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 2020

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

31,524

33,776

Tangible assets

5

925

1,484

32,449

35,260

CURRENT ASSETS

Debtors

6

20,314

2,679

Cash at bank

12,575

4,022

32,889

6,701

CREDITORS

Amounts falling due within one year

7

14,888

16,399

NET CURRENT ASSETS/(LIABILITIES)

18,001

(9,698

)

TOTAL ASSETS LESS CURRENT LIABILITIES

50,450

25,562

CREDITORS

Amounts falling due after more than one year

8

50,000

9,233

NET ASSETS

450

16,329

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

449

16,328

SHAREHOLDERS' FUNDS

450

16,329

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 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.

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 17 May 2021 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 twenty 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 1 (2019 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2019

and 31 August 2020

67,556

AMORTISATION

At 1 September 2019

33,780

Charge for year

2,252

At 31 August 2020

36,032

NET BOOK VALUE

At 31 August 2020

31,524

At 31 August 2019

33,776

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2019

and 31 August 2020

3,214

DEPRECIATION

At 1 September 2019

1,730

Charge for year

559

At 31 August 2020

2,289

NET BOOK VALUE

At 31 August 2020

925

At 31 August 2019

1,484

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.8.19

£

£

Social Security & Other Taxes

Recoverable

-

2,679

Directors' Current Accounts

20,314

-

20,314

2,679

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.20

31.8.19

£

£

Trade Creditors

239

55

Corporation Tax

13,281

14,205

Social Security and Other Taxes

-

203

Directors' Current Accounts

-

568

Accrued Expenses

1,368

1,368

14,888

16,399

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.20

31.8.19

£

£

Bank loans - 2-5 years

50,000

-

Directors Loan Account

-

9,233

50,000

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 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 2020 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: 17 May 2021