Ashdown Kitchens Ltd - Accounts to registrar (filleted) - small 18.2

Ashdown Kitchens Ltd - Accounts to registrar (filleted) - small 18.2

ASHDOWN KITCHENS LTD - Company Information

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REGISTERED NUMBER: 04057626 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 29 MARCH 2020 TO 27 MARCH 2021

FOR

ASHDOWN KITCHENS LTD
ASHDOWN KITCHENS LTD (REGISTERED NUMBER: 04057626)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 29 MARCH 2020 TO 27 MARCH 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASHDOWN KITCHENS LTD

COMPANY INFORMATION
FOR THE PERIOD 29 MARCH 2020 TO 27 MARCH 2021







DIRECTOR: P Williams





REGISTERED OFFICE: 17 Llandeilo Road
Crosshands
Carmarthen
SA14 6NA





REGISTERED NUMBER: 04057626 (England and Wales)





ACCOUNTANTS: HR Harris & Partners (2010) Limited
Chartered Accountants
Pembroke House
Charter Court
Swansea Enterprise Park
Swansea
West Glamorgan
SA7 9FS
Page 1
ASHDOWN KITCHENS LTD (REGISTERED NUMBER: 04057626)

BALANCE SHEET
27 MARCH 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 61,161 26,781

CURRENT ASSETS
Stocks 3,761 4,950
Debtors 5 1,235 1,425
Cash at bank 4,260 -
9,256 6,375
CREDITORS
Amounts falling due within one year 6 72,212 54,743
NET CURRENT LIABILITIES (62,956 ) (48,368 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(1,795
)
(21,587
)

CREDITORS
Amounts falling due after more than one
year
7
19,078
7,487
NET LIABILITIES (20,873 ) (29,074 )

CAPITAL AND RESERVES
Called up share capital 49 49
Retained earnings (20,922 ) (29,123 )
SHAREHOLDERS' FUNDS (20,873 ) (29,074 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 March 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 March 2021 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 notes form part of these financial statements

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ASHDOWN KITCHENS LTD (REGISTERED NUMBER: 04057626)

BALANCE SHEET - continued
27 MARCH 2021


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 June 2022 and were signed by:





P Williams - Director


The notes form part of these financial statements

Page 3
ASHDOWN KITCHENS LTD (REGISTERED NUMBER: 04057626)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 29 MARCH 2020 TO 27 MARCH 2021

1. STATUTORY INFORMATION

Ashdown Kitchens 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The balances presented in these financial statements are rounded to the nearest pound.

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.

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 - 25% on reducing balance and 20% on reducing balance

Government grants
Government grants which the company has claimed which relate to the year have been recognised using the accrual method.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at transaction price unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, including trade and other creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Page 4 continued...
ASHDOWN KITCHENS LTD (REGISTERED NUMBER: 04057626)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29 MARCH 2020 TO 27 MARCH 2021

2. ACCOUNTING POLICIES - continued

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 period 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.

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.

Going concern
The going concern basis of accounting is considered appropriate due to the ongoing support of the director.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2020 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 29 March 2020 13,000 30,718 43,718
Additions - 37,825 37,825
At 27 March 2021 13,000 68,543 81,543
DEPRECIATION
At 29 March 2020 - 16,937 16,937
Charge for period - 3,445 3,445
At 27 March 2021 - 20,382 20,382
NET BOOK VALUE
At 27 March 2021 13,000 48,161 61,161
At 28 March 2020 13,000 13,781 26,781

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 1,235 1,425

Page 5 continued...
ASHDOWN KITCHENS LTD (REGISTERED NUMBER: 04057626)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 29 MARCH 2020 TO 27 MARCH 2021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts - 2,694
Hire purchase contracts 3,098 3,098
Trade creditors 1,103 6,334
Taxation and social security 589 283
Other creditors 67,422 42,334
72,212 54,743

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Bank loans 15,000 -
Hire purchase contracts 4,078 7,487
19,078 7,487

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in Other Creditor is a balance of £63,837 (2020 £40,928) owed to Mr P Williams the director. The loan is not accruing any interest and has no fixed repayment term.

Page 6