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REGISTERED NUMBER: 07530570 (England and Wales)















Ashridge Electrical Contractors Limited

Abridged Financial Statements for the Year Ended 28th February 2022






Ashridge Electrical Contractors Limited (Registered number: 07530570)






Contents of the Financial Statements
for the year ended 28th February 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Ashridge Electrical Contractors Limited

Company Information
for the year ended 28th February 2022







Directors: B K French
R T P Soaft
K N French





Registered office: 1-3 High Street
Great Dunmow
Essex
CM6 1UU





Registered number: 07530570 (England and Wales)





Accountants: Walters & Company
Certified Practising Accountants
1-3 High Street
Great Dunmow
Essex
CM6 1UU

Ashridge Electrical Contractors Limited (Registered number: 07530570)

Abridged Balance Sheet
28th February 2022

28/2/22 28/2/21
Notes £    £    £    £   
Fixed assets
Tangible assets 4 1,613 2,466

Current assets
Stocks - 75,850
Debtors 5 73,813 45,408
Cash at bank and in hand 540,518 563,205
614,331 684,463
Creditors
Amounts falling due within one year 317,829 369,467
Net current assets 296,502 314,996
Total assets less current liabilities 298,115 317,462

Provisions for liabilities 469 469
Net assets 297,646 316,993

Capital and reserves
Called up share capital 6 400 400
Retained earnings 297,246 316,593
Shareholders' funds 297,646 316,993

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2022 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.

Ashridge Electrical Contractors Limited (Registered number: 07530570)

Abridged Balance Sheet - continued
28th February 2022


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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 28th February 2022 in accordance with Section 444(2A) of the Companies Act 2006.

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 25th August 2022 and were signed on its behalf by:





B K French - Director


Ashridge Electrical Contractors Limited (Registered number: 07530570)

Notes to the Financial Statements
for the year ended 28th February 2022

1. Statutory information

Ashridge Electrical Contractors 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.

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.

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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Ashridge Electrical Contractors Limited (Registered number: 07530570)

Notes to the Financial Statements - continued
for the year ended 28th February 2022

2. Accounting policies - continued

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.

3. Employees and directors

The average number of employees during the year was 5 (2021 - 7 ) .

4. Tangible fixed assets
Totals
£   
Cost
At 1st March 2021
and 28th February 2022 25,564
Depreciation
At 1st March 2021 23,098
Charge for year 853
At 28th February 2022 23,951
Net book value
At 28th February 2022 1,613
At 28th February 2021 2,466

5. Debtors: amounts falling due after more than one year
28/2/22 28/2/21
£    £   
Other debtors 8,074 9,274

6. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 28/2/22 28/2/21
value: £    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
100 Ordinary C £1 100 100
100 Ordinary D £1 100 100
400 400

Ashridge Electrical Contractors Limited (Registered number: 07530570)

Notes to the Financial Statements - continued
for the year ended 28th February 2022

7. Related party disclosures

Included within Creditors: amounts falling due within one year is £149,798 (2021: £180,398) due to B.K.F. Electrical Services Limited, a company in which Mr B French is a director and shareholder.

Included within Debtors: amounts falling due within one year is £30,000 (2021: £30,000) due from Bfit Personal Training Ltd, a company in which Mr B French's daughter is a director and shareholder

8. Ultimate controlling party

It is the opinion of the director's that there is no overall controlling party.