Ashton Bennett Limited - Period Ending 2015-12-31

Registration number: 03318828

Ashton Bennett Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

V&A Bell Brown LLP
Chartered Accountants and Chartered Tax Advisers
Stoneygate House
2 Greenfield Road
Holmfirth
West Yorkshire
HD9 2JT

Ashton Bennett Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 4

Ashton Bennett Limited
(Registration number: 03318828)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					2,452			2,966
Current assets
Debtors					113,033			247,440
Cash at bank and in hand					1			101
					113,034			247,541
Creditors: Amounts falling due within one year					(126,717)			(210,580)
Net current (liabilities)/assets					(13,683)			36,961
Total assets less current liabilities					(11,231)			39,927
Provisions for liabilities					-			(190)
Net (liabilities)/assets					(11,231)			39,737
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					(11,233)			39,735
Shareholders' (deficit)/funds					(11,231)			39,737

For the year ending 31 December 2015 the company was entitled to exemption 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 her 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 .

Approved by the director on 5 September 2016

.........................................
Mrs F A Bennett
Director

The notes on pages 2 to 4 form an integral part of these financial statements.
Page 1

Ashton Bennett Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Going concern

At the year end the Company had net liabilities of £11,231. The Director is confident that the creditors of the commpany can be paid as and when they fall due. On this basis the Directors believes that it is appropriate to draw up these financial statements on the going concern basis.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Maps and books	25% straight line basis
Plant and machinery	25% straight line basis
Motor vehicles	25% straight line basis
Fixtures and fittings	25% straight line basis

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes, which have arisen but not reversed by the balance sheet date, except as required by the FRSSE. Deferred tax is measured at the rates that are expected to apply in the periods when the timing differences are expected to reverse, based on the tax rates and law enacted at the balance sheet date.

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Ashton Bennett Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2015		55,010			55,010
Additions		1,112			1,112
At 31 December 2015		56,122			56,122
Depreciation
At 1 January 2015		52,044			52,044
Charge for the year		1,626			1,626
At 31 December 2015		53,670			53,670
Net book value
At 31 December 2015		2,452			2,452
At 31 December 2014		2,966			2,966

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		2			2			2			2

Page 3

Ashton Bennett Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

4	Related party transactions

Other related party transactions

During the year the company made the following related party transactions:

Mrs F Bennett ( Director )   Included in other debtors are amounts due from the director which arise because the monies drawn are in excess of the wages, dividends and expenses made on behalf of the company . At the balance sheet date the amount due from Mrs F Bennett was £82,248 ( 2014 - £164,522 ) .

Earthtest Ltd ( A company in which Mrs F Bennett is a director and shareholder )   Included in direct costs is a recharge of consultancy costs from Earthtest Ltd for £23,000 (2014 - £21,000). The recharge was conducted on arms length commercial basis . At the balance sheet date the amount due to Earthtest Ltd was £nil ( 2014 - £21,000 ) .

Page 4