Registration number: 01660674

Ashtree Vision & Safety Limited

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 7

Ashtree Vision & Safety Limited

(Registration number: 01660674)
Balance Sheet as at 30 November 2025

	Note	2025 £		2024 £
Fixed assets
Tangible assets	4		1,284,410		1,324,486
Current assets
Stocks	5	1,403,850		1,714,248
Debtors	6	7,111,779		725,324
Cash at bank and in hand		498,698		5,383,154
		9,014,327		7,822,726
Creditors: Amounts falling due within one year	7	(491,876)		(489,161)
Net current assets			8,522,451		7,333,565
Total assets less current liabilities			9,806,861		8,658,051
Creditors: Amounts falling due after more than one year	7		(1,328,946)		-
Provisions for liabilities			(70,000)		(80,000)
Net assets			8,407,915		8,578,051
Capital and reserves
Called up share capital	9	15,000		15,000
Revaluation reserve		876,643		876,643
Retained earnings		7,516,272		7,686,408
Shareholders' funds			8,407,915		8,578,051

For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 February 2026 and signed on its behalf by:
 

......................................... T R E Normanton Director

Ashtree Vision & Safety Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Ashtree Works
Brownroyd Street
Bradford
West Yorkshire
BD8 9AF

These financial statements were authorised for issue by the Board on 25 February 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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 disclosure and presentation requirements of Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's functional and presentation currency is pound sterling.

Summary of disclosure exemptions

The company has taken advantage of exemption under Financial Reporting Standard section 33.1A from disclosing transactions and balances with fellow group undertakings that are wholly owned.

Revenue recognition

Sales of goods and provision of services
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when the significant risks and rewards of ownership have been transferred to the buyer; the company retains no continuing involvement or control over the goods; the amount of revenue can be measured reliably and it is probable that future economic benefits will flow to the entity.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Ashtree Vision & Safety Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Freehold buildings are carried at fair value less any subsequent depreciation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold building	Nil
Plant and machinery	10% straight line basis
Fixtures and fittings	10% straight line basis
Motor vehicles	25% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the weighted average method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Ashtree Vision & Safety Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss and any subsequent reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 28 (2024 - 30).

Ashtree Vision & Safety Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

4	Tangible assets

	Freehold land and buildings £	Plant and machinery  £	Fixtures and fittings  £	Motor vehicles  £	Total £
Cost or valuation
At 1 December 2024	1,000,000	680,149	65,474	80,322	1,825,945
Additions	-	23,069	7,333	-	30,402
Disposals	-	-	-	(35,220)	(35,220)
At 30 November 2025	1,000,000	703,218	72,807	45,102	1,821,127
Depreciation
At 1 December 2024	-	392,354	52,363	56,742	501,459
Charge for the year	-	52,755	5,654	7,893	66,302
Eliminated on disposal	-	-	-	(31,044)	(31,044)
At 30 November 2025	-	445,109	58,017	33,591	536,717
Carrying amount
At 30 November 2025	1,000,000	258,109	14,790	11,511	1,284,410
At 30 November 2024	1,000,000	287,795	13,111	23,580	1,324,486

Revaluation

The fair value of the company's Freehold land and buildings was revalued on 5 August 2021 by an independent valuer. The name and qualification of the independent valuer are Eddisons - MRICS
The directors have assessed the fair value of the freehold land and buildings as at 30 November 2025 to be £1,000,000.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £48,210 (2024 - £50,225).

5

Stocks

	2025 £	2024 £
Raw materials and consumables	1,403,850	1,714,248

6

Debtors

Current	2025 £	2024 £
Trade debtors	623,619	667,440
Prepayments	25,893	54,466
Other debtors	6,462,267	3,418
	7,111,779	725,324

Ashtree Vision & Safety Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	107,204	11,938
Trade creditors		78,045	137,413
Taxation and social security		176,381	252,119
Accruals and deferred income		113,788	76,365
Other creditors		16,458	11,326
		491,876	489,161

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	1,328,946	-

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	1,328,946	-

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	107,204	-
Other borrowings	-	11,938
	107,204	11,938

Bank borrowings

Bank borrowings The carrying amount at year end is £1,436,150 (2024 - £Nil). Bank borrowings are secured by a fixed and floating charge over all assets of the company.

Ashtree Vision & Safety Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	15,000	15,000	15,000	15,000

10	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £6,643 (2024 - £10,439). The above amounts are in relation to operating leases.

11	Related party transactions

Transactions with directors

Expenditure with and payables to related parties

2024	Key management £
Amounts payable to related party	11,398

Balances owed to key management are interest free and due on demand.

12	Parent and ultimate parent undertaking

 The ultimate parent is Euston Mirrors Limited, incorporated in England and Wales.
 

Euston Mirrors Limited registered address is 73 Cornhill, London, EC3V 3QQ.