Ashbourne Management Services Limited - Limited company - abbreviated - 11.6

Ashbourne Management Services Limited - Limited company - abbreviated - 11.6

ASHBOURNE MANAGEMENT SERVICES LIMITED - Company Information

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REGISTERED NUMBER: 03803567 (England and Wales)







ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 28 FEBRUARY 2014

FOR

ASHBOURNE MANAGEMENT
SERVICES LIMITED

ASHBOURNE MANAGEMENT
SERVICES LIMITED (REGISTERED NUMBER: 03803567)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2014










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

ASHBOURNE MANAGEMENT
SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2014







DIRECTORS: J N Clayton-Wright
D Clayton-Wright





SECRETARY: J N Clayton-Wright





REGISTERED OFFICE: Corner Oak
1 Homer Road
Solihull
West Midlands
B91 3QG





REGISTERED NUMBER: 03803567 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
Corner Oak
1 Homer Road
Solihull
B91 3QG
Page 1
ASHBOURNE MANAGEMENT
SERVICES LIMITED (REGISTERED NUMBER: 03803567)

ABBREVIATED BALANCE SHEET
28 FEBRUARY 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 530,894 488,405
Investments 3 1 1
530,895 488,406

CURRENT ASSETS
Debtors 173,285 115,467
Cash at bank 8 93,965
173,293 209,432
CREDITORS
Amounts falling due within one year 4 238,171 292,321
NET CURRENT LIABILITIES (64,878 ) (82,889 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
466,017
405,517

PROVISIONS FOR LIABILITIES 8,882 13,535
NET ASSETS 457,135 391,982

CAPITAL AND RESERVES
Called up share capital 5 2 2
Profit and loss account 457,133 391,980
SHAREHOLDERS' FUNDS 457,135 391,982

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2014 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 notes form part of these abbreviated accounts

Page 2 continued...
ASHBOURNE MANAGEMENT
SERVICES LIMITED (REGISTERED NUMBER: 03803567)

ABBREVIATED BALANCE SHEET - continued
28 FEBRUARY 2014


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 9 October 2014 and were signed on its
behalf by:





J N Clayton-Wright - Director


The notes form part of these abbreviated accounts

Page 3
ASHBOURNE MANAGEMENT
SERVICES LIMITED (REGISTERED NUMBER: 03803567)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2014


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 net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Business premises - 2.5% on cost
Improvements to property - 2.5% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33.33% on cost

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

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.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 March 2013 849,093
Additions 93,189
At 28 February 2014 942,282
DEPRECIATION
At 1 March 2013 360,688
Charge for year 50,700
At 28 February 2014 411,388
NET BOOK VALUE
At 28 February 2014 530,894
At 28 February 2013 488,405

Page 4 continued...
ASHBOURNE MANAGEMENT
SERVICES LIMITED (REGISTERED NUMBER: 03803567)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2014


3. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 March 2013
and 28 February 2014 1
NET BOOK VALUE
At 28 February 2014 1
At 28 February 2013 1

The company's investments at the balance sheet date in the share capital of companies include the
following:

Joint venture

John Barton Technology Limited
Nature of business: Software development
%
Class of shares: holding
Ordinary 50.00
31/8/13 31/8/12
£    £   
Aggregate capital and reserves 387 1,676
Profit for the year 138,711 124,735

4. CREDITORS

Creditors include an amount of £ 22,268 for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
2 Ordinary £1 2 2

Page 5 continued...
ASHBOURNE MANAGEMENT
SERVICES LIMITED (REGISTERED NUMBER: 03803567)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2014


6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2014
and 28 February 2013:

2014 2013
£    £   
J N Clayton-Wright and D Clayton-Wright
Balance outstanding at start of year 95,644 -
Amounts advanced 317,737 95,644
Amounts repaid (276,691 ) -
Balance outstanding at end of year 136,690 95,644

This balance is included within other debtors.

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J N Clayton-Wright & DClayton-Wright.


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