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REGISTERED NUMBER: 10179644 (England and Wales)















Financial Statements for the Year Ended 31 December 2021

for

Ashe Roofing Limited

Ashe Roofing Limited (Registered number: 10179644)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ashe Roofing Limited

Company Information
for the Year Ended 31 December 2021







DIRECTORS: R F Fone
N J Harrison
K G Hall



REGISTERED OFFICE: Ashe House
Cooks Way
Hitchin
Hertfordshire
SG4 0JE



REGISTERED NUMBER: 10179644 (England and Wales)



SENIOR STATUTORY AUDITOR: Roger Owen FCA



AUDITORS: Chancellers LLP
Statutory Auditors
64 Wilbury Way
Hitchin
Hertfordshire
SG4 0TP

Ashe Roofing Limited (Registered number: 10179644)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 759 3,126

CURRENT ASSETS
Debtors 5 1,715,118 1,180,468
Cash at bank 1,161,796 1,081,095
2,876,914 2,261,563
CREDITORS
Amounts falling due within one year 6 1,743,035 1,430,237
NET CURRENT ASSETS 1,133,879 831,326
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,134,638

834,452

CREDITORS
Amounts falling due after more than one year 7 - (25,844 )

PROVISIONS FOR LIABILITIES (144 ) (594 )
NET ASSETS 1,134,494 808,014

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,134,394 807,914
SHAREHOLDERS' FUNDS 1,134,494 808,014

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 August 2022 and were signed on its behalf by:





N J Harrison - Director


Ashe Roofing Limited (Registered number: 10179644)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Ashe Roofing 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.

The company's accounting policy in respect of revenue recognition follows the requirements of FRS102 section 23.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Ashe Roofing Limited (Registered number: 10179644)

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.

At the year end, the company owed £Nil (2020 - £4,428) to the pension company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2020 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021
and 31 December 2021 53,906
DEPRECIATION
At 1 January 2021 50,780
Charge for year 2,367
At 31 December 2021 53,147
NET BOOK VALUE
At 31 December 2021 759
At 31 December 2020 3,126

Ashe Roofing Limited (Registered number: 10179644)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2021
and 31 December 2021 45,249
DEPRECIATION
At 1 January 2021
and 31 December 2021 30,165
NET BOOK VALUE
At 31 December 2021 15,084
At 31 December 2020 15,084

5. DEBTORS
31.12.21 31.12.20
£    £   
Amounts falling due within one year:
Trade debtors 1,517,490 1,025,128
Amounts owed by group undertakings 63,106 51,256
Other debtors 63,206 34,169
1,643,802 1,110,553

Amounts falling due after more than one year:
Trade debtors 71,316 69,915

Aggregate amounts 1,715,118 1,180,468

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Hire purchase contracts 3,464 5,155
Trade creditors 1,032,894 718,079
Amounts owed to group undertakings 250,000 100,000
Taxation and social security 338,412 465,393
Other creditors 118,265 141,610
1,743,035 1,430,237

Ashe Roofing Limited (Registered number: 10179644)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.21 31.12.20
£    £   
Hire purchase contracts - 4,247
Trade creditors - 21,597
- 25,844

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.21 31.12.20
£    £   
Hire purchase contracts 3,464 9,402

Hire purchase contract and finance lease liabilities are secured on the assets to which they relate.

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Roger Owen FCA (Senior Statutory Auditor)
for and on behalf of Chancellers LLP

10. RELATED PARTY DISCLOSURES

As a wholly-owned subsidiary of Ashe Group Holdings Limited throughout the current year, the Company claims exemption, under FRS 102, Section 33, Paragraph 1A, from disclosing transactions with other group companies.

R S Blake is considered to be the ultimate controlling party of Ashe Group Holdings Limited through his majority equity holding in the company.

11. ULTIMATE PARENT COMPANY



Ashe Group Holdings Limited is the Company's immediate and ultimate parent undertaking and holds 100% of the controlling interest. The consolidated accounts of Ashe Group Holdings Limited can be obtained from Ashe House, Cooks Way, Hitchin, Herts SG4 0JE.