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REGISTERED NUMBER: 08783350 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Ascus Screeding Ltd

Ascus Screeding Ltd (Registered number: 08783350)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ascus Screeding Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: B Thomas





REGISTERED OFFICE: 35 Hen Parc Avenue
Upper Killay
Swansea
SA2 7HA





REGISTERED NUMBER: 08783350 (England and Wales)





ACCOUNTANTS: DGL Accountancy Services Limited
Chartered Certified Accountants
35 Hen Parc Avenue
Upper Killay
Swansea
SA2 7HA

Ascus Screeding Ltd (Registered number: 08783350)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,812 7,224

CURRENT ASSETS
Stocks 19,150 9,050
Debtors 5 160,973 221,056
Cash at bank and in hand 30,420 41,027
210,543 271,133
CREDITORS
Amounts falling due within one year 6 115,883 158,562
NET CURRENT ASSETS 94,660 112,571
TOTAL ASSETS LESS CURRENT
LIABILITIES

135,472

119,795

CREDITORS
Amounts falling due after more than
one year

7

(12,295

)

(23,076

)

PROVISIONS FOR LIABILITIES 8 (6,600 ) (1,370 )
NET ASSETS 116,577 95,349

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 116,477 95,249
SHAREHOLDERS' FUNDS 116,577 95,349

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

Ascus Screeding Ltd (Registered number: 08783350)

Balance Sheet - continued
30 November 2023


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 26 August 2024 and were signed by:





B Thomas - Director


Ascus Screeding Ltd (Registered number: 08783350)

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

1. STATUTORY INFORMATION

Ascus Screeding Ltd 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 represents net invoiced sales of goods and services, excluding value added tax.

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 reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% 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.

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 8 (2022 - 10 ) .

Ascus Screeding Ltd (Registered number: 08783350)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 29,753 8,492 665 38,910
Additions 39,475 - - 39,475
At 30 November 2023 69,228 8,492 665 78,385
DEPRECIATION
At 1 December 2022 23,983 7,332 371 31,686
Charge for year 5,523 290 74 5,887
At 30 November 2023 29,506 7,622 445 37,573
NET BOOK VALUE
At 30 November 2023 39,722 870 220 40,812
At 30 November 2022 5,770 1,160 294 7,224

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 148,521 221,056
VAT 12,452 -
160,973 221,056

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 11,220 11,220
Trade creditors 7,221 6,665
Corporation tax 2,750 2,750
Social security and other taxes (4,096 ) 3,440
VAT - 8,835
Other creditors 62,468 58,500
Directors' current accounts 34,120 64,952
Accrued expenses 2,200 2,200
115,883 158,562

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 12,295 23,076

Ascus Screeding Ltd (Registered number: 08783350)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

8. PROVISIONS FOR LIABILITIES
30.11.23 30.11.22
£    £   
Deferred tax 6,600 1,370

Deferred
tax
£   
Balance at 1 December 2022 1,370
Charge to Income Statement during year 5,230
Balance at 30 November 2023 6,600

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 (2022 - £2,000) were paid to the director .

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is B Thomas.