ASHWORTH 2014 LIMITED
DIRECTOR'S REPORT AND FINANCIAL STATEMENTS
PERIOD ENDED 31 MARCH 2016
ASHWORTH 2014 LIMITED
COMPANY INFORMATION
Director
N Holt
(Appointed 7 September 2015)
Company number
9765282 (England and Wales)
Registered office
11 Nicholas Street
Burnley
Lancashire
BB11 2AL
Accountants
Ashworth Moulds
11 Nicholas Street
Burnley
Lancashire
BB11 2AL
ASHWORTH 2014 LIMITED
CONTENTS
Page
Director's report
1
Accountants' report
2
Profit and loss account
3
Balance sheet
4
Notes to the financial statements
5
ASHWORTH 2014 LIMITED
DIRECTOR'S REPORT
FOR THE PERIOD ENDED 31 MARCH 2016
- 1 -
The director presents his report and financial statements for the period ended 31 March 2016.
The company was incorporated on 7 September 2015 but did not trade during the period.
In June 2016, the company acquired the entire share capital of Hapton Caravan Storage Limited, a caravan storage business.
Director
The following director has held office since 7 September 2015:
N Holt
(Appointed 7 September 2015)
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
On behalf of the board
N Holt
Director
23 December 2016
ASHWORTH 2014 LIMITED
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ASHWORTH 2014 LIMITED FOR THE PERIOD ENDED 31 MARCH 2016
- 2 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ashworth 2014 Limited for the period ended 31 March 2016 set out on pages 3 to 5 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of Ashworth 2014 Limited, as a body, in accordance with the terms of our engagement letter
.
Our work has been undertaken solely to prepare for your approval the financial statements of Ashworth 2014 Limited and state those matters that we have agreed to state to the Board of Directors of Ashworth 2014 Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ashworth 2014 Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Ashworth 2014 Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Ashworth 2014 Limited. You consider that Ashworth 2014 Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Ashworth 2014 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ashworth Moulds
23 December 2016
Chartered Accountants
11 Nicholas Street
Burnley
Lancashire
BB11 2AL
ASHWORTH 2014 LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE PERIOD ENDED 31 MARCH 2016
- 3 -
Period
ended
31 March
2016
£
Loss on ordinary activities before taxation
-
Tax on loss on ordinary activities
-
Loss for the period
-
The notes on pages 5 form an integral part of these financial statements.
ASHWORTH 2014 LIMITED
BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 4 -
2016
Notes
£
£
Current assets
Debtors
2
4,440
Cash at bank and in hand
245,660
250,100
Creditors: amounts falling due within one year
3
(250,000)
Total assets less current liabilities
100
Capital and reserves
Called up share capital
4
100
Shareholders' funds
100
The notes on pages 5 form an integral part of these financial statements.
For the financial period ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the Board for issue on 23 December 2016
N Holt
Director
Company Registration No. 9765282
ASHWORTH 2014 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2016
- 5 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
2
Debtors
2016
£
Other debtors
4,440
3
Creditors: amounts falling due within one year
2016
£
Other creditors
250,000
4
Share capital
2016
£
Allotted, called up and fully paid
76 A ordinary shares of £1 each
76
24 B ordinary shares of £1 each
24
100
On incorporation, the company issued 76 £1 A ordinary shares and 24 £1 B ordinary shares, at par.
5
Post balance sheet events
In June 2016, the company acquired the entire share capital of Hapton Caravan Storage Limited, a caravan storage business.