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Registered number: 04574024

Ashwell Building Contractors Ltd

ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

Prepared By:
Stroud Accountancy and Taxation Services Ltd
Chartered Certified Accountants
Edgehill
The Broadway
Oakridge Lynch, Stroud
Gloucestershire
GL6 7NY

Ashwell Building Contractors Ltd

ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
DIRECTORS
Julie Corbally
Dermot Corbally
REGISTERED OFFICE
Applecross
Old Neighbourhood
Chalford
Stroud
GL6 8AA
COMPANY DETAILS
Private company limited by shares registered in , registered number 04574024
ACCOUNTANTS
Stroud Accountancy and Taxation Services Ltd
Chartered Certified Accountants
Edgehill
The Broadway
Oakridge Lynch, Stroud
Gloucestershire
GL6 7NY

Ashwell Building Contractors Ltd

ACCOUNTS
FOR THEYEARENDED30 NOVEMBER 2024
CONTENTS
Page
Directors' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Accountants' Report-

Ashwell Building Contractors Ltd

BALANCE SHEET AT 30 November 2024
20242023
Notes££
FIXED ASSETS
Intangible assets310,00010,000
Tangible assets42,6753,248
12,67513,248
CURRENT ASSETS
Stock300300
Debtors63601,485
Cash at bank and in hand8,29112,314
8,95114,099
CREDITORS: Amounts falling due within one year717,80818,577
NET CURRENT LIABILITIES(8,857)(4,478)
TOTAL ASSETS LESS CURRENT LIABILITIES3,8188,770
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account3,7188,670
SHAREHOLDERS' FUNDS3,8188,770
For the year ending 30 November 2024 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 12 February 2025 and signed on their behalf by
.............................
Dermot Corbally
Director

Ashwell Building Contractors Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 15- 25%
Commercial Vehiclesreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 20 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
2. EMPLOYEES
20242023
No.No.
Average number of employees22
3. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 1 December 202310,00010,000
At 30 November 202410,00010,000
Depreciation
At 30 November 2024--
Net Book Amounts
At 30 November 202410,00010,000
At 30 November 202310,00010,000

Ashwell Building Contractors Ltd

4. TANGIBLE FIXED ASSETS
Plant and
Machinery Etc.Total
££
Cost
At 1 December 202325,46425,464
At 30 November 202425,46425,464
Depreciation
At 1 December 202322,21622,216
For the year573573
At 30 November 202422,78922,789
Net Book Amounts
At 30 November 20242,6752,675
At 30 November 20233,2483,248
5. STOCK 20242023
££
Stock comprises:
Stock300300
300300
6. DEBTORS 20242023
££
Amounts falling due within one year:
Trade debtors3601,485
3601,485
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Trade creditors-234
Taxation and social security2,5695,326
Other creditors15,23913,017
17,80818,577
8. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100

Ashwell Building Contractors Ltd

9. CONTROLLING PARTY
The company is controllect by the directors D Corbally & J Corbally, by virtue of their shareholdings in the ordinary voting share capital.