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REGISTERED NUMBER: 07791092 (England and Wales)















Financial Statements for the Year Ended 30 September 2024

for

Ascot Build & Design Ltd

Ascot Build & Design Ltd (Registered number: 07791092)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Ascot Build & Design Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTOR: S Bevis





REGISTERED OFFICE: 4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY





REGISTERED NUMBER: 07791092 (England and Wales)





ACCOUNTANTS: Geoffrey Cole & Co
4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY

Ascot Build & Design Ltd (Registered number: 07791092)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 28,725 18,414

CURRENT ASSETS
Debtors 5 193,138 257,662
Cash at bank 151,891 97,053
345,029 354,715
CREDITORS
Amounts falling due within one year 6 78,907 71,712
NET CURRENT ASSETS 266,122 283,003
TOTAL ASSETS LESS CURRENT
LIABILITIES

294,847

301,417

PROVISIONS FOR LIABILITIES 7 7,110 4,252
NET ASSETS 287,737 297,165

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 287,637 297,065
SHAREHOLDERS' FUNDS 287,737 297,165

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.

Ascot Build & Design Ltd (Registered number: 07791092)

Statement of Financial Position - 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 23 April 2025 and were signed by:





S Bevis - Director


Ascot Build & Design Ltd (Registered number: 07791092)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Ascot Build & Design 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.

The financial statements have been prepared on a going concern basis, which assumes the company will continue in operational existence, and will be able to meet its liabilities as they fall due, for a period of at least twelve months from the date of approval of the financial statements.

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 - 33% on cost and 20% on cost
Fixtures and fittings - 33% on cost and 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost and 20% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Ascot Build & Design Ltd (Registered number: 07791092)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 13,436 5,113 33,990 2,384 54,923
Additions - 2,085 25,555 801 28,441
Disposals (188 ) - (33,990 ) (300 ) (34,478 )
At 30 September 2024 13,248 7,198 25,555 2,885 48,886
DEPRECIATION
At 1 October 2023 12,597 3,113 18,415 2,384 36,509
Charge for year 613 172 1,606 88 2,479
Eliminated on disposal (112 ) - (18,415 ) (300 ) (18,827 )
At 30 September 2024 13,098 3,285 1,606 2,172 20,161
NET BOOK VALUE
At 30 September 2024 150 3,913 23,949 713 28,725
At 30 September 2023 839 2,000 15,575 - 18,414

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 76,305 107,064
Amounts recoverable on contract 5,289 39,373
Other debtors 111,544 111,225
193,138 257,662

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 10,020 4,158
Taxation and social security 53,204 33,699
Other creditors 15,683 33,855
78,907 71,712

Ascot Build & Design Ltd (Registered number: 07791092)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 7,110 4,252

Deferred
tax
£   
Balance at 1 October 2023 4,252
Provided during year 2,858
Balance at 30 September 2024 7,110

8. RELATED PARTY DISCLOSURES

As at 30 September 2024 an amount of £107,500 (2023: £107,500) is owed to the company from Ascot Progressive Ltd, a company in which the director S Bevis has a 100% interest in. The loan is provided as interest free and due on demand.