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REGISTERED NUMBER: 10649762 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

ASHCREST JOINERY LTD

ASHCREST JOINERY LTD (REGISTERED NUMBER: 10649762)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ASHCREST JOINERY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTOR: R Coe





REGISTERED OFFICE: 10 Beech Court
Wokingham Road
Hurst
Berkshire
RG10 0RQ





REGISTERED NUMBER: 10649762 (England and Wales)





ACCOUNTANTS: Vernon Gosling Friday Limited
10 Beech Court
Wokingham Road
Hurst
Berkshire
RG10 0RQ

ASHCREST JOINERY LTD (REGISTERED NUMBER: 10649762)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 2,000
Tangible assets 5 25,669 23,493
25,669 25,493

CURRENT ASSETS
Debtors 6 36,511 26,876
Cash at bank 16,804 46,648
53,315 73,524
CREDITORS
Amounts falling due within one year 7 74,551 53,403
NET CURRENT (LIABILITIES)/ASSETS (21,236 ) 20,121
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,433

45,614

CREDITORS
Amounts falling due after more than one
year

8

38,321

59,441
NET LIABILITIES (33,888 ) (13,827 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (33,988 ) (13,927 )
(33,888 ) (13,827 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ASHCREST JOINERY LTD (REGISTERED NUMBER: 10649762)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 6 September 2022 and were signed by:





R Coe - Director


ASHCREST JOINERY LTD (REGISTERED NUMBER: 10649762)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

Ashcrest Joinery 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
These accounts have been prepared on the going concern basis, on the understanding that the director and shareholder will continue to financially support the company during any uncertain period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2021 - 5 ) .

ASHCREST JOINERY LTD (REGISTERED NUMBER: 10649762)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2021
and 31 March 2022 10,000
AMORTISATION
At 1 April 2021 8,000
Charge for year 2,000
At 31 March 2022 10,000
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 2,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021 51,475
Additions 11,046
At 31 March 2022 62,521
DEPRECIATION
At 1 April 2021 27,982
Charge for year 8,870
At 31 March 2022 36,852
NET BOOK VALUE
At 31 March 2022 25,669
At 31 March 2021 23,493

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 3,556 13,113
Other debtors 32,955 13,763
36,511 26,876

ASHCREST JOINERY LTD (REGISTERED NUMBER: 10649762)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 10,000 -
Hire purchase contracts 4,573 3,147
Trade creditors 13,841 6,067
Taxation and social security 19,270 22,634
Other creditors 26,867 21,555
74,551 53,403

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 32,027 50,000
Hire purchase contracts 6,294 9,441
38,321 59,441