ASHER ASSOCIATES LIMITED

ASHER ASSOCIATES LIMITED

ASHER ASSOCIATES LIMITED - Company Information

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LIMITED2023-05-0871129iso4217:GBPxbrli:pureSC1899512021-11-01SC1899512022-10-31SC1899512021-11-012022-10-31SC1899512020-11-01SC1899512021-10-31SC1899512020-11-012021-10-31SC189951bus:SmallEntities2021-11-012022-10-31SC189951bus:AuditExempt-NoAccountantsReport2021-11-012022-10-31SC189951bus:FullAccounts2021-11-012022-10-31SC189951bus:PrivateLimitedCompanyLtd2021-11-012022-10-31SC189951core:WithinOneYear2022-10-31SC189951core:AfterOneYear2022-10-31SC189951core:WithinOneYear2021-10-31SC189951core:AfterOneYear2021-10-31SC189951core:ShareCapital2022-10-31SC189951core:SharePremium2022-10-31SC189951core:RevaluationReserve2022-10-31SC189951core:OtherReservesSubtotal2022-10-31SC189951core:RetainedEarningsAccumulatedLosses2022-10-31SC189951core:ShareCapital2021-10-31SC189951core:SharePremium2021-10-31SC189951core:RevaluationReserve2021-10-31SC189951core:OtherReservesSubtotal2021-10-31SC189951core:RetainedEarningsAccumulatedLosses2021-10-31SC189951core:LandBuildings2022-10-31SC189951core:PlantMachinery2022-10-31SC189951core:Vehicles2022-10-31SC189951core:FurnitureFittings2022-10-31SC189951core:OfficeEquipment2022-10-31SC189951core:NetGoodwill2022-10-31SC189951core:IntangibleAssetsOtherThanGoodwill2022-10-31SC189951core:ListedExchangeTraded2022-10-31SC189951core:UnlistedNon-exchangeTraded2022-10-31SC189951core:LandBuildings2021-10-31SC189951core:PlantMachinery2021-10-31SC189951core:Vehicles2021-10-31SC189951core:FurnitureFittings2021-10-31SC189951core:OfficeEquipment2021-10-31SC189951core:NetGoodwill2021-10-31SC189951core:IntangibleAssetsOtherThanGoodwill2021-10-31SC189951core:ListedExchangeTraded2021-10-31SC189951core:UnlistedNon-exchangeTraded2021-10-31SC189951core:LandBuildings2021-11-012022-10-31SC189951core:PlantMachinery2021-11-012022-10-31SC189951core:Vehicles2021-11-012022-10-31SC189951core:FurnitureFittings2021-11-012022-10-31SC189951core:OfficeEquipment2021-11-012022-10-31SC189951core:NetGoodwill2021-11-012022-10-31SC189951core:IntangibleAssetsOtherThanGoodwill2021-11-012022-10-31SC189951core:ListedExchangeTraded2021-11-012022-10-31SC189951core:UnlistedNon-exchangeTraded2021-11-012022-10-31SC189951core:MoreThanFiveYears2021-11-012022-10-31SC189951core:Non-currentFinancialInstruments2022-10-31SC189951core:Non-currentFinancialInstruments2021-10-31SC189951dpl:CostSales2021-11-012022-10-31SC189951dpl:DistributionCosts2021-11-012022-10-31SC189951dpl:AdministrativeExpenses2021-11-012022-10-31SC189951core:LandBuildings2021-11-012022-10-31SC189951core:PlantMachinery2021-11-012022-10-31SC189951core:Vehicles2021-11-012022-10-31SC189951core:FurnitureFittings2021-11-012022-10-31SC189951core:OfficeEquipment2021-11-012022-10-31SC189951core:NetGoodwill2021-11-012022-10-31SC189951core:IntangibleAssetsOtherThanGoodwill2021-11-012022-10-31SC189951dpl:GroupUndertakings2021-11-012022-10-31SC189951dpl:ParticipatingInterests2021-11-012022-10-31SC189951dpl:GroupUndertakingscore:ListedExchangeTraded2021-11-012022-10-31SC189951core:ListedExchangeTraded2021-11-012022-10-31SC189951dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-11-012022-10-31SC189951core:UnlistedNon-exchangeTraded2021-11-012022-10-31SC189951dpl:CostSales2020-11-012021-10-31SC189951dpl:DistributionCosts2020-11-012021-10-31SC189951dpl:AdministrativeExpenses2020-11-012021-10-31SC189951core:LandBuildings2020-11-012021-10-31SC189951core:PlantMachinery2020-11-012021-10-31SC189951core:Vehicles2020-11-012021-10-31SC189951core:FurnitureFittings2020-11-012021-10-31SC189951core:OfficeEquipment2020-11-012021-10-31SC189951core:NetGoodwill2020-11-012021-10-31SC189951core:IntangibleAssetsOtherThanGoodwill2020-11-012021-10-31SC189951dpl:GroupUndertakings2020-11-012021-10-31SC189951dpl:ParticipatingInterests2020-11-012021-10-31SC189951dpl:GroupUndertakingscore:ListedExchangeTraded2020-11-012021-10-31SC189951core:ListedExchangeTraded2020-11-012021-10-31SC189951dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2020-11-012021-10-31SC189951core:UnlistedNon-exchangeTraded2020-11-012021-10-31SC189951core:NetGoodwill2022-10-31SC189951core:IntangibleAssetsOtherThanGoodwill2022-10-31SC189951core:LandBuildings2022-10-31SC189951core:PlantMachinery2022-10-31SC189951core:Vehicles2022-10-31SC189951core:FurnitureFittings2022-10-31SC189951core:OfficeEquipment2022-10-31SC189951core:AfterOneYear2022-10-31SC189951core:WithinOneYear2022-10-31SC189951core:ListedExchangeTraded2022-10-31SC189951core:UnlistedNon-exchangeTraded2022-10-31SC189951core:ShareCapital2022-10-31SC189951core:SharePremium2022-10-31SC189951core:RevaluationReserve2022-10-31SC189951core:OtherReservesSubtotal2022-10-31SC189951core:RetainedEarningsAccumulatedLosses2022-10-31SC189951core:NetGoodwill2021-10-31SC189951core:IntangibleAssetsOtherThanGoodwill2021-10-31SC189951core:LandBuildings2021-10-31SC189951core:PlantMachinery2021-10-31SC189951core:Vehicles2021-10-31SC189951core:FurnitureFittings2021-10-31SC189951core:OfficeEquipment2021-10-31SC189951core:AfterOneYear2021-10-31SC189951core:WithinOneYear2021-10-31SC189951core:Liste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ASHER ASSOCIATES LIMITED

Registered Number
SC189951
(Scotland)

Unaudited Financial Statements for the Year ended
31 October 2022

ASHER ASSOCIATES LIMITED
Company Information
for the year from 1 November 2021 to 31 October 2022

Directors

CARSON, Ryan
MILNE, William Andrew

Registered Address

51 Rae Street
Dumfries
DG1 1JD

Registered Number

SC189951 (Scotland)
ASHER ASSOCIATES LIMITED
Statement of Financial Position
31 October 2022

Notes

2022

2021

£

£

£

£

Fixed assets
Tangible assets512,48715,339
12,48715,339
Current assets
Debtors9380,906320,398
Cash at bank and on hand112,355135,099
493,261455,497
Creditors amounts falling due within one year10(154,009)(135,148)
Net current assets (liabilities)339,252320,349
Total assets less current liabilities351,739335,688
Provisions for liabilities11(2,104)(3,324)
Net assets349,635332,364
Capital and reserves
Called up share capital10,43910,439
Other reserves7,5617,561
Profit and loss account331,635314,364
Shareholders' funds349,635332,364
  • The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
The financial statements were approved and authorised for issue by the Board of Directors on 8 May 2023, and are signed on its behalf by:
MILNE, William Andrew
Director
Registered Company No. SC189951
ASHER ASSOCIATES LIMITED
Notes to the Financial Statements
for the year ended 31 October 2022

1.Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
2.Basis of measurement used in financial statements
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
3.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. 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.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery4
Office Equipment3
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leases policy
Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.
Employee benefits policy
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Valuation of financial instruments policy
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
4.Employee information

20222021
Average number of employees during the year1517
5.Property, plant and equipment

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 November 2197,05731,653128,710
Additions4,419-4,419
At 31 October 22101,47631,653133,129
Depreciation and impairment
At 01 November 2181,74231,629113,371
Charge for year7,271-7,271
At 31 October 2289,01331,629120,642
Net book value
At 31 October 2212,4632412,487
At 31 October 2115,3152415,339
6.Description of financial commitments other than capital commitments
At 31 October 2022 the company had future minimum lease payments under non-cancellable operating leases of £42,296 (2021 - £72,152).
7.Off balance sheet pension commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charged in the Statement of Income and Retained Earnings represents contributions payable to the fund by the company for the period. There was an accrued contribution at the balance sheet date of £438 (2021 - £322).
8.Further information regarding the company's financial position
In respect of these Financial Statements the comparative income statement has had £9,252 moved from other operating income to turnover, £8,744 moved from administrative expenses to distribution costs and £495 moved from administrative expenses to other interest payable and similar charges , these reclassifications have not affected the reported profit position which remains the same.
9.Debtors

2022

2021

££
Trade debtors / trade receivables235,054138,097
Prepayments and accrued income145,852182,301
Total380,906320,398
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
10.Creditors within one year

2022

2021

££
Trade creditors / trade payables6,40716,379
Taxation and social security116,17996,514
Other creditors438322
Accrued liabilities and deferred income30,98521,933
Total154,009135,148
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
11.Provisions for liabilities

2022

2021

££
Net deferred tax liability (asset)2,1043,324
Total2,1043,324