Ashlea Components Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02089540 (England and Wales)

ASHLEA COMPONENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST DECEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

6

DIRECTOR:

Mr S J Higgs

REGISTERED OFFICE:

Unit 24A Shrivenham Hundred Bus Park

Watchfield

SWINDON

Wiltshire

SN6 8TZ

REGISTERED NUMBER:

02089540 (England and Wales)

ACCOUNTANTS:

Morris Owen

Chartered Accountants

43-45 Devizes Road

SWINDON

Wiltshire

SN1 4BG

BANKERS:

Lloyds Bank Plc

5 High Street

Old Town

SWINDON

Wiltshire

SN1 3ED

FIXED ASSETS

Tangible assets

4

5,291

10,762

CURRENT ASSETS

Stocks

653,978

624,208

Debtors

5

690,925

798,783

Cash at bank

564,410

585,972

1,909,313

2,008,963

CREDITORS

Amounts falling due within one year

6

275,525

319,028

NET CURRENT ASSETS

1,633,788

1,689,935

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,639,079

1,700,697

PROVISIONS FOR LIABILITIES

1,323

2,691

NET ASSETS

1,637,756

1,698,006

CAPITAL AND RESERVES

Called up share capital

8

27,210

Share premium

14,250

Capital redemption reserve

33,547

Retained earnings

1,562,749

1,622,999

SHAREHOLDERS' FUNDS

1,637,756

1,698,006

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2025 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.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15th May 2026 and were signed by:

Mr S J Higgs - Director

1.	STATUTORY INFORMATION

Ashlea Components Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02089540

Registered office: Unit 24A Shrivenham Hundred Business Park, Watchfield, Swindon, Wiltshire, SN6 8TZ

The presentation currency of the financial statements is the Pound Sterling (£) rounded to the nearest pound.

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.

Significant judgements and estimates

In preparing these financial statements, the directors have made the following judgements:

- Determine whether leases entered into by the company as a lessee are operating leases or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.

- Determine the period of useful economic life and any residual value of all tangible fixed assets order to write off the value of each asset over that period.

- Determine an appropriate provision for bad and doubtful debts by assessing the recoverability of all balances on a balance by balance basis.

- Determine an appropriate provision for obsolete and slow moving stocks by assessing the net realisable value of all stock lines on a line by line basis.

- Determine an appropriate provision for dilapidations by assessing the probable future obligations expected to exist at the end of the property lease.

Turnover

Turnover from sale of goods is recognised when the significant risks and reward of ownership of the goods have passed to the buyer, usually on dispatch of the goods. Turnover is measured at the fair value of consideration received, excluding discounts, rebates, VAT and other sales taxes or duty.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold

-

Over the term of the lease

Fixtures and fittings

-

33% on cost

Computer equipment

-

50% on cost and 20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

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

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 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the profit before tax.

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 11 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1st January 2025

6,258

138,537

144,795

Additions

-

2,029

Disposals

-

(3,777

)

(3,777

)

At 31st December 2025

6,258

136,789

143,047

DEPRECIATION

At 1st January 2025

6,258

127,775

134,033

Charge for year

-

7,500

Eliminated on disposal

-

(3,777

)

(3,777

)

At 31st December 2025

6,258

131,498

137,756

NET BOOK VALUE

At 31st December 2025

-

5,291

At 31st December 2024

-

10,762

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

419,901

370,169

Other debtors

271,024

428,614

690,925

798,783

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

84,850

172,732

Taxation and social security

161,607

124,610

Other creditors

29,068

21,686

275,525

319,028

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

Within one year

46,018

45,018

Between one and five years

35,250

80,750

81,268

125,768

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

13,878

Ordinary A

£1

13,878

13,332

Ordinary B

£1

13,332

27,210

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st December 2025 and 31st December 2024:

2025

2024

£

Mr S J Higgs and Mr S J Higgs

Balance outstanding at start of year

3,182

-

Amounts advanced

-

37,386

Amounts repaid

(3,182

)

(34,204

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

3,182