Ashton Rix Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09214170 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

ASHTON RIX LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr S C Robinson

Mrs R L Robinson

REGISTERED OFFICE:

133 Marlow Bottom

Marlow

SL7 3PJ

REGISTERED NUMBER:

09214170 (England and Wales)

ACCOUNTANTS:

Butler & Co

Chartered Certified Accountants

Bassett House

5 Southwell Park Road

Camberley

Surrey

GU15 3PU

FIXED ASSETS

Intangible assets

4

383,205

436,717

Tangible assets

5

22,677

19,953

405,882

456,670

CURRENT ASSETS

Debtors

6

140,010

112,131

Cash at bank

1,314

4,514

141,324

116,645

CREDITORS

Amounts falling due within one year

7

109,237

100,090

NET CURRENT ASSETS

32,087

16,555

TOTAL ASSETS LESS CURRENT LIABILITIES

437,969

473,225

CREDITORS

Amounts falling due after more than one year

8

(420,191

)

(460,669

)

PROVISIONS FOR LIABILITIES

(4,310

)

(3,990

)

NET ASSETS

13,468

8,566

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

13,466

8,564

13,468

8,566

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 20 December 2018 and were signed on its behalf by:

Dr S C Robinson - Director

1.	STATUTORY INFORMATION

Ashton Rix 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised over its

useful life.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Computer equipment

-

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element

of the future payments is treated as a liability.

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 5 (2017 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

535,113

AMORTISATION

At 1 April 2017

98,396

Amortisation for year

53,512

At 31 March 2018

151,908

NET BOOK VALUE

At 31 March 2018

383,205

At 31 March 2017

436,717

5.	TANGIBLE FIXED ASSETS

Long

Plant and

Computer

leasehold

machinery

equipment

Totals

£

£

£

£

COST

At 1 April 2017

1

17,921

13,627

31,549

Additions

-

9,693

1,599

11,292

At 31 March 2018

1

27,614

15,226

42,841

DEPRECIATION

At 1 April 2017

-

6,514

5,082

11,596

Charge for year

-

5,523

3,045

8,568

At 31 March 2018

-

12,037

8,127

20,164

NET BOOK VALUE

At 31 March 2018

1

15,577

7,099

22,677

At 31 March 2017

1

11,407

8,545

19,953

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Computer

equipment

£

COST

At 1 April 2017

and 31 March 2018

7,695

DEPRECIATION

At 1 April 2017

3,078

Charge for year

1,539

At 31 March 2018

4,617

NET BOOK VALUE

At 31 March 2018

3,078

At 31 March 2017

4,617

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Trade debtors

2,386

-

Other debtors

2

2

Directors' current accounts

108,914

89,621

Tax

28,708

22,508

140,010

112,131

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Bank loans and overdrafts

38,944

38,043

Hire purchase contracts (see note 9)

1,534

1,534

Trade creditors

-

7,680

Tax

64,050

47,859

Social security and other taxes

1,109

1,374

Accrued expenses

3,600

3,600

109,237

100,090

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.18

31.3.17

£

£

Bank loan

149,659

160,126

Bank loan

138,221

147,201

Bank loan

123,764

134,933

Bank loan

6,246

14,574

Hire purchase contracts (see note 9)

2,301

3,835

420,191

460,669

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

31.3.18

31.3.17

£

£

Net obligations repayable:

Within one year

1,534

1,534

Between one and five years

2,301

3,835

3,835

5,369

Non-cancellable

operating leases

31.3.18

31.3.17

£

£

Within one year

35,450

35,450

Between one and five years

-

35,450

35,450

70,900

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.18

31.3.17

£

£

Bank loans

456,834

494,877

The company's banking facilities are secured by a fixed and floating charge over all current and future assets of

the company.

11.	RELATED PARTY DISCLOSURES

Included in other debtors at the year end is an amount due from the directors totalling £108,914 (2017 -

£89,621). Interest has been charged on the loan at commercial rates.

12.	ULTIMATE CONTROLLING PARTY

The company considers the directors S C Robinson and R L Robinson as the joint controlling party by virtue of

their majority shareholding.