Badley, Ashton & Associates Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01631926 (England and Wales)

BADLEY, ASHTON & ASSOCIATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

10

DIRECTORS:

Ms M Bertouche

B Kostic

SECRETARY:

Ms Z A Fearn

REGISTERED OFFICE:

Winceby House

Winceby

Horncastle

Lincolnshire

LN9 6PB

REGISTERED NUMBER:

01631926 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

FIXED ASSETS

Tangible assets

4

697,123

710,323

Investments

5

52,702

121,600

749,825

831,923

CURRENT ASSETS

Debtors

6

1,500,651

1,532,542

Cash at bank and in hand

91,870

74,525

1,592,521

1,607,067

CREDITORS

Amounts falling due within one year

7

699,943

888,833

NET CURRENT ASSETS

892,578

718,234

TOTAL ASSETS LESS CURRENT LIABILITIES

1,642,403

1,550,157

CREDITORS

Amounts falling due after more than one
year

8

(174,979

)

(219,343

)

PROVISIONS FOR LIABILITIES

(108,243

)

(101,475

)

NET ASSETS

1,359,181

1,229,339

CAPITAL AND RESERVES

Called up share capital

11

5,001

Revaluation reserve

12

264,328

270,621

Retained earnings

12

1,089,852

953,717

SHAREHOLDERS' FUNDS

1,359,181

1,229,339

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2026 and were signed on its behalf by:

Ms M Bertouche - Director

1.	STATUTORY INFORMATION

Badley, Ashton & Associates 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements

The financial statements contain information about Badley, Ashton & Associates Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption

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.

Turnover

Turnover is stated net of VAT and trade discounts.

Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the statement of financial position date, turnover represents the value of the service provided to date based on the hours worked at the agreed hourly rates for that contract. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditor due within one year.

Tangible fixed assets

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

Land and buildings

-

2% on reducing balance

Plant and machinery etc

-

at variable rates on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes cost directly attributable to making the asset capable of operating as intended.

Government grants

Grants are recognised as income in the period in which they become receivable.

Investments in subsidiaries

Investments in subsidiary undertakings was initially recognised at cost. Subsequently the carrying amount has been adjusted to reflect foreign exchange movements since initial recognition of the investment.

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 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. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Statements of Income and Retained Earnings.

Foreign exchange gains and losses that related to borrowings and cash and cash equivalents are presented in the Statements of Income and Retained Earnings within finance costs. All other foreign exchange gains and losses are presented in the Statement of Income and Retained Earnings within other operating income.

Hire purchase and leasing commitments

Assets obtained under hire purchase contract or finance leases are capitalised in the statement of financial position. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimate useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to the income statement over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to statement of income and retained earnings 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 the income statement in the period to which they relate.

Other operating income

Other operating income represents income arising from the recharge of employee wage costs to associated companies, where employees of the Company provide services to those companies. Other operating income is recognised in the period in which the related costs are incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2024 - 26 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST OR VALUATION

At 1 January 2025

700,000

1,197,309

1,897,309

Additions

-

13,774

Disposals

-

(5,404

)

(5,404

)

At 31 December 2025

700,000

1,205,679

1,905,679

DEPRECIATION

At 1 January 2025

79,820

1,107,166

1,186,986

Charge for year

12,403

14,130

26,533

Eliminated on disposal

-

(4,963

)

(4,963

)

At 31 December 2025

92,223

1,116,333

1,208,556

NET BOOK VALUE

At 31 December 2025

607,777

89,346

697,123

At 31 December 2024

620,180

90,143

710,323

Cost or valuation at 31 December 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

Valuation in 2019

419,567

-

419,567

Cost

280,433

1,205,679

1,486,112

700,000

1,205,679

1,905,679

If freehold property had not been revalued it would have been included at the following historical cost:

2025

2024

as restated

£

Cost

280,433

Freehold property was valued on an open market basis on 19 February 2019 by Turner Evans Stevens Limited .

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST OR VALUATION

At 1 January 2025

121,600

Disposals

(60,902

)

Exchange differences

(7,996

)

At 31 December 2025

52,702

NET BOOK VALUE

At 31 December 2025

52,702

At 31 December 2024

121,600

Cost or valuation at 31 December 2025 is represented by:

Shares in

group

undertakings

£

Valuation in 2022

16,729

Valuation in 2023

(5,935

)

Valuation in 2024

1,915

Valuation in 2025

(7,996

)

Cost

47,989

52,702

The valuation fluctuates each year depending on the exchange rate at the financial position end date.

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Badley Ashton America Inc

Registered office: C/O, Carr Riggs & Ingram LLC, 2 Riverway, 15th Floor, Houston, Texas, 77056-2084

Nature of business: Reservoir geoscience consultancy

%

Class of shares:

holding

Ordinary

100.00

Preference shares

100.00

On the 25 April 2025, 81,000 Series A preference shares were redeemed by Badley Ashton America Inc.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

Trade debtors

730,578

459,915

Amounts owed by group undertakings

327,053

220,782

Amounts recoverable on contract

372,629

765,481

Other debtors

70,391

86,364

1,500,651

1,532,542

Amounts owed from group undertakings are unsecured, accrue no interest and are repayable on demand.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

Bank loans and overdrafts

317,980

457,157

Hire purchase contracts (see note 9)

-

7,581

Trade creditors

29,538

43,602

Amounts owed to group undertakings

-

1,701

Taxation and social security

64,908

26,573

Other creditors

287,517

352,219

699,943

888,833

Amounts owed to group undertakings are unsecured, interest free and repayable on demand.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

as restated

£

Bank loans

174,979

219,343

2025

2024

as restated

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years by
installments

94,779

122,457

9.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

as restated

£

Net obligations repayable:

Within one year

-

7,581

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

as restated

£

Bank overdrafts

186,132

343,352

Bank loans

306,827

333,148

Hire purchase contracts

-

7,581

492,959

684,081

HSBC Bank plc hold a second legal charge over freehold property and debenture including all asset and undertakings of the company

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

as restated

£

5,000

Ordinary A

£1

5,000

1

Ordinary B

£1

1

5,001

12.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

At 1 January 2025

953,717

270,621

1,224,338

Profit for the year

129,842

Excess depreciation over cost

8,391

(8,391

)

-

Deferred tax movement

(2,098

)

2,098

-

At 31 December 2025

1,089,852

264,328

1,354,180

Retained earnings relate to accumulated profits less accumulated losses less any distributions. Retained earnings is a distributable reserve.

Revaluation reserve relates to gains less losses on revaluation of assets less any transfers of the excess depreciation on revaluation on freehold property net of any associated tax charges. Revaluation reserve is a non-distributable reserve.

13.	CONTINGENT LIABILITIES

At 31 December 2025 the group had provided guarantees to its bankers to the value of 150,500 AED (2024: 150,500 AED) and $8,000 (2024: $8,000).

14.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Badley Ashton Limited. Badley Ashton Limited is ultimately controlled by the shareholders.