Company Registration No. 03850762 (England and Wales)
ASHTHORN LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014
ASHTHORN LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
ASHTHORN LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2014
30 September 2014
- 1 -
2014
2013
Notes
£
£
£
£
Fixed assets
Intangible assets
2
110,080
110,080
Tangible assets
2
89,700
89,700
199,780
199,780
Current assets
Debtors
33
30
Cash at bank and in hand
4,381
2,354
4,414
2,384
Creditors: amounts falling due within one year
(81,172)
(85,561)
Net current liabilities
(76,758)
(83,177)
Total assets less current liabilities
123,022
116,603
Capital and reserves
Called up share capital
3
2
2
Profit and loss account
123,020
116,601
Shareholders' funds
123,022
116,603
For the financial year ended 30 September 2014 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 21 January 2015
Mr. R.K. Mahapatra
Dr. J.K. Mahapatra
Director
Director
Company Registration No. 03850762
ASHTHORN LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014
- 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 amounts receivable for goods and services net of VAT and trade discounts.
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
2
Fixed assets
Intangible assets
Tangible assets
Total
£
£
£
Cost
At 1 October 2013 & at 30 September 2014
110,080
89,700
199,780
At 30 September 2013
110,080
89,700
199,780
3
Share capital
2014
2013
£
£
Allotted, called up and fully paid
2 Ordinary of £1 each
2
2
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