Ascot Design Limited - Accounts to registrar (filleted) - small 18.1

Ascot Design Limited - Accounts to registrar (filleted) - small 18.1

ASCOT DESIGN LIMITED - Company Information

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REGISTERED NUMBER: 08571779 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

ASCOT DESIGN LIMITED

ASCOT DESIGN LIMITED (REGISTERED NUMBER: 08571779)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017




Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 4


ASCOT DESIGN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2017







DIRECTORS: W Joseph
A D Horder





REGISTERED OFFICE: Berkshire House
39-51 High Street
Ascot
Berkshire
SL5 7HY





REGISTERED NUMBER: 08571779 (England and Wales)





ACCOUNTANTS: Kirk Rice LLP
The Courtyard
High Street
Ascot
Berkshire
SL5 7HP
Page 1
ASCOT DESIGN LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
ASCOT DESIGN LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited
financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet.
Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are
not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2017 set out on pages four to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Kirk Rice LLP
The Courtyard
High Street
Ascot
Berkshire
SL5 7HP


27 June 2018

This page does not form part of the statutory financial statements

Page 2
ASCOT DESIGN LIMITED (REGISTERED NUMBER: 08571779)

BALANCE SHEET
30 SEPTEMBER 2017

2017 2016
Notes £    £   
FIXED ASSETS
Intangible assets 4 225,000 450,000
Tangible assets 5 27,516 31,851
252,516 481,851

CURRENT ASSETS
Debtors 6 764,610 892,921
Cash at bank and in hand 166,366 304,617
930,976 1,197,538
CREDITORS
Amounts falling due within one year 7 (375,456 ) (484,665 )
NET CURRENT ASSETS 555,520 712,873
TOTAL ASSETS LESS CURRENT
LIABILITIES
808,036
1,194,724

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 807,936 1,194,624
SHAREHOLDERS' FUNDS 808,036 1,194,724

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 27 June 2018 and were signed on its behalf by:




W Joseph - Director



A D Horder - Director


The notes form part of these financial statements

Page 3
ASCOT DESIGN LIMITED (REGISTERED NUMBER: 08571779)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2017

1. STATUTORY INFORMATION

Ascot Design 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 total amount receivable by the company for services provided, excluding VAT, and is recognised in
line with the performance of these services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five 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.

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 etc - 25% on cost and 10% on cost

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are
charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 39 (2016 - 38 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2016
and 30 September 2017 1,125,000
AMORTISATION
At 1 October 2016 675,000
Charge for year 225,000
At 30 September 2017 900,000
NET BOOK VALUE
At 30 September 2017 225,000
At 30 September 2016 450,000

Page 4 continued...
ASCOT DESIGN LIMITED (REGISTERED NUMBER: 08571779)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2017

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2016 53,053
Additions 8,033
At 30 September 2017 61,086
DEPRECIATION
At 1 October 2016 21,202
Charge for year 12,368
At 30 September 2017 33,570
NET BOOK VALUE
At 30 September 2017 27,516
At 30 September 2016 31,851

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 698,909 828,585
Other debtors 65,701 64,336
764,610 892,921

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 38,101 40,643
Taxation and social security 266,482 260,181
Other creditors 70,873 183,841
375,456 484,665

8. SECURED DEBTS

The company's bankers hold a fixed and floating charge over the assets of the company.

Page 5