IRIS Accounts Production v24.2.0.383 06124073 director 1.3.22 30.8.23 30.8.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh061240732022-02-28061240732023-08-30061240732022-03-012023-08-30061240732021-02-28061240732021-03-012022-02-28061240732022-02-2806124073ns15:EnglandWales2022-03-012023-08-3006124073ns14:PoundSterling2022-03-012023-08-3006124073ns10:Director12022-03-012023-08-3006124073ns10:PrivateLimitedCompanyLtd2022-03-012023-08-3006124073ns10:SmallEntities2022-03-012023-08-3006124073ns10:AuditExemptWithAccountantsReport2022-03-012023-08-3006124073ns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-08-3006124073ns10:SmallCompaniesRegimeForAccounts2022-03-012023-08-3006124073ns10:FullAccounts2022-03-012023-08-3006124073ns10:RegisteredOffice2022-03-012023-08-3006124073ns5:CurrentFinancialInstruments2023-08-3006124073ns5:CurrentFinancialInstruments2022-02-2806124073ns5:Non-currentFinancialInstruments2023-08-3006124073ns5:Non-currentFinancialInstruments2022-02-2806124073ns5:ShareCapital2023-08-3006124073ns5:ShareCapital2022-02-2806124073ns5:RetainedEarningsAccumulatedLosses2023-08-3006124073ns5:RetainedEarningsAccumulatedLosses2022-02-2806124073ns5:PlantMachinery2022-02-2806124073ns5:PlantMachinery2022-03-012023-08-3006124073ns5:PlantMachinery2023-08-3006124073ns5:PlantMachinery2022-02-2806124073ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-03-012023-08-3006124073ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-08-3006124073ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3006124073ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-2806124073ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3006124073ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-02-2806124073ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-08-3006124073ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2022-02-2806124073ns5:HirePurchaseContracts2023-08-3006124073ns5:HirePurchaseContracts2022-02-28061240731ns10:Director12022-02-28061240731ns10:Director12021-02-28061240731ns10:Director12022-03-012023-08-30061240731ns10:Director12021-03-012022-02-28061240731ns10:Director12023-08-30061240731ns10:Director12022-02-28
REGISTERED NUMBER: 06124073 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2022 TO 30 AUGUST 2023

FOR

ASHLEY GROUNDWORKS LTD

ASHLEY GROUNDWORKS LTD (REGISTERED NUMBER: 06124073)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2022 TO 30 AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

ASHLEY GROUNDWORKS LTD

COMPANY INFORMATION
FOR THE PERIOD 1 MARCH 2022 TO 30 AUGUST 2023







DIRECTOR: K Ashley





REGISTERED OFFICE: Rivers Keep 140 Itchen Stoke
Alresford
Hampshire
SO24 0QZ





REGISTERED NUMBER: 06124073 (England and Wales)





ACCOUNTANTS: Rothmans LLP
Avebury House
St Peter Street
Winchester
Hampshire
SO23 8BN

ASHLEY GROUNDWORKS LTD (REGISTERED NUMBER: 06124073)

BALANCE SHEET
30 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 140,116 103,535

CURRENT ASSETS
Stocks - 26,000
Debtors 5 375,984 414,917
Cash at bank 95,461 15,495
471,445 456,412
CREDITORS
Amounts falling due within one year 6 228,790 134,555
NET CURRENT ASSETS 242,655 321,857
TOTAL ASSETS LESS CURRENT
LIABILITIES

382,771

425,392

CREDITORS
Amounts falling due after more than one
year

7

(66,330

)

(40,353

)

PROVISIONS FOR LIABILITIES (26,622 ) (19,672 )
NET ASSETS 289,819 365,367

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 289,818 365,366
289,819 365,367

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

The members have not required the company to obtain an audit of its financial statements for the period ended 30 August 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.

ASHLEY GROUNDWORKS LTD (REGISTERED NUMBER: 06124073)

BALANCE SHEET - continued
30 AUGUST 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 27 August 2024 and were signed by:





K Ashley - Director


ASHLEY GROUNDWORKS LTD (REGISTERED NUMBER: 06124073)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2022 TO 30 AUGUST 2023


1. STATUTORY INFORMATION

Ashley Groundworks 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 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 - 20% reducing balance
Motor vehicles - 20% 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.

Financial instruments
Basic financial instruments are initially measured at the transaction price, unless the arrangement
constitutes a financing transaction, when it is measured at the present value of the future repayments
discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently
measured at amortised cost.

Taxation
Taxation for the period 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 period 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.

ASHLEY GROUNDWORKS LTD (REGISTERED NUMBER: 06124073)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2022 TO 30 AUGUST 2023


2. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 228,996
Additions 94,478
Disposals (12,190 )
At 30 August 2023 311,284
DEPRECIATION
At 1 March 2022 125,461
Charge for period 50,615
Eliminated on disposal (4,908 )
At 30 August 2023 171,168
NET BOOK VALUE
At 30 August 2023 140,116
At 28 February 2022 103,535

ASHLEY GROUNDWORKS LTD (REGISTERED NUMBER: 06124073)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2022 TO 30 AUGUST 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 22,337
Reclassification/transfer 73,013
At 30 August 2023 95,350
DEPRECIATION
Charge for period 27,145
Reclassification/transfer 47,058
At 30 August 2023 74,203
NET BOOK VALUE
At 30 August 2023 21,147

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 75,594 17,012
Amounts owed by participating interests - 45,312
Other debtors 300,390 352,593
375,984 414,917

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 32,618 18,753
Trade creditors 104,614 111,987
Taxation and social security 66,558 2,465
Other creditors 25,000 1,350
228,790 134,555

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 66,330 40,353

ASHLEY GROUNDWORKS LTD (REGISTERED NUMBER: 06124073)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2022 TO 30 AUGUST 2023


8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year 32,618 18,753
Between one and five years 66,330 40,353
98,948 59,106

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 August 2023 and the year ended 28 February 2022:

2023 2022
£    £   
K Ashley
Balance outstanding at start of period 213,514 -
Amounts advanced 95,880 344,453
Amounts repaid (124,384 ) (130,939 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 185,010 213,514

The loan is repayable on demand and interest has been charged at the HMRC appropriate interest rate.

10. RELATED PARTY DISCLOSURES

During the year amounts owed to the Company by AGW Plant Hire Limited and AGW Developments Limited, companies of which were under common control, were written off as both AGW Plant Hire Limited and AGW Developments Limited had both dissolved within the year.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ASHLEY GROUNDWORKS LTD


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ashley Groundworks Ltd for the period ended 30 August 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Ashley Groundworks Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ashley Groundworks Ltd and state those matters that we have agreed to state to the director of Ashley Groundworks Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ashley Groundworks Ltd and its director for our work or for this report.

It is your duty to ensure that Ashley Groundworks Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Ashley Groundworks Ltd. You consider that Ashley Groundworks Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Ashley Groundworks Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Rothmans LLP
Avebury House
St Peter Street
Winchester
Hampshire
SO23 8BN


29 August 2024