Company Registration No. 06430176 (England and Wales)
Ashington Central Limited
Unaudited accounts
for the year ended 31 March 2022
Ashington Central Limited
Statement of financial position
as at
31 March 2022
Tangible assets
20,671
30,853
Inventories
46,107
38,600
Cash at bank and in hand
96,133
401,227
Creditors: amounts falling due within one year
(502,833)
(591,979)
Net current assets
111,876
358,480
Total assets less current liabilities
132,547
389,583
Provisions for liabilities
Deferred tax
(3,927)
(5,862)
Net assets
128,620
383,721
Called up share capital
12
112
Profit and loss account
128,608
383,609
Shareholders' funds
128,620
383,721
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2022 and were signed on its behalf by
Mrs S Dixon
Director
Company Registration No. 06430176
Ashington Central Limited
Notes to the Accounts
for the year ended 31 March 2022
Ashington Central Limited is a private company, limited by shares, registered in England and Wales, registration number 06430176. The registered office is LINTONVILLE MEDICAL GROUP, LINTONVILLE TERRACE, ASHINGTON, NORTHUMBERLAND, NE63 9UT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
15% on reducing balance
Computer equipment
33% on straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2021
3,592
20,780
20,186
24,437
68,995
At 31 March 2022
3,592
20,780
20,186
24,437
68,995
At 1 April 2021
3,592
2,698
18,117
13,735
38,142
Charge for the year
-
4,520
310
5,352
10,182
At 31 March 2022
3,592
7,218
18,427
19,087
48,324
At 31 March 2022
-
13,562
1,759
5,350
20,671
At 31 March 2021
-
18,082
2,069
10,702
30,853
Ashington Central Limited
Notes to the Accounts
for the year ended 31 March 2022
5
Investments
Other investments
Valuation at 1 April 2021
250
Valuation at 31 March 2022
-
Finished goods
46,107
38,600
Stocks are estimated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Amounts falling due within one year
Trade debtors
416,893
460,988
Accrued income and prepayments
4,848
844
Other debtors
50,728
48,800
8
Creditors: amounts falling due within one year
2022
2021
Trade creditors
280,920
298,006
Taxes and social security
46,977
38,332
Other creditors
172,496
253,421
9
Average number of employees
During the year the average number of employees was 18 (2021: 16).