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REGISTERED NUMBER: 11198871 (England and Wales)










Ashworth Groom Building Contractors Ltd

Unaudited Financial Statements

for the Year Ended 29 February 2024






Ashworth Groom Building Contractors Ltd (Registered number: 11198871)






Contents of the Financial Statements
for the year ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Ashworth Groom Building Contractors Ltd

Company Information
for the year ended 29 February 2024







DIRECTORS: Mr C M Groom
Mr S D Ashworth





REGISTERED OFFICE: 5 Mount Pleasant Terrace
Penrhynside
Llandudno
Conwy
LL30 3BT





REGISTERED NUMBER: 11198871 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

Ashworth Groom Building Contractors Ltd (Registered number: 11198871)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,849 17,471

CURRENT ASSETS
Stocks 9,562 26,000
Debtors 5 14,500 2,816
Cash at bank 436 20,442
24,498 49,258
CREDITORS
Amounts falling due within one year 6 35,081 61,437
NET CURRENT LIABILITIES (10,583 ) (12,179 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,266

5,292

CREDITORS
Amounts falling due after more than one
year

7

(6,087

)

-

PROVISIONS FOR LIABILITIES (1,191 ) (1,191 )
NET ASSETS 6,988 4,101

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,888 4,001
6,988 4,101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

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 19 November 2024 and were signed on its behalf by:





Mr C M Groom - Director


Ashworth Groom Building Contractors Ltd (Registered number: 11198871)

Notes to the Financial Statements
for the year ended 29 February 2024

1. STATUTORY INFORMATION

Ashworth Groom Building Contractors 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 etc - 20% on cost and 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Ashworth Groom Building Contractors Ltd (Registered number: 11198871)

Notes to the Financial Statements - continued
for the year ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 25,566
Additions 16,475
Disposals (8,000 )
At 29 February 2024 34,041
DEPRECIATION
At 1 March 2023 8,095
Charge for year 3,880
Eliminated on disposal (2,783 )
At 29 February 2024 9,192
NET BOOK VALUE
At 29 February 2024 24,849
At 28 February 2023 17,471

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 8,350 1,006
Other debtors 6,150 1,810
14,500 2,816

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,024 -
Hire purchase contracts 1,446 -
Trade creditors 15,989 28,501
Taxation and social security 10,616 16,285
Other creditors 5,006 16,651
35,081 61,437

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 3,272 -
Hire purchase contracts 2,815 -
6,087 -

8. ULTIMATE CONTROLLING PARTY

Ultimate control lies with the director who together own equal parts of the issued share capital.