Registration number:
Ashlan Limited
for the Period from 1 April 2016 to 30 April 2017
Ashlan Limited
(Registration number: 02519052)
Balance Sheet as at 30 April 2017
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Note |
2017 |
2016 |
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Fixed assets |
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Tangible assets |
- |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Revaluation reserve |
- |
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Profit and loss account |
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Total equity |
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For the financial period ending 30 April 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
Mrs K Sakkas Ward
Director
Page 1 |
Ashlan Limited
Statement of Changes in Equity for the Period from 1 April 2016 to 30 April 2017
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Share capital |
Revaluation reserve |
Profit and loss account |
Total |
|
At 1 April 2016 |
|
|
|
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Profit for the period |
- |
- |
|
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Total comprehensive income |
- |
- |
|
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Dividends |
- |
- |
( |
( |
Transfers |
- |
(492,965) |
- |
(492,965) |
At 30 April 2017 |
|
- |
|
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Page 2 |
Ashlan Limited
Notes to the Financial Statements for the Period from 1 April 2016 to 30 April 2017
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Page 3 |
Ashlan Limited
Notes to the Financial Statements for the Period from 1 April 2016 to 30 April 2017
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Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Profit before tax |
Tangible assets |
Land and buildings |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 April 2016 |
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Disposals |
( |
( |
( |
At 30 April 2017 |
- |
- |
- |
Depreciation |
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At 1 April 2016 |
- |
|
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Eliminated on disposal |
- |
( |
( |
At 30 April 2017 |
- |
- |
- |
Carrying amount |
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At 30 April 2017 |
- |
- |
- |
At 31 March 2016 |
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Included within the net book value of land and buildings above is £Nil (2016 - £867,500) in respect of freehold land and buildings.
Debtors |
2017 |
2016 |
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Other debtors |
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Creditors |
2017 |
2016 |
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Due within one year |
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Other creditors |
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Page 4 |