Ashdown Design and Marketing Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 03113078 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

ASHDOWN DESIGN AND MARKETING LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

Directors:

M A Gooday

Mrs J E Gooday

D T Gooday

Registered office:

The Old Maltings

Hall Road

Heybridge

Maldon

Essex

CM9 4NJ

Registered number:

03113078 (England and Wales)

Accountants:

Baverstocks Limited

Chartered Certified Accountants

Dickens House

Guithavon Street

Witham

Essex

CM8 1BJ

Fixed assets

Intangible assets

4

37,416

40,649

Tangible assets

5

86,640

168,437

124,056

209,086

Current assets

Stocks

411,976

194,207

Debtors

634,435

637,314

Cash at bank and in hand

63,986

215,606

1,110,397

1,047,127

Creditors

Amounts falling due within one year

439,310

483,092

Net current assets

671,087

564,035

Total assets less current liabilities

795,143

773,121

Creditors

Amounts falling due after more than one year

110,671

129,527

Net assets

684,472

643,594

Capital and reserves

Called up share capital

10,000

10,000

Retained earnings

674,472

633,594

Shareholders' funds

684,472

643,594

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2023 and were signed on its behalf by:

M A Gooday - Director

1.	Statutory information

Ashdown Design and Marketing Limited 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.

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.

Patents and Licences are being amortised evenly over their estimated useful life of ten years.

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

-

25% on reducing balance

Fixtures and Fittings

-

10% on reducing balance

Motor Vehicles

-

15% on reducing balance

Office Equipment

-

25% on reducing balance

Stocks

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

Taxation

Taxation for the year 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.

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.

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 4 (2021 - 3 ) .

4.	Intangible fixed assets

Totals

£

Cost

At 1 January 2022

169,396

Additions

4,130

Disposals

(99,937

)

At 31 December 2022

73,589

Amortisation

At 1 January 2022

128,747

Amortisation for year

7,363

Eliminated on disposal

(99,937

)

At 31 December 2022

36,173

Net book value

At 31 December 2022

37,416

At 31 December 2021

40,649

5.	Tangible fixed assets

Totals

£

Cost

At 1 January 2022

431,011

Disposals

(149,912

)

At 31 December 2022

281,099

Depreciation

At 1 January 2022

262,574

Charge for year

15,749

Eliminated on disposal

(83,864

)

At 31 December 2022

194,459

Net book value

At 31 December 2022

86,640

At 31 December 2021

168,437