | 2,380 |  |

| Amounts falling due between two and five years:

| Bank loans | - |  | 1,597 |  |

ASHTON ENGINEERING COMPANY LIMITED (REGISTERED NUMBER: 00196387) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST OCTOBER 2024

6. | PROVISIONS FOR LIABILITIES

2024 | 2023 |

£ | £ |

| Deferred tax | 228 |  | 273 |  |

| Deferred |

| tax |

£ |

| Balance at 1st November 2023 | 273 |  |

| Movement | (45 | ) |

| Balance at 31st October 2024 | 228 |  |

| Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated. Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

| A provision for annual leave accrued by employees as a result of services rendered in the current period, and which employees are entitled to carry forward and use within the next 12 months is recognised. The provision is measured at the salary cost payable for the period of absence.

7. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2024 | 2023 |

| value: | £ | £ |

| 22,589 | Ordinary | £1 | 22,589 |  | 22,589 |  |

| 36,167 | Ordinary A | £1 | 36,167 |  | 36,167 |  |

58,756 |  | 58,756 |  |

ASHTON ENGINEERING COMPANY LIMITED (REGISTERED NUMBER: 00196387) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST OCTOBER 2024

8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31st October 2024 and 31st October 2023:

2024 | 2023 |

£ | £ |

| Mr A T Belcher

| Balance outstanding at start of year | 27,525 |  | 33,861 |  |

| Amounts advanced | 32,166 |  | 36,144 |  |

| Amounts repaid | (33,600 | ) | (42,480 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 26,091 |  | 27,525 |  |