Company Registration No. 03041575 (England and Wales)
Ashby Professional Services Limited
Unaudited accounts
for the year ended 30 April 2021
Ashby Professional Services Limited
Unaudited accounts
Contents
Ashby Professional Services Limited
Company Information
for the year ended 30 April 2021
Company Number
03041575 (England and Wales)
Registered Office
Churchill House
137-139 Brent Street
London
NW4 4DJ
Accountants
Clearfin Accountants Limited
Churchill House
137-139 Brent Street
London
NW4 4DJ
Ashby Professional Services Limited
Statement of financial position
as at 30 April 2021
Investment property
40,023
40,023
Cash at bank and in hand
10,317
2,212
Creditors: amounts falling due within one year
(25,744)
(27,587)
Net current (liabilities)/assets
(10,927)
635
Called up share capital
2
2
Profit and loss account
63,632
73,336
Shareholders' funds
63,634
73,338
For the year ending 30 April 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 January 2022 and were signed on its behalf by
M Rosen
Director
Company Registration No. 03041575
Ashby Professional Services Limited
Notes to the Accounts
for the year ended 30 April 2021
Ashby Professional Services Limited is a private company, limited by shares, registered in England and Wales, registration number 03041575. The registered office is Churchill House, 137-139 Brent Street, London, NW4 4DJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Investments in shares are included at fair value.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on reducing value
Ashby Professional Services Limited
Notes to the Accounts
for the year ended 30 April 2021
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 May 2020
40,023
The investment property was valued by the director on an open market for existing use basis.
6
Investments
Other investments
Valuation at 1 May 2020
32,680
Valuation at 30 April 2021
32,680
Investments comprise shares held in listed UK companies.
7
Debtors: amounts falling due within one year
2021
2020
Trade debtors
4,500
26,010
8
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
2
1,259
Loans from directors
25,742
26,328
9
Transactions with related parties
Included in the creditors is an amount of £25,742 (2020: £26,328) due to a director of the company.
10
Average number of employees
During the year the average number of employees was 1 (2020: 1).
