IRIS Accounts Production v25.1.4.42 04872193 Board of Directors Board of Directors 1.10.23 30.9.24 30.9.24 Medium entities building contractors. true false true true false false true true true true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 Ordinary E 1.00000 Ordinary D 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh048721932023-09-30048721932024-09-30048721932023-10-012024-09-30048721932022-09-30048721932022-10-012023-09-30048721932023-09-3004872193ns15:EnglandWales2023-10-012024-09-3004872193ns14:PoundSterling2023-10-012024-09-3004872193ns10:Director12023-10-012024-09-3004872193ns10:Director22023-10-012024-09-3004872193ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3004872193ns10:MediumEntities2023-10-012024-09-3004872193ns10:Audited2023-10-012024-09-3004872193ns10:Medium-sizedCompaniesRegimeForDirectorsReport2023-10-012024-09-3004872193ns10:Medium-sizedCompaniesRegimeForAccounts2023-10-012024-09-3004872193ns10:FullAccounts2023-10-012024-09-3004872193ns10:OrdinaryShareClass12023-10-012024-09-3004872193ns10:OrdinaryShareClass22023-10-012024-09-3004872193ns10:OrdinaryShareClass32023-10-012024-09-3004872193ns10:OrdinaryShareClass42023-10-012024-09-3004872193ns10:OrdinaryShareClass52023-10-012024-09-3004872193ns10:Director32023-10-012024-09-3004872193ns10:CompanySecretary12023-10-012024-09-3004872193ns10:RegisteredOffice2023-10-012024-09-3004872193ns5:CurrentFinancialInstruments2024-09-3004872193ns5:CurrentFinancialInstruments2023-09-3004872193ns5:ShareCapital2024-09-3004872193ns5:ShareCapital2023-09-3004872193ns5:SharePremium2024-09-3004872193ns5:SharePremium2023-09-3004872193ns5:CapitalRedemptionReserve2024-09-3004872193ns5:CapitalRedemptionReserve2023-09-3004872193ns5:RetainedEarningsAccumulatedLosses2024-09-3004872193ns5:RetainedEarningsAccumulatedLosses2023-09-3004872193ns5:ShareCapital2022-09-3004872193ns5:RetainedEarningsAccumulatedLosses2022-09-3004872193ns5:SharePremium2022-09-3004872193ns5:CapitalRedemptionReserve2022-09-3004872193ns5:RetainedEarningsAccumulatedLosses2022-10-012023-09-3004872193ns5:CapitalRedemptionReserve2022-10-012023-09-3004872193ns5:RetainedEarningsAccumulatedLosses2023-10-012024-09-3004872193ns5:CapitalRedemptionReserve2023-10-012024-09-3004872193ns5:PlantMachinery2023-10-012024-09-3004872193ns5:MotorVehicles2023-10-012024-09-3004872193ns5:ComputerEquipment2023-10-012024-09-3004872193ns5:OwnedAssets2023-10-012024-09-3004872193ns5:OwnedAssets2022-10-012023-09-3004872193112023-10-012024-09-3004872193112022-10-012023-09-3004872193ns10:OrdinaryShareClass12022-10-012023-09-3004872193ns5:PlantMachinery2023-09-3004872193ns5:FurnitureFittings2023-09-3004872193ns5:MotorVehicles2023-09-3004872193ns5:ComputerEquipment2023-09-3004872193ns5:FurnitureFittings2023-10-012024-09-3004872193ns5:PlantMachinery2024-09-3004872193ns5:FurnitureFittings2024-09-3004872193ns5:MotorVehicles2024-09-3004872193ns5:ComputerEquipment2024-09-3004872193ns5:PlantMachinery2023-09-3004872193ns5:FurnitureFittings2023-09-3004872193ns5:MotorVehicles2023-09-3004872193ns5:ComputerEquipment2023-09-3004872193ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3004872193ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3004872193ns5:DeferredTaxation2023-09-3004872193ns5:DeferredTaxation2023-10-012024-09-3004872193ns5:DeferredTaxation2024-09-3004872193ns10:OrdinaryShareClass12024-09-3004872193ns10:OrdinaryShareClass22024-09-3004872193ns10:OrdinaryShareClass32024-09-3004872193ns10:OrdinaryShareClass42024-09-3004872193ns10:OrdinaryShareClass52024-09-3004872193ns5:RetainedEarningsAccumulatedLosses2023-09-3004872193ns5:SharePremium2023-09-3004872193ns5:CapitalRedemptionReserve2023-09-30
REGISTERED NUMBER: 04872193 (England and Wales)















ASHVALE CIVIL ENGINEERING
LIMITED

STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






ASHVALE CIVIL ENGINEERING
LIMITED (REGISTERED NUMBER: 04872193)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Strategic Report 2

Report of the Directors 4

Report of the Independent Auditors 6

Statement of Comprehensive Income 10

Balance Sheet 11

Statement of Changes in Equity 12

Notes to the Financial Statements 13


ASHVALE CIVIL ENGINEERING
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: S Cleary
S Cunningham
M Cunningham (Jnr)



SECRETARY: S Cleary



REGISTERED OFFICE: Firbank Trading Estate
Dallow Road
Luton
Bedfordshire
LU1 1TD



REGISTERED NUMBER: 04872193 (England and Wales)



SENIOR STATUTORY AUDITOR: Donald Brown FCA



AUDITORS: Higginson & Co (UK) Ltd
Statutory Auditors
3 Kensworth Gate
200 - 204 High Street South
Dunstable
Bedfordshire
LU6 3HS

ASHVALE CIVIL ENGINEERING
LIMITED (REGISTERED NUMBER: 04872193)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024


The directors present their strategic report for the year ended 30 September 2024.

REVIEW OF BUSINESS
The companies principal activity in the year continued to be building contractors.

The key financial and other performance indicators in the year were as follows:

2024 2023

Turnover 48,116 45385
Total Operating Profit 4,902 2,323
Profit after tax 3,642 1781
Shareholders funds 8,809 5,484


All results are denoted in thousands.

The directors are pleased with the results for the year. They believe that the business remains in a strong position.

The financial statements have been prepared on a going concern basis.


ASHVALE CIVIL ENGINEERING
LIMITED (REGISTERED NUMBER: 04872193)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

PRINCIPAL RISKS AND UNCERTAINTIES
Price/market risk
The directors are aware of the risk from changes in prices and aim to adjust prices of such products to maintain margin in the face of such changes. The directors actively monitor competitor activity to ensure that the company is well positioned in the market place. However while the housing market remains buoyant, the impact of Brexit causing a slow down is a potential risk.

Fair value interest rate risk
Trade debtors and creditors do not attract interest and are therefore not subject to fair value interest rate risk.

Credit risk
The company monitors the risk on credit allowed to customers, credit control procedures are reviewed and revised as necessary to ensure any credit risk is kept to a minimum.

Liquidity risk
The company considers its exposure to liquidity risk to be comparatively low and has a conservative approach to expenditure and investments but reviews this on an ongoing basis.

Covid 19/Future pandemic mitigation
The company has instigated practices in line with government recommendations to mitigate the impact of a pandemic and the potential restrictions applied to businesses and the general public. The company has ensured that they operate in a safe environment and has taken measure to monitor the compliance and outcomes. The industry was in general been able to continue to operate subject to some restrictions.

ON BEHALF OF THE BOARD:




S Cunningham - Director


26 June 2025

ASHVALE CIVIL ENGINEERING
LIMITED (REGISTERED NUMBER: 04872193)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


The directors present their report with the financial statements of the company for the year ended 30 September 2024.

DIVIDENDS
The total distribution of dividends for the year ended 30 September 2024 will be £ 319,000 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 October 2023 to the date of this report.

S Cleary
S Cunningham
M Cunningham (Jnr)

POLITICAL DONATIONS AND EXPENDITURE
The company made the following donations in the year, all donations were for charitable purposes:

Via Just giving £370
Vistry £1500
Other £50

DIRECTORS' RESPONSIBILITIES STATEMENT
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ASHVALE CIVIL ENGINEERING
LIMITED (REGISTERED NUMBER: 04872193)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:





S Cunningham - Director


26 June 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ASHVALE CIVIL ENGINEERING
LIMITED


Opinion
We have audited the financial statements of Ashvale Civil Engineering Limited (the 'company') for the year ended 30 September 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 September 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ASHVALE CIVIL ENGINEERING
LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Directors' Responsibilities Statement set out on page four, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ASHVALE CIVIL ENGINEERING
LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Identifying and assessing potential risks related to irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

Audit response to risks identified
-the nature of the industry and sector, control environment and business performance including the design of the remuneration policy;
-results of our enquiries of management about their own identification and assessment of the risks of irregularities;
-any matters we identified having obtained and reviewed the Company documentation of their policies and procedures relating to:
- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance;
- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;
- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;
- the matters discussed among the audit engagement team, including tax regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud and identified the greatest potential for fraud in relation to revenue deferrals. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risk of management override.
We also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK
Companies Act, UK Corporate Governance Code and local tax legislation.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the Company's ability to operate or to avoid a material penalty. These included compliance with Financial Conduct Authority regulation for the UK operating segment and compliance with local legislation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
ASHVALE CIVIL ENGINEERING
LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Donald Brown FCA (Senior Statutory Auditor)
for and on behalf of Higginson & Co (UK) Ltd
Statutory Auditors
3 Kensworth Gate
200 - 204 High Street South
Dunstable
Bedfordshire
LU6 3HS

26 June 2025

ASHVALE CIVIL ENGINEERING
LIMITED (REGISTERED NUMBER: 04872193)

STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £   

TURNOVER 48,115,818 44,385,499

Cost of sales 40,943,752 38,707,718
GROSS PROFIT 7,172,066 5,677,781

Administrative expenses 2,271,062 3,358,612
4,901,004 2,319,169

Other operating income 770 3,773
OPERATING PROFIT 4 4,901,774 2,322,942

Interest receivable and similar income 56,019 34,151
PROFIT BEFORE TAXATION 4,957,793 2,357,093

Tax on profit 5 1,315,635 576,240
PROFIT FOR THE FINANCIAL YEAR 3,642,158 1,780,853

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

3,642,158

1,780,853

ASHVALE CIVIL ENGINEERING
LIMITED (REGISTERED NUMBER: 04872193)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 7 208,419 255,915

CURRENT ASSETS
Stocks 8 6,246,523 5,918,106
Debtors 9 5,405,043 4,046,135
Cash at bank 2,695,958 1,863,696
14,347,524 11,827,937
CREDITORS
Amounts falling due within one year 10 5,708,212 6,536,717
NET CURRENT ASSETS 8,639,312 5,291,220
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,847,731

5,547,135

PROVISIONS FOR LIABILITIES 11 40,908 63,470
NET ASSETS 8,806,823 5,483,665

CAPITAL AND RESERVES
Called up share capital 12 228 228
Share premium 13 98,432 98,432
Capital redemption reserve 13 50 50
Retained earnings 13 8,708,113 5,384,955
SHAREHOLDERS' FUNDS 8,806,823 5,483,665

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:




S Cleary - Director



S Cunningham - Director


ASHVALE CIVIL ENGINEERING
LIMITED (REGISTERED NUMBER: 04872193)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Called up Capital
share Retained Share redemption Total
capital earnings premium reserve equity
£    £    £    £    £   
Balance at 1 October 2022 228 6,298,102 98,432 50 6,396,812

Changes in equity
Dividends - (2,694,000 ) - - (2,694,000 )
Total comprehensive income - 1,780,853 - - 1,780,853
Balance at 30 September 2023 228 5,384,955 98,432 50 5,483,665

Changes in equity
Dividends - (319,000 ) - - (319,000 )
Total comprehensive income - 3,642,158 - - 3,642,158
Balance at 30 September 2024 228 8,708,113 98,432 50 8,806,823

ASHVALE CIVIL ENGINEERING
LIMITED (REGISTERED NUMBER: 04872193)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Ashvale Civil Engineering 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows;
the requirement of paragraph 3.17(d);
the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and
11.48(c);
the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirements of paragraphs 26.18(b), 26.19 to 26.21 and 26.23.

Significant judgements and estimates
The preparation of the financial statements requires management to make significant judgements and estimates. The items in the financial statements where these judgements and estimates have been made include the useful economic life of fixed assets and intangibles and the warranty provision.


Going concern

After reviewing the company's forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern in preparing its financial statements.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax together with income where it has obtained a right to consideration in exchange for its performance.

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
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

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


ASHVALE CIVIL ENGINEERING
LIMITED (REGISTERED NUMBER: 04872193)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

Current and 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
30.9.24 30.9.23
£    £   
Wages and salaries 1,677,794 2,693,474
Social security costs 181,137 319,743
Other pension costs 217,348 209,429
2,076,279 3,222,646

The average number of employees during the year was as follows:
30.9.24 30.9.23

Directors 3 3
Administrative 16 13
Other staff 31 30
50 46

30.9.24 30.9.23
£    £   
Directors' remuneration 66,791 1,162,549
Directors' pension contributions to money purchase schemes 170,000 177,500

ASHVALE CIVIL ENGINEERING
LIMITED (REGISTERED NUMBER: 04872193)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


3. EMPLOYEES AND DIRECTORS - continued

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 3 3

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

30.9.24 30.9.23
£    £   
Depreciation - owned assets 114,614 101,537
Profit on disposal of fixed assets - (24,716 )
Auditors' remuneration 29,000 22,500
Stock recognised in cost of sales during the year as an expense 14,948,971 15,828,456

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
30.9.24 30.9.23
£    £   
Current tax:
UK corporation tax 1,286,752 480,394
Interest on corporation tax 51,445 39,027
Total current tax 1,338,197 519,421

Deferred tax (22,562 ) 56,819
Tax on profit 1,315,635 576,240

ASHVALE CIVIL ENGINEERING
LIMITED (REGISTERED NUMBER: 04872193)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

30.9.24 30.9.23
£    £   
Profit before tax 4,957,793 2,357,093
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 22%)

1,239,448

518,560

Effects of:
Expenses not deductible for tax purposes 21,060 14,414
Capital allowances in excess of depreciation - (52,580 )
Depreciation in excess of capital allowances 26,244 -
Movement on deferred tax (22,562 ) 56,819
Interest on corporation tax 51,445 39,027
Total tax charge 1,315,635 576,240

6. DIVIDENDS
30.9.24 30.9.23
£    £   
Ordinary A shares of £1 each
Interim 319,000 2,694,000

7. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 184,561 71,918 662,489 19,326 938,294
Additions 14,730 - 52,388 - 67,118
At 30 September 2024 199,291 71,918 714,877 19,326 1,005,412
DEPRECIATION
At 1 October 2023 149,961 57,209 455,883 19,326 682,379
Charge for year 18,675 6,531 89,408 - 114,614
At 30 September 2024 168,636 63,740 545,291 19,326 796,993
NET BOOK VALUE
At 30 September 2024 30,655 8,178 169,586 - 208,419
At 30 September 2023 34,600 14,709 206,606 - 255,915

ASHVALE CIVIL ENGINEERING
LIMITED (REGISTERED NUMBER: 04872193)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


8. STOCKS
30.9.24 30.9.23
£    £   
Valuation 6,180,939 5,852,522
Raw materials 65,584 65,584
6,246,523 5,918,106

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 259,634 67,033
Other debtors 4,812 3,812
VAT 1,234,930 595,534
Prepayments and accrued income 3,905,667 3,379,756
5,405,043 4,046,135

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 3,343,604 4,150,302
Amounts owed to associates 579,400 280,219
Corporation tax 1,247,893 480,394
Social security and other taxes 41,511 696,659
Other creditors 12,930 8,457
Directors' current accounts 7,800 589,260
Accrued expenses 475,074 331,426
5,708,212 6,536,717

11. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 40,908 63,470

Deferred
tax
£   
Balance at 1 October 2023 63,470
Provided during year (22,562 )
Balance at 30 September 2024 40,908

ASHVALE CIVIL ENGINEERING
LIMITED (REGISTERED NUMBER: 04872193)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
14 Ordinary C £1 14 14
50 Ordinary E £1 50 50
50 Ordinary D £1 50 50
14 Ordinary F £1 14 14
228 228

13. RESERVES
Capital
Retained Share redemption
earnings premium reserve Totals
£    £    £    £   

At 1 October 2023 5,384,955 98,432 50 5,483,437
Profit for the year 3,642,158 3,642,158
Dividends (319,000 ) (319,000 )
At 30 September 2024 8,708,113 98,432 50 8,806,595

14. ULTIMATE PARENT COMPANY

Ashvale Civil Engineering (Holdings) Limited is regarded by the directors as being the company's ultimate parent company.

ASHVALE CIVIL ENGINEERING
LIMITED (REGISTERED NUMBER: 04872193)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


15. RELATED PARTY DISCLOSURES

The company was under the control of the directors. Mr S Cleary, Mr S Cunningham and Mr M Cunningham are also directors of the ultimate holding company Ashvale Civil Engineering (Holdings) Ltd.

No dividends we paid to the directors in the year (2023 £Nil).

A dividend of £73,434 (2023 £2,649,000) was paid to Ashvale Civil Engineering (Holdings) Ltd a company in which the directors are the shareholders.

The company also traded on a arms length basis with Ashvale Plant Hire Ltd, a company registered in England & Wales. On the 24th July 2017 the whole of the share capital of this company was acquired by Civil Engineering (Holdings) ltd. During the year sales and management charges to Ashvale Plant Hire Ltd amounted to £Nil (2023 £Nil ) and hire of equipment and purchases from Ashvale Plant Hire Ltd amounted to £3,402,041 (2023 £3,368,572)

As at 30 September 2024 amounts owed to Ashvale Plant Hire Ltd were £363,202 (2023 £333,125)

As at 30 September 2024 amounts due from Ashvale Holdings Ltd were £27,906.(2023 £27,906)

At September 2024 amounts due from Three Sea Homes were £Nil. (2023 £25,000)

All transactions had the approval of the board.

16. ULTIMATE CONTROLLING PARTY

On 17 December 2014, Ashvale Civil Engineering (Holding) Limited was formed. Through a reorganisation of the share structure, the whole share capital of Ashvale Civil Engineering Limited was acquired by the new company on the 18 February 2015.

The directors appointed in Ashvale Engineering (Holding) Limited from formation are Mr S Cleary, Mr M Cunningham and Mr S Cunningham.