Ascot Design Limited - Limited company - abbreviated - 11.9

Ascot Design Limited - Limited company - abbreviated - 11.9

ASCOT DESIGN LIMITED - Company Information

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REGISTERED NUMBER: 08571779 (England and Wales)













ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

FOR

ASCOT DESIGN LIMITED

ASCOT DESIGN LIMITED (REGISTERED NUMBER: 08571779)






CONTENTS OF THE ABBREVIATED ACCOUNTS
For The Year Ended 30 September 2015




Page

Company Information 1

Report of the Accountants 2

Abbreviated Balance Sheet 3

Notes to the Abbreviated Accounts 4

ASCOT DESIGN LIMITED

COMPANY INFORMATION
For The Year Ended 30 September 2015







DIRECTORS: W Joseph
R G Barnett





REGISTERED OFFICE: Berkshire House
39-51 High Street
Ascot
Berkshire
SL5 7HY





REGISTERED NUMBER: 08571779 (England and Wales)





ACCOUNTANTS: Kirk Rice LLP
The Courtyard
High Street
Ascot
Berkshire
SL5 7HP
Page 1
ASCOT DESIGN LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
ASCOT DESIGN LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial
statements, from which the unaudited abbreviated accounts (set out on pages three to five) have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2015 set out on pages four to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Kirk Rice LLP
The Courtyard
High Street
Ascot
Berkshire
SL5 7HP


1 April 2016

This page does not form part of the abbreviated accounts

Page 2
ASCOT DESIGN LIMITED (REGISTERED NUMBER: 08571779)

ABBREVIATED BALANCE SHEET
30 September 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 675,000 900,000
Tangible assets 3 31,650 20,126
706,650 920,126

CURRENT ASSETS
Debtors 640,596 620,108
Cash at bank and in hand 450,747 101,358
1,091,343 721,466
CREDITORS
Amounts falling due within one year 923,448 1,267,270
NET CURRENT ASSETS/(LIABILITIES) 167,895 (545,804 )
TOTAL ASSETS LESS CURRENT LIABILITIES 874,545 374,322

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 874,445 374,222
SHAREHOLDERS' FUNDS 874,545 374,322

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 31 March 2016 and were signed on its behalf by:





W Joseph - Director


The notes form part of these abbreviated accounts

Page 3
ASCOT DESIGN LIMITED (REGISTERED NUMBER: 08571779)

NOTES TO THE ABBREVIATED ACCOUNTS
For The Year Ended 30 September 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting
Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents the total amount receivable by the company for services provided, excluding VAT, and is recognised in line with the
performance of these services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five 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 cost
Fixtures and fittings - 10% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

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
the profit and loss account in the period to which they relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2014
and 30 September 2015 1,125,000
AMORTISATION
At 1 October 2014 225,000
Amortisation for year 225,000
At 30 September 2015 450,000
NET BOOK VALUE

At 30 September 2015 675,000
At 30 September 2014 900,000

Page 4 continued...
ASCOT DESIGN LIMITED (REGISTERED NUMBER: 08571779)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
For The Year Ended 30 September 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2014 23,892
Additions 18,261
At 30 September 2015 42,153
DEPRECIATION
At 1 October 2014 3,766
Charge for year 6,737
At 30 September 2015 10,503
NET BOOK VALUE
At 30 September 2015 31,650
At 30 September 2014 20,126

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100

5. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the director, W Joseph, £529,050 (2014: £877,832) due to the amounts loaned to the
company. The loan is interest free and repayable on demand.

At the balance sheet date the company owed the director, R G Barnett, £56,440 (2014: £112,183) due to the amounts loaned to the
company. The loan is interest free and repayable on demand.

During the year £30,646 (2014: £15,200) of dividends were paid to the director, W Joseph.

During the year £5,408 (2014: £2,682) of dividends were paid to the director, R G Barnett.

6. ULTIMATE CONTROLLING PARTY

The company is owned and controlled by the director, W Joseph, by virtue of his majority interest in the company's issued share capital.

Page 5