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REGISTERED NUMBER: 09965592 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

ASCIA CONSTRUCTION LIMITED

ASCIA CONSTRUCTION LIMITED (REGISTERED NUMBER: 09965592)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASCIA CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: Mr N V Cole
Mr R Emery





REGISTERED OFFICE: Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS





BUSINESS ADDRESS: The Portico
Stansted Park
Rowlands Castle
Hampshire
PO9 6DX





REGISTERED NUMBER: 09965592 (England and Wales)





ACCOUNTANTS: Casson Beckman
Chartered Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

ASCIA CONSTRUCTION LIMITED (REGISTERED NUMBER: 09965592)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,645 23,423

CURRENT ASSETS
Stocks and working in progress 527,245 590,937
Debtors 5 1,322,595 1,271,733
Cash at bank 1,108,551 1,019,194
2,958,391 2,881,864
CREDITORS
Amounts falling due within one year 6 2,359,995 2,400,654
NET CURRENT ASSETS 598,396 481,210
TOTAL ASSETS LESS CURRENT
LIABILITIES

615,041

504,633

PROVISIONS FOR LIABILITIES 3,162 4,450
NET ASSETS 611,879 500,183

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 611,779 500,083
SHAREHOLDERS' FUNDS 611,879 500,183

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

ASCIA CONSTRUCTION LIMITED (REGISTERED NUMBER: 09965592)

BALANCE SHEET - continued
31 DECEMBER 2021


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 Board of Directors and authorised for issue on 1 September 2022 and were signed on its behalf by:




Mr N V Cole - Director



Mr R Emery - Director


ASCIA CONSTRUCTION LIMITED (REGISTERED NUMBER: 09965592)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


1. STATUTORY INFORMATION

Ascia Construction Limited 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 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 represents amounts receivable for work done excluding VAT.

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 - 33% on cost and 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Work in progress
For incomplete contracts the value of work in progress reflects the partial performance of the contractual obligations. For such contracts work in progress reflects the accrual of the right to consideration by reference to the value of work performed.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

ASCIA CONSTRUCTION LIMITED (REGISTERED NUMBER: 09965592)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


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 18 (2020 - 16 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2021
and 31 December 2021 22,188 6,199 21,073 49,460
DEPRECIATION
At 1 January 2021 17,227 3,542 5,268 26,037
Charge for year 2,163 664 3,951 6,778
At 31 December 2021 19,390 4,206 9,219 32,815
NET BOOK VALUE
At 31 December 2021 2,798 1,993 11,854 16,645
At 31 December 2020 4,961 2,657 15,805 23,423

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 1,191,242 1,091,826
Amounts owed by group undertakings 680 793
Other debtors 130,673 179,114
1,322,595 1,271,733

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 1,861,317 2,329,916
Taxation and social security 469,316 55,387
Other creditors 29,362 15,351
2,359,995 2,400,654

7. LEASING AGREEMENTS
At the end of the accounting period the company was committed, under non-cancellable operating leases, to future payments of £18,820 (2020: £15,070)

ASCIA CONSTRUCTION LIMITED (REGISTERED NUMBER: 09965592)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


8. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

9. ULTIMATE CONTROLLING PARTY

Ascia Construction Limited is wholly owned by Ascia Holdings Limited whose registered office is Murrills House, 48 East Street, Portchester, Fareham, Hampshire, PO16 9XS and principal place of business is The Portico, Stansted House, Stansted Park, Rowlands Castle, Hampshire, PO9 6DX.