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REGISTERED NUMBER: 06770080 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Ashvale Contractors Limited

Ashvale Contractors Limited (Registered number: 06770080)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ashvale Contractors Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: M J McNiff





REGISTERED OFFICE: Ynysfach Yard
Taffs Well
Cardiff
CF15 7NT





REGISTERED NUMBER: 06770080 (England and Wales)





ACCOUNTANTS: DHB Accountants Limited
Chartered Accountants
Statutory Auditors
110 Whitchurch Road
Cardiff
CF14 3LY

Ashvale Contractors Limited (Registered number: 06770080)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,264 31,662

CURRENT ASSETS
Stocks 39,061 57,561
Debtors 5 67,590 46,554
Cash at bank and in hand 86,286 90,101
192,937 194,216
CREDITORS
Amounts falling due within one year 6 93,441 88,129
NET CURRENT ASSETS 99,496 106,087
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,760

137,749

CREDITORS
Amounts falling due after more than one
year

7

32,150

37,371
NET ASSETS 94,610 100,378

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 8 31,484 31,484
Retained earnings 63,125 68,893
SHAREHOLDERS' FUNDS 94,610 100,378

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 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.

Ashvale Contractors Limited (Registered number: 06770080)

Balance Sheet - continued
31 December 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 30 August 2024 and were signed by:





M J McNiff - Director


Ashvale Contractors Limited (Registered number: 06770080)

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

1. STATUTORY INFORMATION

Ashvale Contractors 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 as modified by the revaluation of certain assets.

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 etc - 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 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.

Ashvale Contractors Limited (Registered number: 06770080)

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

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 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST OR VALUATION
At 1 January 2023 189,088
Additions 11,775
At 31 December 2023 200,863
DEPRECIATION
At 1 January 2023 157,426
Charge for year 16,173
At 31 December 2023 173,599
NET BOOK VALUE
At 31 December 2023 27,264
At 31 December 2022 31,662

Cost or valuation at 31 December 2023 is represented by:

Plant and
machinery
etc
£   
Valuation in 2014 200,863

If plant and machinery had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 20,844 20,844
Aggregate depreciation 20,844 20,844

Plant and machinery were valued on an open market basis on 31 December 2014 by Morgan Mccabe Limited .

Ashvale Contractors Limited (Registered number: 06770080)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 45,569 23,549
Other debtors 22,021 23,005
67,590 46,554

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,018 5,018
Trade creditors (1 ) -
Taxation and social security 1,583 1,145
Other creditors 86,841 81,966
93,441 88,129

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 32,150 37,371

8. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 31,484

9. RELATED PARTY DISCLOSURES

Included in other debtors is an amount of £16,708 (2022 £16,708) due from companies under common control.

10. ULTIMATE CONTROLLING PARTY

The controlling party is M J McNiff.