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REGISTERED NUMBER: 00214188 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2018

for

Ashby Wray & Partners Ltd

Ashby Wray & Partners Ltd (Registered number: 00214188)






Contents of the Financial Statements
for the Year Ended 31 March 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ashby Wray & Partners Ltd

Company Information
for the Year Ended 31 March 2018







DIRECTORS: N M Ashby
A M Ashby





SECRETARY: A M Ashby





REGISTERED OFFICE: Kenant Chambers
2 Bath Avenue
Wolverhampton
West Midlands
WV1 4EQ





REGISTERED NUMBER: 00214188 (England and Wales)






Ashby Wray & Partners Ltd (Registered number: 00214188)

Balance Sheet
31 March 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,737 5,745

CURRENT ASSETS
Stocks 200 200
Debtors 5 300,411 90,360
Investments 6 3,258 3,258
Prepayments and accrued income 2,878 3,059
Cash at bank and in hand 188,646 213,785
495,393 310,662
CREDITORS
Amounts falling due within one year 7 345,828 172,696
NET CURRENT ASSETS 149,565 137,966
TOTAL ASSETS LESS CURRENT
LIABILITIES

154,302

143,711

PROVISIONS FOR LIABILITIES 8 900 1,149
NET ASSETS 153,402 142,562

CAPITAL AND RESERVES
Called up share capital 9 4,970 4,970
Retained earnings 148,432 137,592
SHAREHOLDERS' FUNDS 153,402 142,562

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and
387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the
company as at the end of each financial year and of its profit or loss for each financial year in
accordance with the requirements of Sections 394 and 395 and which otherwise comply with
the requirements of the Companies Act 2006 relating to financial statements, so far as
applicable to the company.

Ashby Wray & Partners Ltd (Registered number: 00214188)

Balance Sheet - continued
31 March 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 25 April 2018 and were
signed on its behalf by:




N M Ashby - Director



A M Ashby - Director


Ashby Wray & Partners Ltd (Registered number: 00214188)

Notes to the Financial Statements
for the Year Ended 31 March 2018

1. STATUTORY INFORMATION

Ashby Wray & Partners Ltd is a private company, limited by shares , registered in England
and Wales. The company's registered number and registered office address can be found
on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the total value of commissions and fees receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income
Statement, except to the extent that it relates to items recognised in other comprehensive
income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that
have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in
periods different from those in which they are recognised in financial statements. Deferred
tax is measured using tax rates and laws that have been enacted or substantively enacted
by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it
is probable that they will be recovered against the reversal of deferred tax liabilities or other
future taxable profits.

Ashby Wray & Partners Ltd (Registered number: 00214188)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2017 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2017 18,857 18,712 37,569
Additions 1,565 - 1,565
At 31 March 2018 20,422 18,712 39,134
DEPRECIATION
At 1 April 2017 18,856 12,968 31,824
Charge for year - 2,573 2,573
At 31 March 2018 18,856 15,541 34,397
NET BOOK VALUE
At 31 March 2018 1,566 3,171 4,737
At 31 March 2017 1 5,744 5,745

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade debtors 279,164 70,345
Other debtors 21,247 20,015
300,411 90,360

6. CURRENT ASSET INVESTMENTS
31.3.18 31.3.17
£    £   
Listed investments 3,258 3,258

Ashby Wray & Partners Ltd (Registered number: 00214188)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Trade creditors 314,853 140,077
Tax 9,081 9,243
Other creditors 15,000 15,000
Directors' current accounts 835 981
Accrued expenses 6,059 7,395
345,828 172,696

8. PROVISIONS FOR LIABILITIES
31.3.18 31.3.17
£    £   
Deferred tax
Accelerated capital allowances 900 1,149

Deferred
tax
£   
Balance at 1 April 2017 1,149
Provided during year (249 )
Balance at 31 March 2018 900

9. CALLED UP SHARE CAPITAL




Allotted, issued and fully paid:
Number: Class: Nominal 31.3.18 31.3.17
value: £    £   
2,535 Ordinary £1 2,535 2,535
820 Class A ordinary shares £1 820 820
1,615 Class B ordinary shares £1 1,615 1,615
4,970 4,970

10. RELATED PARTY DISCLOSURES

Both directors are shareholders and directors of Wolverhampton Motor Finance Company
Ltd. Ashby Wray & Partners Ltd has paid the landlord company £5,387 in rent and service
charges for the year ended 31 March 2018. These charges are on normal commercial
terms.

Ashby Wray & Partners Ltd has also loaned Wolverhampton Motor Finance Company Ltd
£18,500. This loan is interest free and repayable on demand.

Ashby Wray & Partners Ltd (Registered number: 00214188)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2018

11. ULTIMATE CONTROLLING PARTY

The controlling party is N M Ashby.