Ashley Baxter Limited - Filleted accounts

Registered number

SC528892

Ashley Baxter Limited

Filleted Accounts

31 March 2026

Ashley Baxter Limited
Registered number:		SC528892
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		5,824			-
Tangible assets	4		383			741
			6,207			741

Current assets
Debtors	5	2,405			4,885
Cash at bank and in hand		39,043			14,503
		41,448			19,388

Creditors: amounts falling due within one year	6	(25,497)			(19,899)

Net current assets/(liabilities)			15,951			(511)

Net assets			22,158			230

Capital and reserves
Called up share capital			20,100			100
Profit and loss account			2,058			130

Shareholder's funds			22,158			230

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Ashley Baxter
Director
Approved by the board on 12 May 2026

Ashley Baxter Limited
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Office Equipment	25 % RBM
	Computer Equipment	33.33% SLM
	Fixtures, fittings	25 % RBM

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			1		1


3	Intangible fixed assets					£
	IT Development Cost:

	Cost
	Additions					6,240
	At 31 March 2026					6,240

	Amortisation
	Provided during the year					416
	At 31 March 2026					416

	Net book value
	At 31 March 2026					5,824

	IT Development Cost is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Computer equipment		Fixtures & Fitttings		Total
£			£		£
	Cost
	At 1 April 2025	6,987		372		7,359
	At 31 March 2026	6,987		372		7,359

	Depreciation
	At 1 April 2025	6,275		343		6,618
	Charge for the year	351		7		358
	At 31 March 2026	6,626		350		6,976

	Net book value
	At 31 March 2026	361		22		383
	At 31 March 2025	712		29		741


5	Debtors			2026		2025
£					£

	Trade debtors			1,156		3,221
	Other debtors			1,249		1,664
				2,405		4,885


6	Creditors: amounts falling due within one year			2026		2025
£					£

	Intercompany Loan			15,000		15,000
	Taxation and social security costs			4,623		2,683
	Other creditors			5,874		2,216
				25,497		19,899


7	Other information

	Ashley Baxter Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:

	49 Osprey Drive
	Uddingston
	Scotland
	G71 6HU