Ashford Cladding Systems Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02298352 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2024

FOR

ASHFORD CLADDING SYSTEMS LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

C J Walmsley

D Orr

REGISTERED OFFICE:

National House

325 National Avenue

Hull

East Yorkshire

HU5 4JB

REGISTERED NUMBER:

02298352 (England and Wales)

ACCOUNTANTS:

Cheetham Allen

Chartered Accountants

17 Wright Street

Hull

East Yorkshire

HU2 8HU

FIXED ASSETS

Tangible assets

4

265,650

265,227

Investments

5

70

-

265,720

265,227

CURRENT ASSETS

Stocks

17,395

22,083

Debtors

6

912,904

1,199,706

Cash at bank

804,267

1,181,545

1,734,566

2,403,334

CREDITORS

Amounts falling due within one year

7

1,078,847

1,256,819

NET CURRENT ASSETS

655,719

1,146,515

TOTAL ASSETS LESS CURRENT
LIABILITIES

921,439

1,411,742

PROVISIONS FOR LIABILITIES

8

35,603

35,260

NET ASSETS

885,836

1,376,482

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

885,736

1,376,382

SHAREHOLDERS' FUNDS

885,836

1,376,482

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20th June 2025 and were signed on its behalf by:

C J Walmsley - Director

1.	STATUTORY INFORMATION

Ashford Cladding Systems Limited 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.

PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS

The financial statements contain information about Ashford Cladding Systems Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

TURNOVER

Turnover represents the total amount, excluding value added tax, receivable by the company for work done and services provided, adjusted for contract work in progress.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

5% on cost

Plant and machinery

-

15% on reducing balance

Office equipment

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

INVESTMENTS IN SUBSIDIARIES

Investments in subsidiary undertakings are recognised 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.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

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 28 (2023 - 31 ) .

4.	TANGIBLE FIXED ASSETS

Short

Plant and

Office

Motor

leasehold

machinery

equipment

vehicles

Totals

£

COST

At 1st November 2023

260,627

77,533

38,760

300,127

677,047

Additions

-

86,005

Disposals

-

(14,000

)

-

(21,838

)

(35,838

)

At 31st October 2024

260,627

63,533

38,760

364,294

727,214

DEPRECIATION

At 1st November 2023

195,314

47,220

28,669

140,617

411,820

Charge for year

15,057

4,483

1,513

60,915

81,968

Eliminated on disposal

-

(13,544

)

-

(18,680

)

(32,224

)

At 31st October 2024

210,371

38,159

30,182

182,852

461,564

NET BOOK VALUE

At 31st October 2024

50,256

25,374

8,578

181,442

265,650

At 31st October 2023

65,313

30,313

10,091

159,510

265,227

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

70

At 31st October 2024

70

NET BOOK VALUE

At 31st October 2024

70

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

145,707

140,060

Amounts owed by group undertakings

40,677

-

Amounts recoverable on contracts

508,328

815,984

Other debtors

218,192

243,662

912,904

1,199,706

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

679,679

630,079

Amounts owed to group undertakings

93,161

1,525

Taxation and social security

240,101

559,840

Other creditors

65,906

65,375

1,078,847

1,256,819

8.	PROVISIONS FOR LIABILITIES

2024

2023

£

Deferred tax:

Accelerated capital allowances

35,603

35,260

Deferred

tax:

£

Balance at 1st November 2023

35,260

Accelerated capital allowances

343

Balance at 31st October 2024

35,603

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

100

Ordinary

£1

100

10.	PARENT UNDERTAKING

The company's parent undertaking is Ashford Cladding Systems (Holdings) Limited whose registered office is the same as the company's.