Ashton Easy Wash Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 00863254 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

FOR

ASHTON EASY WASH LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTORS:

S T Wright

G B Wright

REGISTERED OFFICE:

45 Union Road

New Mills

High Peak

SK22 3EL

REGISTERED NUMBER:

00863254 (England and Wales)

ACCOUNTANTS:

A.Allen & Son Limited

45 Union Road

New Mills

High Peak

SK22 3EL

FIXED ASSETS

Tangible assets

4

98,143

100,474

CURRENT ASSETS

Debtors

1,755

1,660

Cash at bank and in hand

22,950

15,204

24,705

16,864

CREDITORS

Amounts falling due within one year

46,034

28,189

NET CURRENT LIABILITIES

(21,329

)

(11,325

)

TOTAL ASSETS LESS CURRENT LIABILITIES

76,814

89,149

CREDITORS

Amounts falling due after more than one year

33,215

43,215

NET ASSETS

43,599

45,934

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

43,499

45,834

SHAREHOLDERS' FUNDS

43,599

45,934

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 5 June 2023 and were signed on its behalf by:

G B Wright - Director

1.	STATUTORY INFORMATION

Ashton Easy Wash 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Freehold property

-

2% on cost

Plant and machinery

-

15% on reducing balance

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 balance sheet date.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2021 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2021

and 31 October 2022

148,939

DEPRECIATION

At 1 November 2021

48,465

Charge for year

2,331

At 31 October 2022

50,796

NET BOOK VALUE

At 31 October 2022

98,143

At 31 October 2021

100,474

5.	RELATED PARTY DISCLOSURES

G B Wright & ST Wright (Partnership)

During the year the company incurred management services and charges for the sum of £24,800 (2021: £14,800) from the partnership, a business in which G B Wright is a partner. At the year end the amount owing to the partnership was £25,433. (2021: £8,560)

The company has a loan from the partnership which has terms such that minimum repayments of £10,000 per annum must be made and the loan may run for a maximum of 8 years. Repayments were made during the year of £10,000 (2021 : £6,500) leaving a closing balance of £43,215 (2021 : £53,215). The loan is expected to be repaid by the 31st of October 2025 and the option to charge interest on a commercial basis is at the discretion of the partners.

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G B Wright.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ashton Easy Wash Limited for the year ended 31 October 2022 which comprise the Statement of Income and Retained Earnings, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ashton Easy Wash Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ashton Easy Wash Limited and state those matters that we have agreed to state to the Board of Directors of Ashton Easy Wash Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ashton Easy Wash Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ashton Easy Wash Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Ashton Easy Wash Limited. You consider that Ashton Easy Wash Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ashton Easy Wash Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

A.Allen & Son Limited

45 Union Road

New Mills

High Peak

SK22 3EL

5 June 2023