Registered number
11200594
Ashley Clements Joinery Limited
Unaudited Filleted Accounts
29 February 2024
Ashley Clements Joinery Limited
Registered number: 11200594
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 11,613 14,517
Current assets
Debtors 4 18,115 17,385
Cash at bank and in hand 2,083 19,104
20,198 36,489
Creditors: amounts falling due within one year 5 (8,898) (14,769)
Net current assets 11,300 21,720
Total assets less current liabilities 22,913 36,237
Creditors: amounts falling due after more than one year 6 (2,470) (9,783)
Net assets 20,443 26,454
Capital and reserves
Called up share capital 10 10
Profit and loss account 20,433 26,444
Shareholder's funds 20,443 26,454
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr A Clements
Director
Approved by the board on 20 November 2024
Ashley Clements Joinery Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2023 1,562 33,000 34,562
At 29 February 2024 1,562 33,000 34,562
Depreciation
At 1 March 2023 562 19,483 20,045
Charge for the year 200 2,704 2,904
At 29 February 2024 762 22,187 22,949
Net book value
At 29 February 2024 800 10,813 11,613
At 28 February 2023 1,000 13,517 14,517
4 Debtors 2024 2023
£ £
Trade debtors 10,787 10,057
Other debtors 7,328 7,328
18,115 17,385
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts (2,272) -
Obligations under finance lease and hire purchase contracts (200) 5,450
Taxation and social security costs 6,035 8,162
Other creditors 5,335 1,157
8,898 14,769
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 2,470 9,783
7 Other information
Ashley Clements Joinery Limited is a private company limited by shares and incorporated in England. Its registered office is:
56 Fernie Road
Guisborough
TS14 7LY
Ashley Clements Joinery Limited 11200594 false 2023-03-01 2024-02-29 2024-02-29 VT Final Accounts July 2024 Mr A Clements No description of principal activity 11200594 2022-03-01 2023-02-28 11200594 core:WithinOneYear 2023-02-28 11200594 core:AfterOneYear 2023-02-28 11200594 core:ShareCapital 2023-02-28 11200594 core:RetainedEarningsAccumulatedLosses 2023-02-28 11200594 2023-03-01 2024-02-29 11200594 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11200594 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 11200594 bus:Director40 2023-03-01 2024-02-29 11200594 1 2023-03-01 2024-02-29 11200594 2 2023-03-01 2024-02-29 11200594 core:PlantMachinery 2023-03-01 2024-02-29 11200594 core:Vehicles 2023-03-01 2024-02-29 11200594 countries:England 2023-03-01 2024-02-29 11200594 bus:FRS102 2023-03-01 2024-02-29 11200594 bus:FilletedAccounts 2023-03-01 2024-02-29 11200594 2024-02-29 11200594 core:WithinOneYear 2024-02-29 11200594 core:AfterOneYear 2024-02-29 11200594 core:ShareCapital 2024-02-29 11200594 core:RetainedEarningsAccumulatedLosses 2024-02-29 11200594 core:PlantMachinery 2024-02-29 11200594 core:Vehicles 2024-02-29 11200594 2023-02-28 11200594 core:PlantMachinery 2023-02-28 11200594 core:Vehicles 2023-02-28 iso4217:GBP xbrli:pure