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REGISTERED NUMBER: 06124073 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 AUGUST 2024

FOR

ASHLEY GROUNDWORKS LTD

ASHLEY GROUNDWORKS LTD (REGISTERED NUMBER: 06124073)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASHLEY GROUNDWORKS LTD

COMPANY INFORMATION
for the Year Ended 30 August 2024







DIRECTOR: K N Ashley





REGISTERED OFFICE: Rivers Keep 140 Itchen Stoke
Alresford
United Kingdom
Hampshire
SO24 0QZ





REGISTERED NUMBER: 06124073 (England and Wales)





ACCOUNTANTS: Fox & Co (Accountants) Ltd
The Clock House
Western Court
Bishop's Sutton.
Alresford
Hampshire
SO24 0AA

ASHLEY GROUNDWORKS LTD (REGISTERED NUMBER: 06124073)

BALANCE SHEET
30 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,492 140,115

CURRENT ASSETS
Debtors 5 324,686 375,985
Cash at bank 66,367 95,461
391,053 471,446
CREDITORS
Amounts falling due within one year 6 179,529 228,790
NET CURRENT ASSETS 211,524 242,656
TOTAL ASSETS LESS CURRENT
LIABILITIES

274,016

382,771

CREDITORS
Amounts falling due after more than one
year

7

(23,003

)

(66,330

)

PROVISIONS FOR LIABILITIES (15,623 ) (26,622 )
NET ASSETS 235,390 289,819

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 235,389 289,818
235,390 289,819

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

ASHLEY GROUNDWORKS LTD (REGISTERED NUMBER: 06124073)

BALANCE SHEET - continued
30 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 March 2025 and were signed by:





K N Ashley - Director


ASHLEY GROUNDWORKS LTD (REGISTERED NUMBER: 06124073)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 August 2024

1. STATUTORY INFORMATION

Ashley Groundworks 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.

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 etc - 20% on reducing balance

Fixed assets are stated at their cost prices, less accumulated depreciation and amounts recognised in respect of impairment.

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.

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

3. EMPLOYEES AND DIRECTORS

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

ASHLEY GROUNDWORKS LTD (REGISTERED NUMBER: 06124073)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 August 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 August 2023 311,283
Additions 6,500
Disposals (89,348 )
At 30 August 2024 228,435
DEPRECIATION
At 31 August 2023 171,168
Charge for year 14,134
Eliminated on disposal (19,359 )
At 30 August 2024 165,943
NET BOOK VALUE
At 30 August 2024 62,492
At 30 August 2023 140,115

The cost of plant and machinery, commercial vehicles, and vehicles, including finance leased assets, is £54,300 (2023: £95,350). The accumulated depreciation on these assets amounts to £29,974 (2023: £74,203), resulting in a net book value of £24,326 (2023: £21,147). The depreciation charge for the year on these assets was £6,082 (2023: £27,145).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,829 75,594
Other debtors 308,857 300,391
324,686 375,985

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 6,860 32,618
Trade creditors 90,898 104,614
Taxation and social security 79,971 66,558
Other creditors 1,800 25,000
179,529 228,790

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 23,003 66,330

ASHLEY GROUNDWORKS LTD (REGISTERED NUMBER: 06124073)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 August 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 August 2024 and 30 August 2023:

2024 2023
£    £   
K N Ashley
Balance outstanding at start of year 185,010 213,514
Amounts advanced - 95,880
Amounts repaid (37,967 ) (124,384 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 147,043 185,010