Company Registration No. 03027530 (England and Wales)
Ash Plant Limited
Unaudited accounts
for the year ended 31 March 2024
Ash Plant Limited
Unaudited accounts
Contents
Ash Plant Limited
Company Information
for the year ended 31 March 2024
Director
Mr Ashley Hodgkins
Company Number
03027530 (England and Wales)
Registered Office
UNIT H SMARDEN INDUSTRIAL ESTATE
MONKS HILL SMARDEN ROAD
SMARDEN ASHFORD
KENT
TN27 8QL
Accountants
Rustrick Accountants Limited
380A New Hythe lane
Larkfield
Maidstone
Kent
ME20 6RZ
Ash Plant Limited
Statement of financial position
as at 31 March 2024
Tangible assets
237,163
263,864
Cash at bank and in hand
3,902
972
Creditors: amounts falling due within one year
(267,968)
(275,092)
Net current liabilities
(264,066)
(274,120)
Total assets less current liabilities
(26,903)
(10,256)
Provisions for liabilities
Deferred tax
(45,061)
(42,191)
Net liabilities
(71,964)
(52,447)
Called up share capital
2
2
Revaluation reserve
228,930
228,930
Profit and loss account
(300,896)
(281,379)
Shareholders' funds
(71,964)
(52,447)
For the year ending 31 March 2024 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 November 2024 and were signed on its behalf by
Mr Ashley Hodgkins
Director
Company Registration No. 03027530
Ash Plant Limited
Notes to the Accounts
for the year ended 31 March 2024
Ash Plant Limited is a private company, limited by shares, registered in England and Wales, registration number 03027530. The registered office is UNIT H SMARDEN INDUSTRIAL ESTATE, MONKS HILL SMARDEN ROAD, SMARDEN ASHFORD, KENT, TN27 8QL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
25% reducing balance
Plant & machinery
10% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Ash Plant Limited
Notes to the Accounts
for the year ended 31 March 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
25,260
1,655,164
89,524
15,454
1,785,402
At 31 March 2024
25,260
1,655,164
89,524
15,454
1,785,402
At 1 April 2023
24,587
1,393,400
88,219
15,332
1,521,538
Charge for the year
168
26,176
326
31
26,701
At 31 March 2024
24,755
1,419,576
88,545
15,363
1,548,239
At 31 March 2024
505
235,588
979
91
237,163
At 31 March 2023
673
261,764
1,305
122
263,864
5
Creditors: amounts falling due within one year
2024
2023
Trade creditors
61,087
43,598
Taxes and social security
583
-
Other creditors
203,094
230,394
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
7
Transactions with related parties
At the year end Ash Plant Limited owed Ash Scaffolding Ltd £43598 (2022 £28,868).
Ash Plant Limited
Notes to the Accounts
for the year ended 31 March 2024
The ultimate controlling party is Ashley Hodgkins due to his shareholding.
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).