IRIS Accounts Production v23.3.0.418 01056457 director 1.7.22 30.6.23 30.6.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure010564572022-06-30010564572023-06-30010564572022-07-012023-06-30010564572021-06-30010564572021-07-012022-06-30010564572022-06-3001056457ns16:EnglandWales2022-07-012023-06-3001056457ns15:PoundSterling2022-07-012023-06-3001056457ns11:Director12022-07-012023-06-3001056457ns11:PrivateLimitedCompanyLtd2022-07-012023-06-3001056457ns11:SmallEntities2022-07-012023-06-3001056457ns11:AuditExempt-NoAccountantsReport2022-07-012023-06-3001056457ns11:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3001056457ns11:SmallCompaniesRegimeForAccounts2022-07-012023-06-3001056457ns11:FullAccounts2022-07-012023-06-3001056457ns11:CompanySecretary12022-07-012023-06-3001056457ns11:RegisteredOffice2022-07-012023-06-3001056457ns6:CurrentFinancialInstruments2023-06-3001056457ns6:CurrentFinancialInstruments2022-06-3001056457ns6:Non-currentFinancialInstruments2023-06-3001056457ns6:Non-currentFinancialInstruments2022-06-3001056457ns6:ShareCapital2023-06-3001056457ns6:ShareCapital2022-06-3001056457ns6:CapitalRedemptionReserve2023-06-3001056457ns6:CapitalRedemptionReserve2022-06-3001056457ns6:RetainedEarningsAccumulatedLosses2023-06-3001056457ns6:RetainedEarningsAccumulatedLosses2022-06-3001056457ns6:PlantMachinery2022-06-3001056457ns6:PlantMachinery2022-07-012023-06-3001056457ns6:PlantMachinery2023-06-3001056457ns6:PlantMachinery2022-06-3001056457ns6:WithinOneYearns6:CurrentFinancialInstruments2023-06-3001056457ns6:WithinOneYearns6:CurrentFinancialInstruments2022-06-3001056457ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2023-06-3001056457ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2022-06-3001056457ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2023-06-3001056457ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2022-06-3001056457ns6:Secured2023-06-3001056457ns6:Secured2022-06-30
REGISTERED NUMBER: 01056457 (England and Wales)








Unaudited Financial Statements

for the Year Ended

30 June 2023

for

Ascon Industrial Roofing Limited

Ascon Industrial Roofing Limited (Registered number: 01056457)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ascon Industrial Roofing Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: S J Carter





SECRETARY: Mrs T A Carter





REGISTERED OFFICE: Hope Street
Dudley
West Midlands
DY2 8RS





REGISTERED NUMBER: 01056457 (England and Wales)





ACCOUNTANTS: Nicklin LLP
Chartered Accountants
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Ascon Industrial Roofing Limited (Registered number: 01056457)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,249 11,672

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 130,255 174,667
Cash at bank and in hand 326,286 332,990
461,541 512,657
CREDITORS
Amounts falling due within one year 6 233,946 285,063
NET CURRENT ASSETS 227,595 227,594
TOTAL ASSETS LESS CURRENT
LIABILITIES

253,844

239,266

CREDITORS
Amounts falling due after more than one
year

7

44,541

32,053
NET ASSETS 209,303 207,213

CAPITAL AND RESERVES
Called up share capital 675 675
Capital redemption reserve 325 325
Retained earnings 208,303 206,213
SHAREHOLDERS' FUNDS 209,303 207,213

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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.

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 director and authorised for issue on 1 September 2023 and were signed by:




S J Carter - Director


Ascon Industrial Roofing Limited (Registered number: 01056457)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Ascon Industrial 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.

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.

Buildings - 2% on cost
Plant & Machinery - 15% on reducing balance
Fixtures & Fittings - 15% - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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 (2022 - 5 ) .

Ascon Industrial Roofing Limited (Registered number: 01056457)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 142,264
Additions 32,123
Disposals (54,806 )
At 30 June 2023 119,581
DEPRECIATION
At 1 July 2022 130,592
Charge for year 9,271
Eliminated on disposal (46,531 )
At 30 June 2023 93,332
NET BOOK VALUE
At 30 June 2023 26,249
At 30 June 2022 11,672

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 80,991 129,357
Prepayments and accrued income 49,264 45,310
130,255 174,667

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 3,410 -
Trade creditors 84,258 154,716
Amounts owed to group undertakings 110,991 71,066
Tax - 2,641
Social security and other taxes 14,247 34,965
Other creditors 3,790 3,425
Accrued expenses 7,250 8,250
233,946 285,063

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 12,349 22,053
Hire purchase contracts 22,192 -
44,541 32,053

Ascon Industrial Roofing Limited (Registered number: 01056457)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 32,349 42,053
Hire purchase contracts 25,602 -
57,951 42,053

9. RELATED PARTY DISCLOSURES

At the year end a balance of £110,991 (2022 £71,066) was owed to Ascon Holdings Limited.

During the year a rental charge was incurred of £50,000 (2022: £50,000) with Ascon Holdings Limited

During the year a dividend of £20,000 has been issued (2022:£7,500).