Ashcroft Holdings Ltd - Accounts to registrar (filleted) - small 18.2

Ashcroft Holdings Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 11279224 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30th September 2020

for

Ashcroft Holdings Ltd

Ashcroft Holdings Ltd (Registered number: 11279224)






Contents of the Financial Statements
for the year ended 30th September 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ashcroft Holdings Ltd

Company Information
for the year ended 30th September 2020







DIRECTORS: C Ashcroft
Ms P Ward





REGISTERED OFFICE: Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE





REGISTERED NUMBER: 11279224 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

Ashcroft Holdings Ltd (Registered number: 11279224)

Balance Sheet
30th September 2020

2020 2019
Notes £    £   
CURRENT ASSETS
Debtors 4 51,000 -
Cash at bank and in hand 690 100
51,690 100
CREDITORS
Amounts falling due within one year 5 10,960 -
NET CURRENT ASSETS 40,730 100
TOTAL ASSETS LESS CURRENT
LIABILITIES

40,730

100

CREDITORS
Amounts falling due after more than one
year

6

40,000

-
NET ASSETS 730 100

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 630 -
730 100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2020 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.

Ashcroft Holdings Ltd (Registered number: 11279224)

Balance Sheet - continued
30th September 2020



The financial statements were approved by the Board of Directors and authorised for issue on 23rd December 2021 and were signed on its behalf by:





C Ashcroft - Director


Ashcroft Holdings Ltd (Registered number: 11279224)

Notes to the Financial Statements
for the year ended 30th September 2020

1. STATUTORY INFORMATION

Ashcroft Holdings Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Other debtors 51,000 -

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Bank loans and overdrafts 10,000 -
Other creditors 960 -
10,960 -

Ashcroft Holdings Ltd (Registered number: 11279224)

Notes to the Financial Statements - continued
for the year ended 30th September 2020

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2020 2019
£    £   
Bank loans 40,000 -

No security was required for the bank loan.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th September 2020 and 30th September 2019:

2020 2019
£    £   
Ms P Ward
Balance outstanding at start of year - -
Amounts advanced 1,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,000 -

The director's loan account is repayable within nine months of the accounting period end.

8. RELATED PARTY DISCLOSURES

An interest free loan of £50,000 has been made to a company under common control, which is included in Other Debtors.

9. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors.