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REGISTERED NUMBER: 12448892 (England and Wales)












Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Ashby Welding & Fabrication Limited

Ashby Welding & Fabrication Limited (Registered number: 12448892)

Contents of the Financial Statements
for the Year Ended 29 February 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ashby Welding & Fabrication Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: R J Holden
J T Baggott





REGISTERED OFFICE: C/O Mulberry & Co
Eastgate House
Dogflud Way
Farnham
Surrey
GU9 7UD





REGISTERED NUMBER: 12448892 (England and Wales)





ACCOUNTANTS: Mulberry & Co
Chartered Certified Accountants
& Chartered Tax Advisers
C/O Mulberry & Co
Eastgate House
Dogflud Way
Farnham
Surrey
GU9 7UD

Ashby Welding & Fabrication Limited (Registered number: 12448892)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 20,000 40,000
Tangible assets 5 15,606 18,224
35,606 58,224

CURRENT ASSETS
Stocks 7,000 15,500
Debtors 6 86,712 80,500
Cash at bank and in hand 63,501 50,226
157,213 146,226
CREDITORS
Amounts falling due within one year 7 (82,099 ) (63,588 )
NET CURRENT ASSETS 75,114 82,638
TOTAL ASSETS LESS CURRENT
LIABILITIES

110,720

140,862

CREDITORS
Amounts falling due after more than one
year

8

(10,719

)

(29,861

)
NET ASSETS 100,001 111,001

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 99,901 110,901
SHAREHOLDERS' FUNDS 100,001 111,001

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Ashby Welding & Fabrication Limited (Registered number: 12448892)

Balance Sheet - continued
29 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2024 and were signed on its behalf by:




J T Baggott - Director



R J Holden - Director


Ashby Welding & Fabrication Limited (Registered number: 12448892)

Notes to the Financial Statements
for the Year Ended 29 February 2024


1. STATUTORY INFORMATION

Ashby Welding & Fabrication 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

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 - 33% on cost and 15% on reducing balance

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

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 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.

Ashby Welding & Fabrication Limited (Registered number: 12448892)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 100,000
AMORTISATION
At 1 March 2023 60,000
Charge for year 20,000
At 29 February 2024 80,000
NET BOOK VALUE
At 29 February 2024 20,000
At 28 February 2023 40,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 35,328
Additions 3,815
At 29 February 2024 39,143
DEPRECIATION
At 1 March 2023 17,104
Charge for year 6,433
At 29 February 2024 23,537
NET BOOK VALUE
At 29 February 2024 15,606
At 28 February 2023 18,224

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 86,712 80,500

Ashby Welding & Fabrication Limited (Registered number: 12448892)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 28,764 5,357
Taxation and social security 36,629 33,535
Other creditors 16,706 24,696
82,099 63,588

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 10,719 13,861
Other creditors - 16,000
10,719 29,861