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REGISTERED NUMBER: 10153455 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ASHVILLE AGGREGATES AND CONCRETE LIMITED

ASHVILLE AGGREGATES AND CONCRETE LIMITED (REGISTERED NUMBER: 10153455)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASHVILLE AGGREGATES AND CONCRETE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: D A Louisy





REGISTERED OFFICE: Plot 5 Link Park
Thorney Mill Road
West Drayton
Middlesex
UB7 7EZ





REGISTERED NUMBER: 10153455 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

ASHVILLE AGGREGATES AND CONCRETE LIMITED (REGISTERED NUMBER: 10153455)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 92,941 50,000
Tangible assets 6 30,553 17,824
123,494 67,824

CURRENT ASSETS
Stocks 185,439 -
Debtors 7 3,474,991 1,866,524
Cash at bank 25 1,591
3,660,455 1,868,115
CREDITORS
Amounts falling due within one year 8 (3,576,414 ) (1,788,319 )
NET CURRENT ASSETS 84,041 79,796
TOTAL ASSETS LESS CURRENT LIABILITIES 207,535 147,620

CREDITORS
Amounts falling due after more than one
year

9

(139,948

)

(182,602

)

PROVISIONS FOR LIABILITIES 10 (7,638 ) (4,455 )
NET ASSETS/(LIABILITIES) 59,949 (39,437 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 59,849 (39,537 )
SHAREHOLDERS' FUNDS 59,949 (39,437 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

ASHVILLE AGGREGATES AND CONCRETE LIMITED (REGISTERED NUMBER: 10153455)

BALANCE SHEET - continued
31 MARCH 2024


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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 August 2024 and were signed by:





D A Louisy - Director


ASHVILLE AGGREGATES AND CONCRETE LIMITED (REGISTERED NUMBER: 10153455)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Ashville Aggregates and Concrete 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Computer software is being amortised evenly over its estimated useful life of nil years.

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 etc - Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.


ASHVILLE AGGREGATES AND CONCRETE LIMITED (REGISTERED NUMBER: 10153455)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received using the performance model.

The grant will therefore be recognised in other income when the grant proceeds are received or receivable provided the terms of the grant do not impose future performance related conditions.

If the terms of the grant do impose future performance related conditions, the grant is only recognised in income when the performance related conditions are met.

Any grants that are received before the recognition criteria is met are recognised in the entity's financial statements as a liability.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 49 (2023 - 42 ) .

ASHVILLE AGGREGATES AND CONCRETE LIMITED (REGISTERED NUMBER: 10153455)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023 50,000
Additions 53,268
At 31 March 2024 103,268
AMORTISATION
Charge for year 10,327
At 31 March 2024 10,327
NET BOOK VALUE
At 31 March 2024 92,941
At 31 March 2023 50,000

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 25,202
Additions 15,124
At 31 March 2024 40,326
DEPRECIATION
At 1 April 2023 7,378
Charge for year 2,395
At 31 March 2024 9,773
NET BOOK VALUE
At 31 March 2024 30,553
At 31 March 2023 17,824

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,726,719 1,321,063
Amounts owed by group undertakings 1,224,776 449,360
Other debtors 523,496 96,101
3,474,991 1,866,524

ASHVILLE AGGREGATES AND CONCRETE LIMITED (REGISTERED NUMBER: 10153455)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,340,397 566,382
Trade creditors 1,573,958 607,071
Amounts owed to group undertakings 167,856 111,766
Taxation and social security 322,512 238,938
Other creditors 171,691 264,162
3,576,414 1,788,319

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 139,948 182,602

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 7,638 4,455

Deferred
tax
£   
Balance at 1 April 2023 4,455
Provided during year 3,183
Balance at 31 March 2024 7,638

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares £1 100 100

12. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the director £76,780 (2023: £66,512). The amount bears no interest, is repayable on demand and is included within creditors due in less than one year.

13. CONTROLLING PARTY

The controlling party is Ashville Holdings Limited.