Company Registration No. 11206220 (England and Wales)
ASB WOODBURNERS LIMITED
Unaudited accounts
for the year ended 29 February 2024
ASB WOODBURNERS LIMITED
Unaudited accounts
Contents
ASB WOODBURNERS LIMITED
Company Information
for the year ended 29 February 2024
Director
Andrew Simon Brook
Secretary
Victoria Emma Buckley
Company Number
11206220 (England and Wales)
Registered Office
58 MILCOTE CLOSE
REDDITCH
WORCESTERSHIRE
B98 7RW
UNITED KINGDOM
Accountants
AC Counts & Services Ltd
Office 42
Imex Business Centre, Oxleasow Road
Redditch
Worcestershire
B98 0RE
ASB WOODBURNERS LIMITED
Statement of financial position
as at 29 February 2024
Intangible assets
4,198
5,248
Tangible assets
15,565
20,807
Cash at bank and in hand
75,387
70,988
Creditors: amounts falling due within one year
(27,340)
(40,009)
Net current assets
50,090
36,750
Total assets less current liabilities
69,853
62,805
Creditors: amounts falling due after more than one year
(5,923)
(10,514)
Called up share capital
200
200
Profit and loss account
63,730
52,091
Shareholders' funds
63,930
52,291
For the year ending 29 February 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 November 2024 and were signed on its behalf by
Andrew Simon Brook
Director
Company Registration No. 11206220
ASB WOODBURNERS LIMITED
Notes to the Accounts
for the year ended 29 February 2024
ASB WOODBURNERS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11206220. The registered office is 58 MILCOTE CLOSE, REDDITCH, WORCESTERSHIRE, B98 7RW, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance Method
Motor vehicles
25% Reducing Balance Method
Fixtures & fittings
20% StraightLine Method
Computer equipment
25% Straight Line Method
The financial statements have been prepared on a going concern basis. This assumes the continued support of the director. The director has indicated that his support will continue for the foreseeable future.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
ASB WOODBURNERS LIMITED
Notes to the Accounts
for the year ended 29 February 2024
4
Intangible fixed assets
Goodwill
At 29 February 2024
10,498
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2023
6,386
28,660
1,922
666
37,634
At 29 February 2024
6,599
28,660
1,922
666
37,847
At 1 March 2023
3,531
12,506
481
309
16,827
Charge for the year
768
4,039
481
167
5,455
At 29 February 2024
4,299
16,545
962
476
22,282
At 29 February 2024
2,300
12,115
960
190
15,565
At 28 February 2023
2,855
16,154
1,441
357
20,807
Amounts falling due after more than one year
Accrued income and prepayments
42
42
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
17,479
9,293
Proposed dividends
5,000
21,000
Loans from directors
(13)
258
ASB WOODBURNERS LIMITED
Notes to the Accounts
for the year ended 29 February 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
5,923
10,514
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).