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REGISTERED NUMBER: 05668381 (England and Wales)










Financial Statements

for the Year Ended 31 December 2024

for

ASP Builders and Developers Limited

ASP Builders and Developers Limited (Registered number: 05668381)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ASP Builders and Developers Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mrs J A E Todd





SECRETARY: A K Todd





REGISTERED OFFICE: Fairway
Station Road
East Lindsey Tetney
Grimsby
DN36 5HY





REGISTERED NUMBER: 05668381 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Suite 32/33 Normany Gateway,
Lysaghts Way,
Scunthorpe
North Lincolnshire
DN15 9YG

ASP Builders and Developers Limited (Registered number: 05668381)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 3 17,354 29,181

CURRENT ASSETS
Stocks 4 13,416 581,431
Debtors 5 104,257 78,278
Cash at bank 453,469 26,072
571,142 685,781
CREDITORS
Amounts falling due within one year 6 (406,141 ) (610,531 )
NET CURRENT ASSETS 165,001 75,250
TOTAL ASSETS LESS CURRENT
LIABILITIES

182,355

104,431

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 182,255 104,331
SHAREHOLDERS' FUNDS 182,355 104,431

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

ASP Builders and Developers Limited (Registered number: 05668381)

Statement of Financial Position - continued
31 December 2024


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 director and authorised for issue on 20 June 2025 and were signed by:





Mrs J A E Todd - Director


ASP Builders and Developers Limited (Registered number: 05668381)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. 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.

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 - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

STOCKS
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

TAXATION
Taxation for the year 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 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

ASP Builders and Developers Limited (Registered number: 05668381)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024 109,106 6,250 60,038 175,394
Additions - 825 - 825
At 31 December 2024 109,106 7,075 60,038 176,219
DEPRECIATION
At 1 January 2024 98,780 6,250 41,183 146,213
Charge for year 4,400 172 8,080 12,652
At 31 December 2024 103,180 6,422 49,263 158,865
NET BOOK VALUE
At 31 December 2024 5,926 653 10,775 17,354
At 31 December 2023 10,326 - 18,855 29,181

4. STOCKS
2024 2023
£    £   
Work-in-progress 13,416 581,431

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 101,314 65,649
CIS debtors 750 750
VAT - 10,233
Prepayments 2,193 1,646
104,257 78,278

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans - 44,000
Trade creditors 264,700 453,034
Corporation tax 41,477 (12 )
PAYE/NI liability 1,005 706
VAT 61 -
Directors' current accounts 97,122 111,176
Accrued expenses 1,776 1,627
406,141 610,531

ASP Builders and Developers Limited (Registered number: 05668381)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

8. RESERVES
Retained
earnings
£   

At 1 January 2024 104,331
Profit for the year 117,924
Dividends (40,000 )
At 31 December 2024 182,255

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Dividends of £40,000 were paid to the director during the period ended 31/12/2024 (2023 - £40,000). The Company owed the director £97,122 as at 31/12/2024 (2023 - £111,176).

10. RELATED PARTY DISCLOSURES

During the trading year, the company has taken services from A K Todd Builders Ltd, a company in which Alan Keith Todd is a common shareholder, for NIL (2023: £271,610).

The company has also given loan to A K Todd Builders Ltd during the year in the sum of £101,314 (2023: £65,649).

Net owed to A K Todd Builders Ltd as at 31/12/2024 was £163,386 (2023:£386,051).