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REGISTERED NUMBER: 06003414 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ASHVILLE CONSTRUCTION LIMITED

ASHVILLE CONSTRUCTION LIMITED (REGISTERED NUMBER: 06003414)






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 CONSTRUCTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: D A Louisy





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





REGISTERED NUMBER: 06003414 (England and Wales)





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

ASHVILLE CONSTRUCTION LIMITED (REGISTERED NUMBER: 06003414)

BALANCE SHEET
31 MARCH 2024

2024 2023
as restated
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 7,947 15,361
7,947 15,361

CURRENT ASSETS
Debtors 7 497,808 219,149
Cash at bank 19,896 75,740
517,704 294,889
CREDITORS
Amounts falling due within one year 8 (1,086,123 ) (865,780 )
NET CURRENT LIABILITIES (568,419 ) (570,891 )
TOTAL ASSETS LESS CURRENT LIABILITIES (560,472 ) (555,530 )

CREDITORS
Amounts falling due after more than one
year

9

(12,773

)

(24,803

)
NET LIABILITIES (573,245 ) (580,333 )

CAPITAL AND RESERVES
Called up share capital 12 1 2
Retained earnings (573,246 ) (580,335 )
SHAREHOLDERS' FUNDS (573,245 ) (580,333 )

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 CONSTRUCTION LIMITED (REGISTERED NUMBER: 06003414)

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 CONSTRUCTION LIMITED (REGISTERED NUMBER: 06003414)

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

1. STATUTORY INFORMATION

Ashville Construction 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.

The company's liabilities exceeded assets by £573,245 (2023: £580,333). The director continues to support the company financially and as such the company is expected to meet its liabilities as they fall due. The financial statements have therefore been prepared on a going concern basis.

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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc - 25% on cost

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 CONSTRUCTION LIMITED (REGISTERED NUMBER: 06003414)

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

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 9 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023 6,640
Disposals (6,640 )
At 31 March 2024 -
AMORTISATION
At 1 April 2023 6,640
Eliminated on disposal (6,640 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

ASHVILLE CONSTRUCTION LIMITED (REGISTERED NUMBER: 06003414)

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

6. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023 33,892 14,186 48,078
Additions 815 - 815
Disposals - (14,186 ) (14,186 )
At 31 March 2024 34,707 - 34,707
DEPRECIATION
At 1 April 2023 18,531 14,186 32,717
Charge for year 8,229 - 8,229
Eliminated on disposal - (14,186 ) (14,186 )
At 31 March 2024 26,760 - 26,760
NET BOOK VALUE
At 31 March 2024 7,947 - 7,947
At 31 March 2023 15,361 - 15,361

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 April 2023
and 31 March 2024 28,888
DEPRECIATION
At 1 April 2023 14,444
Charge for year 7,222
At 31 March 2024 21,666
NET BOOK VALUE
At 31 March 2024 7,222
At 31 March 2023 14,444

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 97,946 9,841
Amounts owed by group undertakings 140,388 11,688
Other debtors 259,474 197,620
497,808 219,149

ASHVILLE CONSTRUCTION LIMITED (REGISTERED NUMBER: 06003414)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Bank loans and overdrafts 10,560 10,800
Hire purchase contracts 3,087 8,396
Trade creditors 44,794 77,803
Amounts owed to group undertakings 640,506 172,541
Taxation and social security 3,697 5,635
Other creditors 383,479 590,605
1,086,123 865,780

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
as restated
£    £   
Bank loans 12,773 22,533
Hire purchase contracts - 2,270
12,773 24,803

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
as restated
£    £   
Hire purchase contracts 3,087 10,666

11. DEFERRED TAX
£   
Balance at 1 April 2023 (170,128 )
Utilised during year 33,590
Balance at 31 March 2024 (136,538 )

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: as restated
£    £   
1 Ordinary £1 1 1
NIL Ordinary B £1 - 1
1 2

During the year one ordinary B share was cancelled by the company.

ASHVILLE CONSTRUCTION LIMITED (REGISTERED NUMBER: 06003414)

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

13. RELATED PARTY DISCLOSURES

At the balance sheet date the director was owed £367,653 (2023: £367,653). The amount bears no interest, is repayable on demand and is disclosed within creditors due in less than one year.

At the balance sheet date £140,488 (2023: £11,687) was owed from group or related companies. The amounts are repayable on demand and included within debtors due back in less than one year.

At the balance sheet date £640,606 (2023: £172,541) was owed to group or related companies. The amounts are repayable on demand and included within creditors due back in less than one year.

14. CONTROLLING PARTY

The controlling party is Ashville Holdings Limited

15. PRIOR YEAR ADJUSTMENTS

The prior year’s financial statements have been restated to recognise vehicle rental costs that were previously omitted. This adjustment has led to an increase of £156,052 in vehicle rental expenses within the profit and loss statement, as well as in the accruals on the balance sheet.

Consequently, the profit after tax has been reduced by an equivalent amount.