Ascension Design Limited - Accounts

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 2021

End date: 30 June 2022

Ascension Design Limited
Contents Page
For the year ended 30 June 2022
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 2022

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 2022 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 company's 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.

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 2022.







....................................................
Chawton Hector
2 Maules Gardens
Bristol
Avon
BS34 8AN

08 February 2023
1
 
 		 Notes
 		 2022
£		   2021
£
Fixed assets      
Intangible fixed assets -    750 
Tangible fixed assets -    200 
-    950 
Current assets      
Debtors: amounts falling due within one year 40    40 
Cash at bank and in hand 553    1,106 
593    1,146 
Creditors: amount falling due within one year (429)   (892)
Net current assets 164    254 
 
Total assets less current liabilities 164    1,204 
Net assets 164    1,204 
 

Capital and reserves 		     
Called up share capital 1    1 
Profit and loss account 163    1,203 
Shareholder's funds 164    1,204 
 


For the year ended 30 June 2022 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges 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 08 February 2023 and were signed by:


--------------------------------
Christopher Barker
Director
2
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.

The presentation currency is £ sterling.
1.

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)
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:
Computer Equipment 33% Reducing Balance
Fixtures and Fittings 33% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 1 (2021 : 1).
3.

Intangible fixed assets

Cost Other   Total
  £   £
At 01 July 2021 15,000    15,000 
Additions -    - 
Disposals -    - 
At 30 June 2022 15,000    15,000 
Amortisation
At 01 July 2021 14,250    14,250 
Charge for year 750    750 
On disposals -    - 
At 30 June 2022 15,000    15,000 
Net book values
At 30 June 2022 -    - 
At 30 June 2021 750    750 


4.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £
At 01 July 2021 400    9,969    1,537    11,906 
Additions -    -    -    - 
Disposals -    -    -    - 
At 30 June 2022 400    9,969    1,537    11,906 
Depreciation
At 01 July 2021 200    9,969    1,537    11,706 
Charge for year 200    -    -    200 
On disposals -    -    -    - 
At 30 June 2022 400    9,969    1,537    11,906 
Net book values
Closing balance as at 30 June 2022 -    -    -    - 
Opening balance as at 01 July 2021 200    -    -    200 


5.

Share Capital

Allotted, called up and fully paid
2022
£		   2021
£
1 Ordinary share of £1.00 each 1    1 
1    1 

3