Ashberry Associates Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07458345 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

ASHBERRY ASSOCIATES LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

J D Porteous

SECRETARY:

Mrs S A Porteous

REGISTERED OFFICE:

St George's House

215-219 Chester Road

Manchester

Lancashire

M15 4JE

REGISTERED NUMBER:

07458345 (England and Wales)

FIXED ASSETS

Tangible assets

4

507

299

CURRENT ASSETS

Debtors

5

6,000

19,200

Cash at bank

45,879

26,583

51,879

45,783

CREDITORS

Amounts falling due within one year

6

21,108

22,904

NET CURRENT ASSETS

30,771

22,879

TOTAL ASSETS LESS CURRENT LIABILITIES

31,278

23,178

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

31,276

23,176

SHAREHOLDERS' FUNDS

31,278

23,178

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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 30 June 2020 and were signed by:

J D Porteous - Director

1.	STATUTORY INFORMATION

Ashberry 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.

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.

Turnover

Turnover represents the value of services supplied, excluding value added tax.

Tangible fixed assets

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

Computer equipment

-

33% on cost

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.

Covid-19

Due to the current unprecedented market and economic conditions i the United Kingdom and internationally, the

expected impact of the COVID-19pandemic on the company's operations cannot be reasonably estimated.

The director considers that the pandemic will have a limited impact on the business in the short term. The

company delivers much of its services remotely and is able to carry out most of its functions supporting its

customers.

Revenue may fall if customers are hit by the pandemic, but expenses will also decrease as a result which will

mitigate the impact on profits and the company has sufficient reserves in place to cover any deficit for at least

twelve months from the date of approving these financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2019

2,157

Additions

416

At 31 December 2019

2,573

DEPRECIATION

At 1 January 2019

1,858

Charge for year

208

At 31 December 2019

2,066

NET BOOK VALUE

At 31 December 2019

507

At 31 December 2018

299

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

6,000

19,200

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

-

226

Taxation and social security

19,516

20,912

Other creditors

1,592

1,766

21,108

22,904