Year Ended
Registration number:
Ashton Bentley Technology Limited
Contents
Company Information |
|
Balance Sheet |
|
Notes to the Unaudited Financial Statements |
Ashton Bentley Technology Limited
Company Information
Directors |
Mr R N McArdell Mr A W Leedham |
Company secretary |
Michelmores Secretaries Limited |
Registered office |
|
Accountants |
|
Ashton Bentley Technology Limited
Balance Sheet
30 September 2022
Note |
2022 |
2021 |
|
Fixed assets |
|||
Intangible assets |
|
|
|
Current assets |
|||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Profit and loss account |
|
|
|
Shareholders' funds |
|
|
Ashton Bentley Technology Limited
Balance Sheet
30 September 2022
For the financial year ending 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
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 and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
......................................... |
Company Registration Number: 09789878
Ashton Bentley Technology Limited
Notes to the Unaudited Financial Statements
Year Ended 30 September 2022
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
The principal place of business is:
23 Schooner Park
Schooner Court
Crossways Business Park
Dartford
DA2 6NW
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. There are no material departures from FRS 102.
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.
The functional currency of Ashton Bentley Technology Limited is considered to be pounds sterling because it is the currency of the primary economic environment in which the company operates.
Going concern
Following the impact of the Covid-19 pandemic on the company and wider economy, the Directors have reviewed forecast cash flows and available facilities for the group for a period of at least 12 months from the approval of these financial statements, including those entered into since the period end. The Directors have concluded that these are sufficient to support the going concern status of the company. As such, the financial statements have been prepared on a going concern basis.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.
Royalties are recognised over the period to which they relate.
Ashton Bentley Technology Limited
Notes to the Unaudited Financial Statements
Year Ended 30 September 2022
Foreign currency transactions and balances
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.
Tax
The current corporation 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.
Intangible assets
Separately acquired trademarks and licences are shown at historical cost.
Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.
Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.
Amortisation
Asset class |
Amortisation method and rate |
Trademarks, patents and licenses |
5 years straight line |
Financial instruments
Classification
Recognition and measurement
The company holds the following financial instruments:
• Short term trade debtors and creditors; and
• Group balances.
All of the financial instruments of the company are considered to be basic financial instruments. Such instruments are initially measured at transaction price, including transaction costs. Those instruments considered current are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Ashton Bentley Technology Limited
Notes to the Unaudited Financial Statements
Year Ended 30 September 2022
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
The company does not employ any staff other than the directors. The directors are remunerated from another group company.
Intangible assets |
Trademarks, patents and licenses |
Total |
|
Cost or valuation |
||
At 1 October 2021 |
|
|
Additions acquired separately |
|
|
At 30 September 2022 |
|
|
Amortisation |
||
At 1 October 2021 |
|
|
Amortisation charge |
|
|
At 30 September 2022 |
|
|
Carrying amount |
||
At 30 September 2022 |
|
|
At 30 September 2021 |
|
|
Debtors |
2022 |
2021 |
|
Trade debtors |
|
- |
Amounts owed by group undertakings |
2,078 |
32,053 |
Other debtors |
3,109 |
3,109 |
14,139 |
35,162 |
Share capital |
Allotted, called up and fully paid shares
Ashton Bentley Technology Limited
Notes to the Unaudited Financial Statements
Year Ended 30 September 2022
2022 |
2021 |
|||
No. |
£ |
No. |
£ |
|
|
|
100 |
|
100 |
Parent and ultimate parent undertaking |
The company's immediate parent is