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REGISTERED NUMBER: 06485478 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

28 FEBRUARY 2025

FOR

ASHCOMBE BUILDING & CONSTRUCTION LTD

ASHCOMBE BUILDING & CONSTRUCTION LTD (REGISTERED NUMBER: 06485478)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025










Page

Balance Sheet 1

Notes to the Financial Statements 3


ASHCOMBE BUILDING & CONSTRUCTION LTD (REGISTERED NUMBER: 06485478)

BALANCE SHEET
28 FEBRUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 6,318 10,694

CURRENT ASSETS
Stocks 6 2,500 4,500
Debtors 7 16,665 4,830
Cash at bank 10,433 11,236
29,598 20,566
CREDITORS
Amounts falling due within one year 8 33,021 22,362
NET CURRENT LIABILITIES (3,423 ) (1,796 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,895

8,898

CREDITORS
Amounts falling due after more than
one year

9

(1,167

)

(6,102

)

PROVISIONS FOR LIABILITIES 10 (1,580 ) (2,674 )
NET ASSETS 148 122

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 48 22
SHAREHOLDERS' FUNDS 148 122

ASHCOMBE BUILDING & CONSTRUCTION LTD (REGISTERED NUMBER: 06485478)

BALANCE SHEET - continued
28 FEBRUARY 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 June 2025 and were signed on its behalf by:




Mr T Seymour - Director



Mrs B Gerding - Director


ASHCOMBE BUILDING & CONSTRUCTION LTD (REGISTERED NUMBER: 06485478)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025


1. STATUTORY INFORMATION

Ashcombe Building & Construction Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06485478

Registered office: 72 Evelyn Avenue
Newhaven
East Sussex
BN9 9SG

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 - 15% on cost
Motor vehicles - 25% on cost
Equipment - 25% on cost

All fixed assets are initially recorded at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

ASHCOMBE BUILDING & CONSTRUCTION LTD (REGISTERED NUMBER: 06485478)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


3. ACCOUNTING POLICIES - continued

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.


ASHCOMBE BUILDING & CONSTRUCTION LTD (REGISTERED NUMBER: 06485478)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Equipment Totals
£    £    £    £   
COST
At 29 February 2024
and 28 February 2025 7,961 13,597 3,664 25,222
DEPRECIATION
At 29 February 2024 4,441 6,799 3,288 14,528
Charge for year 789 3,399 188 4,376
At 28 February 2025 5,230 10,198 3,476 18,904
NET BOOK VALUE
At 28 February 2025 2,731 3,399 188 6,318
At 28 February 2024 3,520 6,798 376 10,694

ASHCOMBE BUILDING & CONSTRUCTION LTD (REGISTERED NUMBER: 06485478)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


6. STOCKS
2025 2024
£    £   
Stocks 2,500 4,500

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Amounts receivable on contracts 9,365 4,000
Directors' current accounts 6,656 410
Prepayments and accrued income 644 420
16,665 4,830

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 14,918 3,210
Trade creditors 2,474 440
Corporation tax 3,037 4,421
PAYE and social security 1,014 1,290
VAT 10,733 12,444
Other creditors 386 367
Accruals and deferred income 459 190
33,021 22,362

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2025 2024
£    £   
Bank loans - 1-2 years 1,167 -
Bank loans - 2-5 years - 6,102
1,167 6,102

10. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 1,580 2,674

ASHCOMBE BUILDING & CONSTRUCTION LTD (REGISTERED NUMBER: 06485478)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 29 February 2024 2,674
Credit to Profit and Loss account during year (1,094 )
Balance at 28 February 2025 1,580

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1 100 100

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2025 and 28 February 2024:

2025 2024
£    £   
Mr T Seymour and Mrs B Gerding
Balance outstanding at start of year 410 1,038
Amounts advanced 6,245 -
Amounts repaid - (628 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,655 410