Ascension Design Limited - Accounts

ASCENSION DESIGN LIMITED - Company Information

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Registered Number: 04437546

England and Wales

ASCENSION DESIGN LIMITED

Abridged Accounts

Period of accounts

Start date: 01 July 2019

End date: 30 June 2020

Ascension Design Limited
Contents Page
For the year ended 30 June 2020

Accountants' report	1
Statement of financial position	2
Notes to the financial statements	3

Ascension Design Limited Accountants' Report For the year ended 30 June 2020
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Ascension Design Limited for the year ended 30 June 2020 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ascension Design Limited for the year ended 30 June 2020 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys 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, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Ascension Design Limited, as a body, in accordance with the terms of our engagement letter dated. Our work has been undertaken solely to prepare for your approval the accounts of Ascension Design Limited and state those matters that we have agreed to state to the Board of Directors of Ascension Design Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ascension Design Limited and its Board of Directors as a body for our work or for this report. It is your duty to ensure that Ascension Design Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Ascension Design Limited. You consider that Ascension Design 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 accounts of Ascension Design 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 accounts for the year ended 30 June 2020. .................................................... Chawton Hector 12 Wincanton Close Towcester Northamptonshire NN12 6NP 14 December 2020 1

Ascension Design Limited
Accountants' Report
For the year ended 30 June 2020

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Ascension Design Limited for the year ended 30 June 2020

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ascension Design Limited for the year ended 30 June 2020 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys 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, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.

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

It is your duty to ensure that Ascension Design Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Ascension Design Limited. You consider that Ascension Design 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 accounts of Ascension Design 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 accounts for the year ended 30 June 2020.

....................................................
Chawton Hector
12 Wincanton Close
Towcester
Northamptonshire
NN12 6NP
14 December 2020

Ascension Design Limited
Statement of Financial Position
As at 30 June 2020

	Notes	2020 £	2019 £
Fixed assets
Intangible fixed assets	2	1,500	2,250
		1,500	2,250
Current assets
Debtors: amounts falling due within one year		40	514
Cash at bank and in hand		208	1
		248	515
Creditors: amount falling due within one year		(1,337)	(5,573)
Net current assets		(1,089)	(5,058)

Total assets less current liabilities		411	(2,808)
Net assets		411	(2,808)

Capital and reserves
Called up share capital	4	1	1
Profit and loss account		410	(2,809)
Shareholders funds		411	(2,808)

For the year ended 30 June 2020 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with Section 476
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 14 December 2020 and were signed by:

--------------------------------
Christopher Barker
Director

Ascension Design Limited
Notes to the Abridged Financial Statements
For the year ended 30 June 2020

General Information

Ascension Design Limited is a private company, limited by shares , registered in England and Wales , registration number 04437546 , registration address 48 Grange Crescent, Sheffield South, Yorkshire, S11 8AY.

Accounting policies

Significant accounting policies

The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)

Going concern basis

The directors believe that the company will continue to generate sufficient income and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Intangible assets

Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Goodwill
Acquired goodwill is stated at cost less amortisation. Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimate useful life of twenty years.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Fixtures and Fittings	33% Reducing Balance
Computer Equipment	33% Reducing Balance

Intangible fixed assets

Cost	Other	Total
	£	£
At 01 July 2019	15,000	15,000
Additions	-	-
Disposals	-	-
At 30 June 2020	15,000	15,000
Amortisation
At 01 July 2019	12,750	12,750
Charge for year	750	750
On disposals	-	-
At 30 June 2020	13,500	13,500
Net book values
At 30 June 2020	1,500	1,500
At 30 June 2019	2,250	2,250

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Computer Equipment	Total
	£	£	£
At 01 July 2019	9,969	1,537	11,506
Additions	-	-	-
Disposals	-	-	-
At 30 June 2020	9,969	1,537	11,506
Depreciation
At 01 July 2019	9,969	1,537	11,506
Charge for year	-	-	-
On disposals	-	-	-
At 30 June 2020	9,969	1,537	11,506
Net book values
Closing balance as at 30 June 2020	-	-	-
Opening balance as at 01 July 2019	-	-	-

Share Capital

Allotted, called up and fully paid	2020 £		2019 £
1 Ordinary share of £1.00 each	1		1
	1		1

5.	Average number of employees The average monthly number of employees, including directors, during the year/period was 1 (2019 : 2)