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REGISTERED NUMBER: 02951318 (England and Wales)


















ASH Door Furniture & Entrance
Specialists Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2023






ASH Door Furniture & Entrance
Specialists Ltd (Registered number: 02951318)






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


ASH Door Furniture & Entrance
Specialists Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: S Adams
Mrs C Adams





REGISTERED OFFICE: ASH House
Private Road 8
Colwick
Nottingham
NG4 2JX





REGISTERED NUMBER: 02951318 (England and Wales)





ACCOUNTANTS: Brooks Mayfield Limited
Chartered Accountants
12 Bridgford Road
West Bridgford
Nottinghamshire
NG2 6AB

ASH Door Furniture & Entrance
Specialists Ltd (Registered number: 02951318)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 8,817 9,477
Tangible assets 6 79,324 118,928
88,141 128,405

CURRENT ASSETS
Stocks 89,346 83,154
Debtors 7 792,672 646,793
Cash at bank and in hand 21,867 137,003
903,885 866,950
CREDITORS
Amounts falling due within one year 8 262,557 196,063
NET CURRENT ASSETS 641,328 670,887
TOTAL ASSETS LESS CURRENT
LIABILITIES

729,469

799,292

CREDITORS
Amounts falling due after more than one
year

9

(168,275

)

(235,655

)

PROVISIONS FOR LIABILITIES (19,831 ) (22,413 )
NET ASSETS 541,363 541,224

CAPITAL AND RESERVES
Called up share capital 12 64 62
Retained earnings 541,299 541,162
SHAREHOLDERS' FUNDS 541,363 541,224

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 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.

ASH Door Furniture & Entrance
Specialists Ltd (Registered number: 02951318)

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 Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





S Adams - Director


ASH Door Furniture & Entrance
Specialists Ltd (Registered number: 02951318)

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

1. STATUTORY INFORMATION

ASH Door Furniture & Entrance Specialists 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Intangible assets
Intangible assets are initially recognised at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Stamp Duty Land Tax is being amortised evenly over the 15 year period of the lease.

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% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 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.

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.


ASH Door Furniture & Entrance
Specialists Ltd (Registered number: 02951318)

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

3. ACCOUNTING POLICIES - continued
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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 9,804
AMORTISATION
At 1 January 2023 327
Charge for year 660
At 31 December 2023 987
NET BOOK VALUE
At 31 December 2023 8,817
At 31 December 2022 9,477

ASH Door Furniture & Entrance
Specialists Ltd (Registered number: 02951318)

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

6. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 503,174 53,868 773 557,815
DEPRECIATION
At 1 January 2023 384,682 53,868 337 438,887
Charge for year 39,496 - 108 39,604
At 31 December 2023 424,178 53,868 445 478,491
NET BOOK VALUE
At 31 December 2023 78,996 - 328 79,324
At 31 December 2022 118,492 - 436 118,928

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 98,192 66,839
Amounts owed by group undertakings 653,959 534,018
Other debtors 40,521 45,936
792,672 646,793

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 37,143 37,143
Hire purchase contracts (see note 10) 31,866 31,866
Trade creditors 84,238 54,925
Taxation and social security 49,592 52,525
Other creditors 59,718 19,604
262,557 196,063

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 112,539 148,053
Hire purchase contracts (see note 10) 55,736 87,602
168,275 235,655

ASH Door Furniture & Entrance
Specialists Ltd (Registered number: 02951318)

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

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.23 31.12.22
£    £   
Net obligations repayable:
Within one year 31,866 31,866
Between one and five years 55,736 87,602
87,602 119,468

Non-cancellable operating leases
31.12.23 31.12.22
£    £   
Within one year 98,150 98,150
Between one and five years 392,600 392,600
In more than five years 834,275 932,425
1,325,025 1,423,175

11. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Hire purchase contracts 87,602 119,468
Bank loan 44,682 50,196
Factoring account 44,192 -
176,476 169,664

Hire purchase contracts are secured over the assets to which they concern, the factoring account is secured by way of fixed charge on purchased debts that fail to vest, and the bank loan is secured by personal guarantees of the directors.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
62 Ordinary £1 62 62
1 Ordinary A £1 1 -
1 Ordinary B £1 1 -
64 62