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ASHBROOK CONSTRUCTION (MATLOCK) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






ASHBROOK CONSTRUCTION (MATLOCK) LIMITED (REGISTERED NUMBER: 09588802)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASHBROOK CONSTRUCTION (MATLOCK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mrs C Ashbrook
G H Ashbrook





REGISTERED OFFICE: Harrison Way
Darley Dale
Matlock
Derbyshire
DE4 2LF





REGISTERED NUMBER: 09588802 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

ASHBROOK CONSTRUCTION (MATLOCK) LIMITED (REGISTERED NUMBER: 09588802)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 676 -

CURRENT ASSETS
Stocks 5 305,421 257,920
Debtors 6 311,013 69,602
Cash at bank 61,543 9,059
677,977 336,581
CREDITORS
Amounts falling due within one year 7 495,404 197,330
NET CURRENT ASSETS 182,573 139,251
TOTAL ASSETS LESS CURRENT LIABILITIES 183,249 139,251

CREDITORS
Amounts falling due after more than one
year

8

257,936

193,405
NET LIABILITIES (74,687 ) (54,154 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings (74,787 ) (54,254 )
SHAREHOLDERS' FUNDS (74,687 ) (54,154 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

ASHBROOK CONSTRUCTION (MATLOCK) LIMITED (REGISTERED NUMBER: 09588802)

BALANCE SHEET - continued
31 JULY 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 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 23 April 2024 and were signed on its behalf by:





G H Ashbrook - Director


ASHBROOK CONSTRUCTION (MATLOCK) LIMITED (REGISTERED NUMBER: 09588802)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

Ashbrook Construction (Matlock) 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.

These financial statements have been prepared on a going concern basis which assumes the continued support of the directors and bankers.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

ASHBROOK CONSTRUCTION (MATLOCK) LIMITED (REGISTERED NUMBER: 09588802)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


2. ACCOUNTING POLICIES - continued

Financial liabilities
Short term creditors are measured at transaction price, less any impairment. Other financial liabilities are measured initially at fair value, net of transaction cost and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Financial assets
Short term debtors are measured at transaction price, less any impairment. Other financial assets are measured initially at fair value, net of transactions cost and are subsequently measured at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
Additions 901
At 31 July 2023 901
DEPRECIATION
Charge for year 225
At 31 July 2023 225
NET BOOK VALUE
At 31 July 2023 676

5. STOCKS
2023 2022
£    £   
Work-in-progress 305,421 257,920

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by participating interests 199,949 50,100
Other debtors 111,064 19,502
311,013 69,602

ASHBROOK CONSTRUCTION (MATLOCK) LIMITED (REGISTERED NUMBER: 09588802)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 12,624 11,160
Trade creditors 11,093 217
Amounts owed to participating interests - 134,933
Other creditors 471,687 51,020
495,404 197,330

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 9) 257,936 193,405

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 207,441 148,765

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 12,624 11,160

Amounts falling due between one and two years:
Bank loans - 1-2 years 12,624 11,160

Amounts falling due between two and five years:
Bank loans - 2-5 years 37,871 33,480

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 207,441 148,765

ASHBROOK CONSTRUCTION (MATLOCK) LIMITED (REGISTERED NUMBER: 09588802)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 270,560 204,565

The bank loan is secured on freehold property owned by the directors.

11. CALLED UP SHARE CAPITAL

Nominal Value 2023 2022
Share Capital £ £
Ordinary Shares £1.00 - -
Ordinary A Shares £1.00 34 34
Ordinary B Shares £1.00 33 33
Ordinary C Shares £1.00 33 33
______ ______

£100 £100
______ ______

12. RELATED PARTY DISCLOSURES

The company has a £121,000 (2022: £50,000) interest-free loan from a related party, which is repayable on demand.