Acorah Software Products - Accounts Production 16.0.110 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 08023308 Mr Michael Ashurst Mrs Helen Ashurst Michael Ashurst false iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08023308 2023-04-30 08023308 2024-04-30 08023308 2023-05-01 2024-04-30 08023308 frs-core:CurrentFinancialInstruments 2024-04-30 08023308 frs-core:Non-currentFinancialInstruments 2024-04-30 08023308 frs-core:ComputerEquipment 2024-04-30 08023308 frs-core:ComputerEquipment 2023-05-01 2024-04-30 08023308 frs-core:ComputerEquipment 2023-04-30 08023308 frs-core:MotorVehicles 2024-04-30 08023308 frs-core:MotorVehicles 2023-05-01 2024-04-30 08023308 frs-core:MotorVehicles 2023-04-30 08023308 frs-core:PlantMachinery 2024-04-30 08023308 frs-core:PlantMachinery 2023-05-01 2024-04-30 08023308 frs-core:PlantMachinery 2023-04-30 08023308 frs-core:ShareCapital 2024-04-30 08023308 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 08023308 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08023308 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 08023308 frs-bus:SmallEntities 2023-05-01 2024-04-30 08023308 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08023308 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 08023308 1 2023-05-01 2024-04-30 08023308 frs-bus:Director1 2023-05-01 2024-04-30 08023308 frs-bus:Director1 2023-04-30 08023308 frs-bus:Director1 2024-04-30 08023308 frs-bus:Director2 2023-05-01 2024-04-30 08023308 frs-bus:Director2 2023-04-30 08023308 frs-bus:Director2 2024-04-30 08023308 1 2023-05-01 2024-04-30 08023308 frs-countries:EnglandWales 2023-05-01 2024-04-30 08023308 2022-04-30 08023308 2023-04-30 08023308 2022-05-01 2023-04-30 08023308 frs-core:CurrentFinancialInstruments 2023-04-30 08023308 frs-core:Non-currentFinancialInstruments 2023-04-30 08023308 frs-core:ShareCapital 2023-04-30 08023308 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30 08023308 1 2022-05-01 2023-04-30
Registered number: 08023308
Ashurst Joinery & Construction Ltd
Financial Statements
For The Year Ended 30 April 2024
Hodgson Finance Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08023308
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,940 14,796
7,940 14,796
CURRENT ASSETS
Debtors 5 11,027 7,067
Cash at bank and in hand 19,078 15,294
30,105 22,361
Creditors: Amounts Falling Due Within One Year 6 (32,208 ) (35,810 )
NET CURRENT ASSETS (LIABILITIES) (2,103 ) (13,449 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,837 1,347
Creditors: Amounts Falling Due After More Than One Year 7 (4,750 ) (7,750 )
NET ASSETS/(LIABILITIES) 1,087 (6,403 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 987 (6,503 )
SHAREHOLDERS' FUNDS 1,087 (6,403)
Page 1
Page 2
For the year ending 30 April 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Michael Ashurst
Director
31/07/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ashurst Joinery & Construction Ltd Registered number 08023308 is a limited by shares company incorporated in England & Wales. The Registered Office is 15 Hartford Close, Sheffield, S8 8SL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight Line
Motor Vehicles 25% Straight Line
Computer Equipment 33% Straight Line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.5. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
Page 3
Page 4
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account. The notes which are not included have been hidden but original note numbering has remained the same for those that are present.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
Joinery 2 2
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 2,434 25,317 2,370 30,121
Additions - - 1,166 1,166
As at 30 April 2024 2,434 25,317 3,536 31,287
Depreciation
As at 1 May 2023 717 13,186 1,422 15,325
Provided during the period 676 6,329 1,017 8,022
As at 30 April 2024 1,393 19,515 2,439 23,347
Net Book Value
As at 30 April 2024 1,041 5,802 1,097 7,940
As at 1 May 2023 1,717 12,131 948 14,796
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,805 1,280
Other taxes and social security 3,531 -
Net wages - 25
Directors' loan accounts 5,691 5,762
11,027 7,067
Page 4
Page 5
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,471 1,248
Bank loans and overdrafts 3,000 3,000
Corporation tax 10,166 8,207
Other taxes and social security - 3,509
VAT 7,774 8,091
Accruals and deferred income 9,797 11,755
32,208 35,810
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 4,750 7,750
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 May 2023 Amounts advanced Amounts repaid Amounts written off As at 30 April 2024
£ £ £ £ £
Mr Michael Ashurst 4,560 22,139 22,400 - 4,299
Mrs Helen Ashurst 1,202 5,789 5,600 - 1,391
The above loan is unsecured, interest free and repayable on demand.
Dividends paid to directors
2024 2023
£ £
Mr Michael Ashurst 22,400 41,800
Mrs Helen Ashurst 5,600 10,450
10. Dividends
2024 2023
£ £
On equity shares:
Final dividend paid 28,000 52,250
11. Controlling Party
The company's controlling party is Michael Ashurst by virtue of his ownership of 80% of the issued share capital in the company.
Page 5