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REGISTERED NUMBER: 04479664 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

ASHFORDS GROUNDS MAINTENANCE LTD

ASHFORDS GROUNDS MAINTENANCE LTD (REGISTERED NUMBER: 04479664)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASHFORDS GROUNDS MAINTENANCE LTD

COMPANY INFORMATION
for the year ended 30 September 2024







DIRECTOR: Mr N J K Ashford





SECRETARY: Mr N J K Ashford





REGISTERED OFFICE: Unit 16
Javelin Road
Norwich
Norfolk
NR6 6HP





REGISTERED NUMBER: 04479664 (England and Wales)





ACCOUNTANTS: Sexty & Co
Chartered Certified Accountants
124 Thorpe Road
Norwich
Norfolk
NR1 1RS

ASHFORDS GROUNDS MAINTENANCE LTD (REGISTERED NUMBER: 04479664)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 185,062 219,600
185,062 219,600

CURRENT ASSETS
Debtors 6 50,817 66,240
Cash at bank 203 9,567
51,020 75,807
CREDITORS
Amounts falling due within one year 7 170,454 174,188
NET CURRENT LIABILITIES (119,434 ) (98,381 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

65,628

121,219

CREDITORS
Amounts falling due after more than one
year

8

(17,688

)

(38,495

)

PROVISIONS FOR LIABILITIES (30,500 ) (31,400 )
NET ASSETS 17,440 51,324

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 17,438 51,322
SHAREHOLDERS' FUNDS 17,440 51,324

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ASHFORDS GROUNDS MAINTENANCE LTD (REGISTERED NUMBER: 04479664)

BALANCE SHEET - continued
30 September 2024


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 director and authorised for issue on 2 January 2025 and were signed by:





Mr N J K Ashford - Director


ASHFORDS GROUNDS MAINTENANCE LTD (REGISTERED NUMBER: 04479664)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Ashfords Grounds Maintenance 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 5% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 25% on cost

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.

ASHFORDS GROUNDS MAINTENANCE LTD (REGISTERED NUMBER: 04479664)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 60,000
AMORTISATION
At 1 October 2023
and 30 September 2024 60,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

ASHFORDS GROUNDS MAINTENANCE LTD (REGISTERED NUMBER: 04479664)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 October 2023 26,483 473,941 4,387
Additions - 281 -
Disposals - (765 ) -
At 30 September 2024 26,483 473,457 4,387
DEPRECIATION
At 1 October 2023 5,958 308,702 3,200
Charge for year 1,324 28,472 179
Eliminated on disposal - (765 ) -
At 30 September 2024 7,282 336,409 3,379
NET BOOK VALUE
At 30 September 2024 19,201 137,048 1,008
At 30 September 2023 20,525 165,239 1,187

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023 60,925 6,542 572,278
Additions - 308 589
Disposals - - (765 )
At 30 September 2024 60,925 6,850 572,102
DEPRECIATION
At 1 October 2023 28,778 6,040 352,678
Charge for year 4,822 330 35,127
Eliminated on disposal - - (765 )
At 30 September 2024 33,600 6,370 387,040
NET BOOK VALUE
At 30 September 2024 27,325 480 185,062
At 30 September 2023 32,147 502 219,600

ASHFORDS GROUNDS MAINTENANCE LTD (REGISTERED NUMBER: 04479664)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 221,931 39,395 261,326
DEPRECIATION
At 1 October 2023 173,349 17,882 191,231
Charge for year 6,450 3,227 9,677
At 30 September 2024 179,799 21,109 200,908
NET BOOK VALUE
At 30 September 2024 42,132 18,286 60,418
At 30 September 2023 48,582 21,513 70,095

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 50,817 55,014
Other debtors - 11,226
50,817 66,240

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 28,282 27,880
Hire purchase contracts 10,737 11,384
Trade creditors 16,028 15,299
Taxation and social security 28,231 15,450
Other creditors 87,176 104,175
170,454 174,188

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 11,091 21,828
Other creditors 6,597 16,667
17,688 38,495

ASHFORDS GROUNDS MAINTENANCE LTD (REGISTERED NUMBER: 04479664)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 28,282 27,880
Hire purchase contracts 21,828 33,212
50,110 61,092

The bank overdraft is secured by a debenture over the assets of the company. The hire purchase agreements are secured by the assets financed.