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REGISTERED NUMBER: 08192749 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Ashleysbuilding Limited

Ashleysbuilding Limited (Registered number: 08192749)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ashleysbuilding Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: T Ashley





REGISTERED OFFICE: 124 Saunton Road
Hornchurch
RM12 4HB





REGISTERED NUMBER: 08192749 (England and Wales)





ACCOUNTANTS: ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB

Ashleysbuilding Limited (Registered number: 08192749)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,375 13,834

CURRENT ASSETS
Stocks 23,500 23,500
Debtors 5 899 -
Cash at bank and in hand 10,950 2,300
35,349 25,800
CREDITORS
Amounts falling due within one year 6 42,482 41,269
NET CURRENT LIABILITIES (7,133 ) (15,469 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,242

(1,635

)

CREDITORS
Amounts falling due after more than one
year

7

16,326

16,979
NET LIABILITIES (13,084 ) (18,614 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (13,085 ) (18,615 )
SHAREHOLDERS' FUNDS (13,084 ) (18,614 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Ashleysbuilding Limited (Registered number: 08192749)

Balance Sheet - continued
31 August 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 17 February 2025 and were signed by:





T Ashley - Director


Ashleysbuilding Limited (Registered number: 08192749)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Ashleysbuilding Limited 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
Although the company has net liabilities at the year end, the director has indicated that the company will generate sufficient working capital over the coming twelve months to fund the repayment of the bounce back loan and other liabilities as they fall due.There is every expectation therefore that the company will continue to trade for the foreseeable future.The accounts therefore continue to be prepared on a going concern basis.

Turnover
Turnover represents amounts invoiced and received in respect of building services.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.Due to the immaterial amount involved no provision has been made in the accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Ashleysbuilding Limited (Registered number: 08192749)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023
and 31 August 2024 710 40,896 416 42,022
DEPRECIATION
At 1 September 2023 680 27,093 415 28,188
Charge for year 8 3,451 - 3,459
At 31 August 2024 688 30,544 415 31,647
NET BOOK VALUE
At 31 August 2024 22 10,352 1 10,375
At 31 August 2023 30 13,803 1 13,834

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
VAT 899 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 14,552 15,935
Trade creditors - 18,750
Tax 2,401 879
Directors' current accounts 4,529 5
Deposits 20,000 4,700
Accrued expenses 1,000 1,000
42,482 41,269

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.8.23
£    £   
Bank loans - 2-5 years 16,326 16,979

8. ULTIMATE CONTROLLING PARTY

The controlling party is T Ashley.

At the year end the company owed the director £4529, (2023, £5).