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REGISTERED NUMBER: 08256593















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Ashwood Construction and Renovations Ltd

Ashwood Construction and Renovations Ltd (Registered number: 08256593)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ashwood Construction and Renovations Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: A Fitzgerald





SECRETARY: Mrs D L Fitzgerald





REGISTERED OFFICE: 16 Woodstock Drive
Wordsley
Stourbridge
West Midlands
DY8 5HY





REGISTERED NUMBER: 08256593





ACCOUNTANTS: Dalton Pardoe Limited
Chartered Accountants
794 High Street
Kingswinford
West Midlands
DY6 8BQ

Ashwood Construction and Renovations Ltd (Registered number: 08256593)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,465 3,175

CURRENT ASSETS
Stocks - 950
Debtors 5 2,223 252
Cash at bank 34,251 65,630
36,474 66,832
CREDITORS
Amounts falling due within one year 6 10,373 19,252
NET CURRENT ASSETS 26,101 47,580
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,566

50,755

PROVISIONS FOR LIABILITIES 468 603
NET ASSETS 28,098 50,152

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 27,998 50,052
SHAREHOLDERS' FUNDS 28,098 50,152

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

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

Ashwood Construction and Renovations Ltd (Registered number: 08256593)

Balance Sheet - continued
31 October 2023


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 22 February 2024 and were signed by:





A Fitzgerald - Director


Ashwood Construction and Renovations Ltd (Registered number: 08256593)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Ashwood Construction and Renovations Ltd is a private company, limited by shares , registered in Not specified/Other. 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 - 15% on reducing balance
Fixtures and fittings - 20% 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.

Ashwood Construction and Renovations Ltd (Registered number: 08256593)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

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 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 November 2022
and 31 October 2023 2,273 1,617 22,005 25,895
DEPRECIATION
At 1 November 2022 1,575 1,343 19,802 22,720
Charge for year 105 54 551 710
At 31 October 2023 1,680 1,397 20,353 23,430
NET BOOK VALUE
At 31 October 2023 593 220 1,652 2,465
At 31 October 2022 698 274 2,203 3,175

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Other debtors 2,223 -
Prepayments and accrued income - 252
2,223 252

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors - 944
Tax - 7,726
Social security and other taxes 316 78
VAT - 881
Other creditors 80 162
Directors' current accounts 9,376 8,686
Accrued expenses 601 775
10,373 19,252

Ashwood Construction and Renovations Ltd (Registered number: 08256593)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Retained
earnings
£   

At 1 November 2022 50,052
Deficit for the year (10,054 )
Dividends (12,000 )
At 31 October 2023 27,998

9. RELATED PARTY DISCLOSURES

The company paid dividends totalling £9,000 to its director Mr A Fitzgerald in the year under review.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Fitzgerald.