ASHLEY CONSTRUCTION LIMITED

Company Registration Number:
07521924 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

ASHLEY CONSTRUCTION LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Company Information - 3
Report of the Directors - 4
Balance sheet - 5
Additional notes - 7
Balance sheet notes - 10

ASHLEY CONSTRUCTION LIMITED

Company Information

for the Period Ended 31 March 2024




Director: Paul Lawrence
Registered office: Ashley House
Inn Lane
Hartlebury
Kidderminster
Worcestershire
DY11 7TA
Company Registration Number: 07521924 (England and Wales)

ASHLEY CONSTRUCTION LIMITED

Directors' Report Period Ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal Activities

The principal activity of the company in the year under review was that of the provision of building and maintenance services.

Directors

The directors shown below have held office during the whole of the period from 01 April 2023 to 31 March 2024
Paul Lawrence

This report was approved by the board of directors on 11 October 2024
And Signed On Behalf Of The Board By:

Name: Paul Lawrence
Status: Director

ASHLEY CONSTRUCTION LIMITED

Balance sheet

As at 31 March 2024


Notes

2024
£

2023
£
Fixed assets
Intangible assets: 4 0 0
Tangible assets: 5 27,256 15,785
Total fixed assets: 27,256 15,785
Current assets
Debtors: 108,494 79,326
Cash at bank and in hand: 156,103 234,021
Total current assets: 264,597 313,347
Creditors: amounts falling due within one year: ( 45,672 ) ( 83,941 )
Net current assets (liabilities): 218,925 229,406
Total assets less current liabilities: 246,181 245,191
Total net assets (liabilities): 246,181 245,191

The notes form part of these financial statements

ASHLEY CONSTRUCTION LIMITED

Balance sheet continued

As at 31 March 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 246,081 245,091
Shareholders funds: 246,181 245,191

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 11 October 2024
And Signed On Behalf Of The Board By:

Name: Paul Lawrence
Status: Director

The notes form part of these financial statements

ASHLEY CONSTRUCTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

    When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the normal amount received is recognised as interest income.

    Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
    Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

    Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their economic lives on the following bases:

    Fixtures and fittings - 25% on cost
    Motor vehicles - 25% on reducing balance

    The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

    Intangible fixed assets amortisation policy

    Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

ASHLEY CONSTRUCTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 1 1

ASHLEY CONSTRUCTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 3. Off balance sheet disclosure

    No

ASHLEY CONSTRUCTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 4. Intangible assets

    Total
    Cost £
    At 01 April 2023 10,000
    Additions -
    Disposals -
    Revaluations -
    Transfers -
    At 31 March 2024 10,000
    Amortisation
    Amortisation at 01 April 2023 10,000
    Charge for year -
    On disposals -
    Other adjustments -
    Amortisation at 31 March 2024 10,000
    Net book value
    Net book value at 31 March 2024 0
    Net book value at 31 March 2023 0

ASHLEY CONSTRUCTION LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Tangible Assets

Total
Cost £
At 01 April 2023 45,883
Additions 23,749
Disposals -
Revaluations -
Transfers -
At 31 March 2024 69,632
Depreciation
At 01 April 2023 30,098
Charge for year 12,278
On disposals -
Other adjustments -
At 31 March 2024 42,376
Net book value
At 31 March 2024 27,256
At 31 March 2023 15,785