Ashgrove Conservatories And Sunrooms Limited NI070557 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is to supply and install windows, conservatories and sunrooms Digita Accounts Production Advanced 6.30.9574.0 true true NI070557 2022-12-01 2023-11-30 NI070557 2023-11-30 NI070557 bus:OrdinaryShareClass1 2023-11-30 NI070557 core:RetainedEarningsAccumulatedLosses 2023-11-30 NI070557 core:ShareCapital 2023-11-30 NI070557 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-11-30 NI070557 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-11-30 NI070557 core:CurrentFinancialInstruments 2023-11-30 NI070557 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 NI070557 core:Non-currentFinancialInstruments 2023-11-30 NI070557 core:Non-currentFinancialInstruments core:AfterOneYear 2023-11-30 NI070557 core:FurnitureFittingsToolsEquipment 2023-11-30 NI070557 core:MotorVehicles 2023-11-30 NI070557 core:OtherPropertyPlantEquipment 2023-11-30 NI070557 bus:SmallEntities 2022-12-01 2023-11-30 NI070557 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 NI070557 bus:FullAccounts 2022-12-01 2023-11-30 NI070557 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 NI070557 bus:RegisteredOffice 2022-12-01 2023-11-30 NI070557 bus:Director1 2022-12-01 2023-11-30 NI070557 bus:Director2 2022-12-01 2023-11-30 NI070557 bus:Director3 2022-12-01 2023-11-30 NI070557 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 NI070557 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 NI070557 core:FurnitureFittingsToolsEquipment 2022-12-01 2023-11-30 NI070557 core:MotorVehicles 2022-12-01 2023-11-30 NI070557 core:OtherPropertyPlantEquipment 2022-12-01 2023-11-30 NI070557 core:PlantMachinery 2022-12-01 2023-11-30 NI070557 countries:AllCountries 2022-12-01 2023-11-30 NI070557 2022-11-30 NI070557 core:FurnitureFittingsToolsEquipment 2022-11-30 NI070557 core:MotorVehicles 2022-11-30 NI070557 core:OtherPropertyPlantEquipment 2022-11-30 NI070557 2021-12-01 2022-11-30 NI070557 2022-11-30 NI070557 bus:OrdinaryShareClass1 2022-11-30 NI070557 core:RetainedEarningsAccumulatedLosses 2022-11-30 NI070557 core:ShareCapital 2022-11-30 NI070557 core:HirePurchaseContracts core:CurrentFinancialInstruments 2022-11-30 NI070557 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2022-11-30 NI070557 core:CurrentFinancialInstruments 2022-11-30 NI070557 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 NI070557 core:Non-currentFinancialInstruments 2022-11-30 NI070557 core:Non-currentFinancialInstruments core:AfterOneYear 2022-11-30 NI070557 core:FurnitureFittingsToolsEquipment 2022-11-30 NI070557 core:MotorVehicles 2022-11-30 NI070557 core:OtherPropertyPlantEquipment 2022-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI070557

Ashgrove Conservatories And Sunrooms Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 November 2023

 

Ashgrove Conservatories And Sunrooms Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Ashgrove Conservatories And Sunrooms Limited

Company Information

Directors

Mr B Cassley

Mr C Cassley

Mr L Cassley

Registered office

Unit 11
Woodhill Commercial Park
Ballymena
BT43 5QS

Accountants

McKeague Morgan & Company
Chartered Accountants
27 College Gardens
Belfast
BT9 6BS

 

Ashgrove Conservatories And Sunrooms Limited

(Registration number: NI070557)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

15,623

1,848

Current assets

 

Stocks

5

16,252

80,079

Debtors

6

82,699

71,253

Cash at bank and in hand

 

43,640

91,666

 

142,591

242,998

Creditors: Amounts falling due within one year

7

(192,383)

(210,128)

Net current (liabilities)/assets

 

(49,792)

32,870

Total assets less current liabilities

 

(34,169)

34,718

Creditors: Amounts falling due after more than one year

7

(5,479)

-

Provisions for liabilities

(351)

(351)

Net (liabilities)/assets

 

(39,999)

34,367

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(40,099)

34,267

Total equity

 

(39,999)

34,367

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 28 June 2024 and signed on its behalf by:
 

.........................................

Mr C Cassley
Director

 

Ashgrove Conservatories And Sunrooms Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in the United Kingdom.

The address of its registered office is:
Unit 11
Woodhill Commercial Park
Ballymena
BT43 5QS

These financial statements were authorised for issue by the Board on 28 June 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Ashgrove Conservatories And Sunrooms Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

2

Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% straight line

Plant & machinery

25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Ashgrove Conservatories And Sunrooms Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

2

Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2022 - 8).

 

Ashgrove Conservatories And Sunrooms Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other property, plant and equipment
 £

Total
£

Cost or valuation

At 1 December 2022

-

56,545

8,850

65,395

Additions

1,500

18,000

-

19,500

At 30 November 2023

1,500

74,545

8,850

84,895

Depreciation

At 1 December 2022

-

56,545

7,002

63,547

Charge for the year

300

4,500

925

5,725

At 30 November 2023

300

61,045

7,927

69,272

Carrying amount

At 30 November 2023

1,200

13,500

923

15,623

At 30 November 2022

-

-

1,848

1,848

5

Stocks

2023
£

2022
£

Work in progress

8,752

73,407

Other inventories

7,500

6,672

16,252

80,079

6

Debtors

2023
£

2022
£

Trade debtors

77,149

63,304

Prepayments

2,923

4,381

Other debtors

2,627

3,568

82,699

71,253

7

Creditors

 

Ashgrove Conservatories And Sunrooms Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

7

Creditors (continued)

Note

2023
£

2022
£

Due within one year

 

HP and finance lease liabilities

 

3,867

-

Trade creditors

 

73,516

73,027

Corporation tax liability

 

-

7,682

Taxation and social security

 

12,455

21,093

Other creditors

 

45,879

31,327

Loans from directors

 

9,899

19,145

Accruals and deferred income

 

46,767

57,854

 

192,383

210,128

Due after one year

 

Obligations under finance leases

 

5,479

-

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

         

9

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Hire purchase contracts

3,867

-

2023
£

2022
£

Non-current loans and borrowings

Hire purchase contracts

5,479

-