Ashley Wilkinson Associates Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09177022 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2019

FOR

ASHLEY WILKINSON ASSOCIATES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTOR:

A J Wilkinson

REGISTERED OFFICE:

2 Gunnery Mews

College Town

Sandhurst

GU47 0AE

REGISTERED NUMBER:

09177022 (England and Wales)

ACCOUNTANTS:

Harlows Accountants

Lexham House Forest Road

Binfield

Bracknell

Berkshire

RG42 4HP

BANKERS:

Barclays Bank PLC

51 Saffron Road

South Wigston

Leicester

LE87 2BB

FIXED ASSETS

Intangible assets

4

33,776

40,532

Tangible assets

5

1,484

1,291

35,260

41,823

CURRENT ASSETS

Debtors

6

2,679

-

Cash at bank

4,022

7,214

6,701

7,214

CREDITORS

Amounts falling due within one year

7

16,399

22,575

NET CURRENT LIABILITIES

(9,698

)

(15,361

)

TOTAL ASSETS LESS CURRENT LIABILITIES

25,562

26,462

CREDITORS

Amounts falling due after more than one year

8

9,233

9,233

NET ASSETS

16,329

17,229

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

16,328

17,228

SHAREHOLDERS' FUNDS

16,329

17,229

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

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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings for the year ended 31 August 2019 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 director and authorised for issue on 19 May 2020 and were signed by:

A J Wilkinson - Director

1.	STATUTORY INFORMATION

Ashley Wilkinson Associates 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery etc

-

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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2018 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2018

and 31 August 2019

67,556

AMORTISATION

At 1 September 2018

27,024

Charge for year

6,756

At 31 August 2019

33,780

NET BOOK VALUE

At 31 August 2019

33,776

At 31 August 2018

40,532

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2018

2,375

Additions

839

At 31 August 2019

3,214

DEPRECIATION

At 1 September 2018

1,084

Charge for year

646

At 31 August 2019

1,730

NET BOOK VALUE

At 31 August 2019

1,484

At 31 August 2018

1,291

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Social Security & Other Taxes

Recoverable

2,679

-

2,679

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.19

31.8.18

£

£

Trade Creditors

55

-

Corporation Tax

14,205

19,486

Social Security and Other Taxes

203

1,573

Directors' Current Accounts

568

276

Accrued Expenses

1,368

1,240

16,399

22,575

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.19

31.8.18

£

£

Directors Loan Account

9,233

9,233

The following reproduces the text of the report prepared for the director 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 Abridged Income Statement and certain other primary

statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2019 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Harlows Accountants

Lexham House Forest Road

Binfield

Bracknell

Berkshire

RG42 4HP

Date: .............................................