ASHANTI CONTRACTS GROUP LIMITED

Company Registration Number:
15212115 (England and Wales)

Unaudited statutory accounts for the year ended 31 October 2024

Period of accounts

Start date: 16 October 2023

End date: 31 October 2024

ASHANTI CONTRACTS GROUP LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

ASHANTI CONTRACTS GROUP LIMITED

Company Information

for the Period Ended 31 October 2024




Director: PAPA YAW ASARE-BEDIAKO
Registered office: 34
Enville Street
Ashton-Under-Lyne
Please Select Region, State Or Province
GBR
OL6 6EN
Company Registration Number: 15212115 (England and Wales)

ASHANTI CONTRACTS GROUP LIMITED

Directors' Report Period Ended 31 October 2024

The directors present their report with the financial statements of the company for the period ended 31 October 2024

Principal Activities

The Principal activities of the company is the provision of specialist drylining services to contractors and subcontractors in the commercial industry, new built homes and apartments. We provide services on business to business level.

Directors

The director(s) shown below were appointed to the company during the period
PAPA YAW ASARE-BEDIAKO
16 October 2023

This report was approved by the board of directors on 30 May 2025
And Signed On Behalf Of The Board By:

Name: PAPA YAW ASARE-BEDIAKO
Status: Director

ASHANTI CONTRACTS GROUP LIMITED

Profit and Loss Account

for the Period Ended 31 October 2024


Notes
13 months to
31 Oct 2024
£
Turnover 193,796
Cost of sales ( 155,930 )
Gross Profit or (Loss) 37,866
Distribution Costs ( 10,831 )
Administrative Expenses ( 23,467 )
Operating Profit or (Loss) 3,568
Profit or (Loss) Before Tax 3,568
Tax on Profit ( 678 )
Profit or (Loss) for Period 2,890

The notes form part of these financial statements

ASHANTI CONTRACTS GROUP LIMITED

Balance sheet

As at 31 October 2024


Notes
13 months to
31 Oct 2024
£
Fixed assets
Total fixed assets: -
Current assets
Debtors: 4 7,573
Cash at bank and in hand: 29,643
Total current assets: 37,216
Creditors: amounts falling due within one year: 5 ( 34,325 )
Net current assets (liabilities): 2,891
Total assets less current liabilities: 2,891
Total net assets (liabilities): 2,891

The notes form part of these financial statements

ASHANTI CONTRACTS GROUP LIMITED

Balance sheet continued

As at 31 October 2024


Notes
13 months to
31 Oct 2024
£
Capital and reserves
Called up share capital: 1
Profit and loss account: 2,890
Shareholders funds: 2,891

For the year ending 31 October 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 30 May 2025
And Signed On Behalf Of The Board By:

Name: PAPA YAW ASARE-BEDIAKO
Status: Director

The notes form part of these financial statements

ASHANTI CONTRACTS GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover recognised is based on our service provision to contractors in the construction industry. Turnover can be recognised in line with the actual invoice of which payment is received in the period

    Tangible fixed assets depreciation policy

    Tangible fixed Assets are depreciated over their 2 years useful life in the financial year due to the level of wear and tear expected in this industry.

    However, we do not hold assets in this financial year.

    Intangible fixed assets amortisation policy

    Intangible Assets are amortised over the asset’s economic life.

    Valuation information and policy

    Valuation Information and Policy
    Stocks and work in progress are valued at the lower of cost and net realisable value taking into account directly related expenses. We make allowances for obsolete and time critical items.
    The cost calculation includes all direct expenditure and overheads' of the stock.

    Other accounting policies

    Pension or retirement benefits will be paid based on the department for work and Pension (DWP) earning thresholds. Employees’ and directors will be automatic enrolled based on the Pension Regulator recommendation.

ASHANTI CONTRACTS GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 2. Employees

    13 months to
    31 Oct 2024
    Average number of employees during the period 1

ASHANTI CONTRACTS GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

  • 3. Off balance sheet disclosure

    No

ASHANTI CONTRACTS GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

4. Debtors

13 months to
31 Oct 2024
£
Trade debtors 0
Other debtors 7,573
Total 7,573

ASHANTI CONTRACTS GROUP LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2024

5.Creditors: amounts falling due within one year note

13 months to
31 Oct 2024
£
Accruals and deferred income 33,647
Other creditors 678
Total 34,325