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REGISTERED NUMBER: 05668381 (England and Wales)










Financial Statements

for the Year Ended 31 December 2023

for

ASP Builders and Developers Limited

ASP Builders and Developers Limited (Registered number: 05668381)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ASP Builders and Developers Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mrs J A E Todd





SECRETARY: A K Todd





REGISTERED OFFICE: Suite 32/33
Normanby Gateway
Lysaghts Way
Scunthorpe
North Lincolnshire
DN15 9YG





REGISTERED NUMBER: 05668381 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Suite 32/33 Normany Gateway,
Lysaghts Way,
Scunthorpe
North Lincolnshire
DN15 9YG

ASP Builders and Developers Limited (Registered number: 05668381)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 29,181 32,889

CURRENT ASSETS
Stocks 5 581,431 259,267
Debtors 6 78,278 20,768
Cash at bank 26,072 119,997
685,781 400,032
CREDITORS
Amounts falling due within one year 7 (610,531 ) (279,433 )
NET CURRENT ASSETS 75,250 120,599
TOTAL ASSETS LESS CURRENT
LIABILITIES

104,431

153,488

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 104,331 153,388
SHAREHOLDERS' FUNDS 104,431 153,488

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 12 July 2024 and were signed by:





Mrs J A E Todd - Director


ASP Builders and Developers Limited (Registered number: 05668381)

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

1. STATUTORY INFORMATION

ASP Builders and Developers 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.

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 - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

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 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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

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

ASP Builders and Developers Limited (Registered number: 05668381)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 99,296 6,250 60,038 165,584
Additions 9,810 - - 9,810
At 31 December 2023 109,106 6,250 60,038 175,394
DEPRECIATION
At 1 January 2023 93,349 6,245 33,101 132,695
Charge for year 5,431 5 8,082 13,518
At 31 December 2023 98,780 6,250 41,183 146,213
NET BOOK VALUE
At 31 December 2023 10,326 - 18,855 29,181
At 31 December 2022 5,947 5 26,937 32,889

5. STOCKS
2023 2022
£    £   
Work-in-progress 581,431 259,267

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 65,649 -
CIS debtors 750 -
Tax - 15,993
VAT 10,233 3,681
Prepayments 1,646 1,094
78,278 20,768

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 44,000 -
Trade creditors 453,034 193,672
Corporation tax (12 ) -
PAYE/NI liability 706 204
Directors' current accounts 111,176 84,049
Accrued expenses 1,627 1,508
610,531 279,433

ASP Builders and Developers Limited (Registered number: 05668381)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Retained
earnings
£   

At 1 January 2023 153,388
Deficit for the year (9,057 )
Dividends (40,000 )
At 31 December 2023 104,331

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Dividends of £40,000 were paid to the director during the period ended 31/12/2023 (2022 - £Nil). The Company owed the director £111,176 as at 31/12/2023 (2022 - £84,049).

11. RELATED PARTY DISCLOSURES

During the trading year, the company has taken services from A K Todd Builders Ltd, a company in which Alan Keith Todd is a common shareholder, for £271,610 (2022: £190,291).

The company has also given loan to A K Todd Builders Ltd during the year in the sum of £65,649 (2022: Nil).

Net owed to A K Todd Builders Ltd as at 31/12/2023 was £386,051 (2022:£187,000).