Ashfield Appliance Spares Ltd Accounts






Ashfield Appliance Spares Ltd

	Company No. 12313851
		Information for Filing with The Registrar
		31 May 2026

The Director presents his report and the accounts for the year ended 31 May 2026.

Principal activities
The principal activity of the company during the year under review was sale of spares for domestic electrical equipment.




Director

The Director who served at any time during the year was as follows:

Jonathan Marsh









































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

Jonathan Marsh
Director
01 October 2026

at	31 May 2026
Company No.		12313851	Notes	2026	2025
				£	£






Current assets
	Stocks		5	500	500
	Debtors		6	37,454	55,182

	Cash at bank and in hand			4,573	11
				42,527	55,693
Creditors: Amount falling due within one year			7	(41,102)	(55,145)
Net current assets				1,425	548
Total assets less current liabilities				1,425	548
Creditors: Amounts falling due after more than one year			8	(467)	-



Net assets				958	548

Capital and reserves
	Called up share capital			100	100



	Profit and loss account		10	858	448

Total equity				958	548



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 31 May 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 01 October 2026 and signed on its behalf by:
Jonathan Marsh
Director
01 October 2026

for the year ended 31 May 2026

General information

Ashfield Appliance Spares Ltd is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 12313851

Its registered office is:

Kestrel Business Centre

Colwick Industrial Estate

Nottingham

NG4 2JR

The accounts have been prepared in accordance and comply with FRS 102 and Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Going concern

The financial statements have been prepared on the going concern basis. The director is not aware of any material threats to the ability of the company to continue as a going concern for the foreseeable future.

Accounting policies

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

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

Motor vehicles

25% Reducing Balance

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term 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.

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables and cash and bank balances, are recognised and carried forward at transaction price. Financial assets are derecognised when:

(a) The contractual rights to the cash flows from the asset expire or are settled;

(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, and loans from third parties are initially recognised and carried forward at transaction price.

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

The company has only financial assets and financial liabilities of a kind that qualify as a basic financial instruments. Basic financial instruments are recognised initially at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest rate method.

Group accounts exemption

The company is a parent undertaking subject to the small companies regime The company and its
subsidiary undertaking comprise a small group. The company has therefor taken advantage of the option provided by Section 398 of the Companies Act 2006 not to prepare group accounts. The financial
statements therefor present information in respect of the company as an individual entity.

Exemption from related party transactions

The company has taken advantage of the exemption within the paragraph 33 of FRS102 and on the basis of that exemption transactions with companies in the same wholly owned group of companies have not been disclosed.

Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.

3	Employees
			2026	2025
			Number	Number
		The average monthly number of employees (including directors) during the year was:	2	2

4	Taxation
		(a) Tax on profit on ordinary activities	2026	2025
		The tax charge is made up as follows:	£	£
		UK corporation tax
		Charge for the period	3,783	3,452
		Charge for prior periods	1,657	-
		Total corporation tax	5,440	3,452





		Tax on profit on ordinary activities	5,440	3,452

		(b) Factors affecting the total tax charge for the period
		The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The differences are reconciled below:
		Higher	2026	2025
		5440	£	£
		Profit on ordinary activities before tax	19,850	18,166



		Profit on ordinary activities multiplied by standard rate of corporation tax in the United Kingdom	-	-
		Expenses not deductible for tax purposes	3,783	3,452
		Adjustments to charge in respect of prior periods	1,657	-



		Tax on profit on ordinary activities	5,440	3,452

5	Stocks
			2026	2025
			£	£
		Raw materials and consumables	500	500


			500	500

6	Debtors
			2026	2025
			£	£
		Trade debtors	14	79
		Amounts owed by group undertakings	2,517	-
		Corporation tax recoverable	6,589	6,589


		Loans to directors	28,334	48,514


			37,454	55,182

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

		Bank loans and overdrafts	-	485
		Other loans	1,400	9,124

		Trade creditors	9,614	13,958
		Amounts owed to group undertakings	-	855
		Taxes and social security	28,724	25,925

		Other creditors	-	1,660
		Accruals and deferred income	1,364	3,138
			41,102	55,145

8	Creditors:
		amounts falling due after more than one year
			2026	2025
			£	£


		Other loans	467	-





			467	-

Share Capital

Share capital consists of 100 ordinary shares of £1 each all fully paid.

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

11	Related party transactions
	During the year, the following loan to the director of the company subsisted.
	The loan was free of interest, unsecured and repayable upon demand.
	The details were as follows:
		2026	2025
		£	£
	Balance at 1 June 2025	48,514	48,522
	Amounts advanced	12,555	27,432
	Amounts repaid	(32,735)	(27,440)
	Balance at 31 May 2026	28,334	48,514

12	Dividends
			2026	2025
			£	£
		Dividends for the period:
		Dividends paid in the period	14,000	15,000

			14,000	15,000

		Dividends by type:

		Equity dividends	14,000	15,000
			14,000	15,000