Company Registration No. 03310383 (England and Wales)
ASH DISTRIBUTION LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2017
ASH DISTRIBUTION LIMITED
CONTENTS
Page
Directors' report
1
Balance sheet
2
Notes to the financial statements
3 - 4
ASH DISTRIBUTION LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 OCTOBER 2017
- 1 -
The directors present their report and financial statements for the year ended 31 October 2017.
Principal activities
The company is dormant and has not traded during the year, or the preceding year.
Directors
The directors who held office during the year and up to the date of signature of the financial statements were as follows:
Iain Elliott
(Appointed 22 January 2017)
John Francis
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
On behalf of the board
John Francis
Director
9 June 2018
ASH DISTRIBUTION LIMITED
BALANCE SHEET
AS AT 31 OCTOBER 2017
31 October 2017
- 2 -
2017
2016
Notes
£
£
£
£
Current assets
Cash at bank and in hand
1
1
Net current assets
1
1
Capital and reserves
Called up share capital
2
1
1
For the financial year ended 31 October 2017 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statements were approved by the board of directors and authorised for issue on 9 June 2018 and are signed on its behalf by:
John Francis
Director
Company Registration No. 03310383
ASH DISTRIBUTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2017
- 3 -
1
Accounting policies
Company information
Ash Distribution Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Crowther Road, Washington, Tyne & Wear, NE38 0BW.
1.1
Accounting convention
These financial statements are prepared under the historical cost convention, and in accordance with the Companies Act 2006 and applicable accounting standards in the United Kingdom.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
1.2
Going concern
The company is dormant and the accounts are therefore not prepared on the basis of going concern.
1.3
Profit and loss account
The company has not traded during the year or the preceding financial
period
. During
this time
the company received no income and incurred no expenditure and therefore no Profit and loss account is presented
in these financial statements.
1.4
Cash at bank and in hand
Cash at bank and in hand
are basic financial
assets
.
1.5
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Basic financial assets
Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Amounts
payable are classified as
current liabilities if payment is due within one year or less.
1.6
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.
ASH DISTRIBUTION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2017
- 4 -
2
Called up share capital
2017
2016
£
£
Ordinary share capital
Issued and fully paid
1 ordinary shares of £1 each
1
1
1
1