ASHA_INCORPORATED_LIMITED - Accounts

ASHA INCORPORATED LIMITED - Company Information

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Company Registration No. 04796672 (England and Wales)

ASHA INCORPORATED LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2016

ASHA INCORPORATED LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ASHA INCORPORATED LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 AUGUST 2016

- 1 -

2016

2015

Notes

Fixed assets

Intangible assets

Tangible assets

342,715

343,141

342,716

343,142

Current assets

Debtors

584,383

565,924

Cash at bank and in hand

68,533

44,868

652,916

610,792

Creditors: amounts falling due within one year

(627,749)

(652,060)

Net current assets/(liabilities)

25,167

(41,268)

Total assets less current liabilities

367,883

301,874

Provisions for liabilities

(229)

(4,832)

367,654

297,042

Capital and reserves

Called up share capital

Profit and loss account

367,614

297,002

Shareholders' funds

367,654

297,042

For the financial year ended 31 August 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 24 May 2017

Mr H Mahadoo

Director

Company Registration No. 04796672

ASHA INCORPORATED LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

1.4

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

1.5

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

no depreciation is charged

Fixtures, fittings & equipment

15% Reducing Balance

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

ASHA INCORPORATED LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2016

- 3 -

Fixed assets

Intangible assets

Tangible assets

Total

Cost

At 1 September 2015

388,631

388,632

Additions

4,063

At 31 August 2016

392,694

392,695

Depreciation

At 1 September 2015

45,490

Charge for the year

4,489

At 31 August 2016

49,979

Net book value

At 31 August 2016

342,715

342,716

At 31 August 2015

343,141

343,142

Share capital

2016

2015

Allotted, called up and fully paid

40 Ordinary of £1 each