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REGISTERED NUMBER: 15132550 (England and Wales)






















FINANCIAL STATEMENTS

FOR THE PERIOD

12TH SEPTEMBER 2023 TO 30TH JUNE 2024

FOR

ASH CAPITAL PROJECTS LTD

ASH CAPITAL PROJECTS LTD (REGISTERED NUMBER: 15132550)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 12TH SEPTEMBER 2023 TO 30TH JUNE 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ASH CAPITAL PROJECTS LTD

COMPANY INFORMATION
FOR THE PERIOD 12TH SEPTEMBER 2023 TO 30TH JUNE 2024







DIRECTORS: Mr P D Seex
Mr D Cooper





REGISTERED OFFICE: 83 Cambridge Street
Pimlico
London
SW1V 4PS





REGISTERED NUMBER: 15132550 (England and Wales)





AUDITORS: George Hay & Company
Chartered Accountants
& Statutory Auditors
83 Cambridge Street
London
SW1V 4PS

ASH CAPITAL PROJECTS LTD (REGISTERED NUMBER: 15132550)

STATEMENT OF FINANCIAL POSITION
30TH JUNE 2024

Notes £   
CURRENT ASSETS
Debtors 4 544,220
Cash at bank 188,030
732,250
CREDITORS
Amounts falling due within one year 5 491,026
NET CURRENT ASSETS 241,224
TOTAL ASSETS LESS CURRENT
LIABILITIES

241,224

CAPITAL AND RESERVES
Called up share capital 6 300
Retained earnings 240,924
SHAREHOLDERS' FUNDS 241,224

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 Board of Directors and authorised for issue on 28th April 2025 and were signed on its behalf by:





Mr P D Seex - Director


ASH CAPITAL PROJECTS LTD (REGISTERED NUMBER: 15132550)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 12TH SEPTEMBER 2023 TO 30TH JUNE 2024

1. STATUTORY INFORMATION

Ash Capital Projects 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.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

- the requirements of Section 7 Statement of Cash Flows;
- the requirement of paragraph 3.17(d);
- the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and
11.48(c);
- the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;
- the requirement of paragraph 33.7.

The information is included in the consolidated financial statements of Ash Connect Limited and these financial statements may be obtained from 4 The Courtyard, Birling Road, Ryarsh, West Malling, ME19 5AA.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires the use of estimates and assumptions that affect the reported amounts of assets, liabilities, income, and expenses. It also requires management to exercise judgement in applying the company’s accounting policies. These judgements, estimates, and assumptions are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.

As per notes 5 & 6, the directors have considered the work in progress on all jobs as at the period end, and decided to recognised a value appropriate to the amount recoverable on contracts and costs paid to subcontractors which amounted to £143,483 & £149,534 respectively.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from construction contracts
Revenue and costs are recognised over time with reference to the stage of completion of the contract activity at the statement of financial position date where the outcome of a contract can be estimated reliably. This is normally measured by surveys of work performed to date. Variations in contract work and claims are included to the extent that it is highly probable that they will result in revenue and they are capable of being reliably measured.

Where the outcome of a contract cannot be estimated reliably, contract revenue where recoverability is probable is recognised to the extent of contract costs incurred. The costs associated with fulfilling a contract are recognised as expenses in the period in which they are incurred. When it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised as an expense immediately.

ASH CAPITAL PROJECTS LTD (REGISTERED NUMBER: 15132550)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 12TH SEPTEMBER 2023 TO 30TH JUNE 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company enters into basic financial transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and investments in non-puttable ordinary shares.

Cash is represented by cash at bank and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Basic financial instruments that are receivable or payable within one year are initially measured at the undiscounted amount of the consideration expected. If receivable or payable after more than one year, basic financial instruments are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method. If the arrangement constitutes a financing transaction, the financial instrument is measured initially at the present value of the future cash flows, discounted at a market rate of interest. They are subsequently carried at amortised cost, using the effective interest rate method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Financial liabilities and equity instruments are classified according to the substance of the financial instrument's contractual obligations, rather than the financial instrument's legal form.

An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received.

Taxation
Taxation for the period 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 period 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.

ASH CAPITAL PROJECTS LTD (REGISTERED NUMBER: 15132550)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 12TH SEPTEMBER 2023 TO 30TH JUNE 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 period was 3 .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 323,274
Amounts owed by group undertakings 153
Accrued income and amounts
recoverable on contracts 143,483
Prepayments 13,929
Sales retention control 63,381
544,220

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 12,325
Amounts owed to group undertakings 38,175
Corporation tax payable 93,143
Social security and other taxes 16,595
VAT 100,415
Other creditors 16,349
Subcontractor invoices 149,534
Directors' current accounts 699
Accruals and deferred income 63,791
491,026

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
153 Ordinary A 1 153
147 Ordinary B 1 147
300

The following shares were allotted and fully paid for cash at par during the period:

153 Ordinary A shares of 1 each
147 Ordinary B shares of 1 each

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Marino Achilleos FCCA (Senior Statutory Auditor)
for and on behalf of George Hay & Company

ASH CAPITAL PROJECTS LTD (REGISTERED NUMBER: 15132550)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 12TH SEPTEMBER 2023 TO 30TH JUNE 2024

8. RELATED PARTY DISCLOSURES

During the period, total dividends of £30,000 were paid to the directors .

9. ULTIMATE CONTROLLING PARTY AND PARENT UNDERTAKING

The Ash Connect Employee Ownership Trust is the ultimate controlling party by virtue of its ownership of Ash
Connect Limited.

The immediate parent undertaking is Ash Connect Limited.

The smallest and largest group for which consolidated accounts are prepared which include the results of this company is that headed by Ash Connect Limited and these financial statements may be obtained from 4 The Courtyard, Birling Road, Ryarsh, West Malling, ME19 5AA.