A.S.H. Exploration Services Ltd - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 03340118 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th April 2017

for

A.S.H. Exploration Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M L A Hewitt

S A Hewitt

SECRETARY:

S A Hewitt

REGISTERED OFFICE:

118 Portland Road

Bromley

Kent

BR1 5AZ

REGISTERED NUMBER:

03340118 (England and Wales)

ACCOUNTANTS:

Sigma Partners

Chartered Certified Accountants

Gloucester House

Church Walk

Burgess Hill

West Sussex

RH15 9AS

FIXED ASSETS

Tangible assets

4

662

827

CURRENT ASSETS

Debtors

5

1,904

26,231

Cash at bank

53,167

15,561

55,071

41,792

CREDITORS

Amounts falling due within one year

6

50,466

41,672

NET CURRENT ASSETS

4,605

120

TOTAL ASSETS LESS CURRENT LIABILITIES

5,267

947

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

5,167

847

SHAREHOLDERS' FUNDS

5,267

947

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2017 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 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 6th June 2018 and were signed on its behalf by:

M L A Hewitt - Director

1.	STATUTORY INFORMATION

A.S.H. Exploration Services Ltd 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 is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

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

-

20% on cost

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 NIL (2016 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st May 2016

and 30th April 2017

21,300

DEPRECIATION

At 1st May 2016

20,473

Charge for year

165

At 30th April 2017

20,638

NET BOOK VALUE

At 30th April 2017

662

At 30th April 2016

827

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

1,904

26,231

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

-

1,860

Taxation and social security

28,560

30,608

Other creditors

21,906

9,204

50,466

41,672

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30th April 2017 and

30th April 2016:

2017

2016

£

£

S A Hewitt

Balance outstanding at start of year

511

3,415

Amounts advanced

22,327

24,935

Amounts repaid

(34,515

)

(27,839

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(11,677

)

511

M L A Hewitt

Balance outstanding at start of year

23,304

30,332

Amounts advanced

64,763

61,515

Amounts repaid

(92,948

)

(68,543

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(4,881

)

23,304