Company Registration No. 04796672 (England and Wales)
ASHA INCORPORATED LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2013
ASHA INCORPORATED LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ASHA INCORPORATED LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2013
31 August 2013
- 1 -
2013
2012
Notes
£
£
£
£
Fixed assets
Intangible assets
2
1
1
Tangible assets
2
340,294
334,022
340,295
334,023
Current assets
Debtors
492,367
476,159
Cash at bank and in hand
14,438
18,643
506,805
494,802
Creditors: amounts falling due within one year
(673,077)
(662,235)
Net current liabilities
(166,272)
(167,433)
Total assets less current liabilities
174,023
166,590
Capital and reserves
Called up share capital
3
40
40
Profit and loss account
173,983
166,550
Shareholders' funds
174,023
166,590
For the financial year ended 31 August 2013 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 9 February 2015
Mr H Mahadoo
Director
Company Registration No. 04796672
ASHA INCORPORATED LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2013
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.
1.4
Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.
1.5
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
no depreciation is charged
Fixtures, fittings & equipment
15% Reducing Balance
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 September 2012
1
366,709
366,710
Additions
10,631
10,631
At 31 August 2013
1
377,340
377,341
Depreciation
At 1 September 2012
32,687
32,687
Charge for the year
4,359
4,359
At 31 August 2013
37,046
37,046
Net book value
At 31 August 2013
1
340,294
340,295
At 31 August 2012
1
334,022
334,023
ASHA INCORPORATED LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2013
- 3 -
3
Share capital
2013
2012
£
£
Allotted, called up and fully paid
40 Ordinary of £1 each
40
40
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