C J Askew Ltd 07636535 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is to provide building contractor services. Digita Accounts Production Advanced 6.30.9574.0 true 07636535 2023-09-01 2024-08-31 07636535 2024-08-31 07636535 core:RetainedEarningsAccumulatedLosses 2024-08-31 07636535 core:ShareCapital 2024-08-31 07636535 core:CurrentFinancialInstruments 2024-08-31 07636535 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 07636535 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 07636535 core:Goodwill 2024-08-31 07636535 core:FurnitureFittingsToolsEquipment 2024-08-31 07636535 core:MotorVehicles 2024-08-31 07636535 bus:SmallEntities 2023-09-01 2024-08-31 07636535 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 07636535 bus:FilletedAccounts 2023-09-01 2024-08-31 07636535 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 07636535 bus:RegisteredOffice 2023-09-01 2024-08-31 07636535 bus:CompanySecretaryDirector1 2023-09-01 2024-08-31 07636535 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 07636535 bus:Agent1 2023-09-01 2024-08-31 07636535 core:Goodwill 2023-09-01 2024-08-31 07636535 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 07636535 core:MotorVehicles 2023-09-01 2024-08-31 07636535 countries:EnglandWales 2023-09-01 2024-08-31 07636535 2023-08-31 07636535 core:Goodwill 2023-08-31 07636535 core:FurnitureFittingsToolsEquipment 2023-08-31 07636535 core:MotorVehicles 2023-08-31 07636535 2022-09-01 2023-08-31 07636535 2023-08-31 07636535 core:RetainedEarningsAccumulatedLosses 2023-08-31 07636535 core:ShareCapital 2023-08-31 07636535 core:CurrentFinancialInstruments 2023-08-31 07636535 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 07636535 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 07636535 core:FurnitureFittingsToolsEquipment 2023-08-31 07636535 core:MotorVehicles 2023-08-31 iso4217:GBP xbrli:pure

Registration number: 07636535

C J Askew Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

C J Askew Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

C J Askew Ltd

Company Information

Director

D Askew

Company secretary

D Askew

Registered office

9 Kendal Parks Road
Kendal
Cumbria
LA9 7NQ

Accountants

Stables Thompson & Briscoe Limited
Chartered Accountants & Business AdvisersLowther House
Lowther Street
Kendal
LA9 4DX

 

C J Askew Ltd

(Registration number: 07636535)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

1,037

31,776

Current assets

 

Debtors

6

18,952

18,474

Cash at bank and in hand

 

28,630

48,572

 

47,582

67,046

Creditors: Amounts falling due within one year

7

(26,243)

(23,810)

Net current assets

 

21,339

43,236

Total assets less current liabilities

 

22,376

75,012

Creditors: Amounts falling due after more than one year

7

-

(17,003)

Provisions for liabilities

(197)

(6,037)

Net assets

 

22,179

51,972

Capital and reserves

 

Called up share capital

100

100

Retained earnings

22,079

51,872

Shareholders' funds

 

22,179

51,972

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 October 2024
 

.........................................
D Askew
Company secretary and director

 

C J Askew Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
9 Kendal Parks Road
Kendal
Cumbria
LA9 7NQ

These financial statements were authorised for issue by the director on 15 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

C J Askew Ltd

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

C J Askew Ltd

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 2).

 

C J Askew Ltd

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

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 September 2023

10,000

10,000

At 31 August 2024

10,000

10,000

Amortisation

At 1 September 2023

10,000

10,000

At 31 August 2024

10,000

10,000

Carrying amount

At 31 August 2024

-

-

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 September 2023

8,233

48,050

56,283

Disposals

-

(33,000)

(33,000)

At 31 August 2024

8,233

15,050

23,283

Depreciation

At 1 September 2023

6,707

17,800

24,507

Charge for the year

489

-

489

Eliminated on disposal

-

(2,750)

(2,750)

At 31 August 2024

7,196

15,050

22,246

Carrying amount

At 31 August 2024

1,037

-

1,037

At 31 August 2023

1,526

30,250

31,776

6

Debtors

 

C J Askew Ltd

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

Current

2024
£

2023
£

Trade debtors

-

2,455

Prepayments

-

455

Other debtors

18,952

15,564

 

18,952

18,474

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

6,000

7,197

Trade creditors

 

-

368

Taxation and social security

 

17,416

11,490

Accruals and deferred income

 

2,826

1,623

Other creditors

 

1

3,132

 

26,243

23,810

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

-

17,003