C M B Ashton Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 05227475 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2017

for

C M B Ashton Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr C M B Ashton

SECRETARY:

Mrs S E Smith

REGISTERED OFFICE:

1 Pinnacle Way

Pride Park

Derby

Derbyshire

DE24 8ZS

REGISTERED NUMBER:

05227475 (England and Wales)

ACCOUNTANTS:

Franklin Underwood

1 Pinnacle Way

Pride Park

Derby

Derbyshire

DE24 8ZS

FIXED ASSETS

Intangible assets

4

52,200

77,650

CURRENT ASSETS

Debtors

5

299,684

249,352

Cash at bank

23,874

38,139

323,558

287,491

CREDITORS

Amounts falling due within one year

6

31,645

25,368

NET CURRENT ASSETS

291,913

262,123

TOTAL ASSETS LESS CURRENT LIABILITIES

344,113

339,773

CAPITAL AND RESERVES

Called up share capital

7

1

1

Retained earnings

344,112

339,772

SHAREHOLDERS' FUNDS

344,113

339,773

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the director on 8 February 2018 and were signed by:

Mr C M B Ashton - Director

1.	STATUTORY INFORMATION

C M B Ashton 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the company's share of the profits of the partnership Cheffins.

Goodwill

Purchased goodwill is amortised at rates calculated to write off the assets on a straight line basis over their

estimated useful economic lives as follows:

Goodwill - fifteen years

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2016

and 30 June 2017

381,747

AMORTISATION

At 1 July 2016

304,097

Charge for year

25,450

At 30 June 2017

329,547

NET BOOK VALUE

At 30 June 2017

52,200

At 30 June 2016

77,650

Goodwill arose on the purchase of the company's share in Cheffins.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Due from Cheffins

157,297

111,305

Directors' current accounts

142,387

138,047

299,684

249,352

Other than as stated under directors loan account above, none of the above amounts related to amounts due from

the director or shareholder of the company either directly or indirectly.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Tax

30,931

24,654

Accruals and deferred income

714

714

31,645

25,368

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

1

Ordinary

£1

1

1

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2017 and

30 June 2016:

2017

2016

£

£

Mr C M B Ashton

Balance outstanding at start of year

138,047

130,993

Amounts advanced

149,648

150,062

Amounts repaid

(145,308

)

(143,008

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

142,387

138,047

Interest was charged on the loan at a rate of 3% per annum to 5th April 2017 and 2.5% per annum thereafter.

The overdrawn director's loan account was cleared within nine months of the year end.

9.	FIRST YEAR ADOPTION

These financial statements for the year ended 30 June 2017 are the first financial statements to comply with FRS

102 Section 1A small entities. The date of transition is 1 July 2015. The transition to FRS 102 Section 1A small

entities has resulted in no changes to the amounts stated in these accounts to those stated previously.