Company Registration No. 10649762 (England and Wales)
Ashcrest Joinery Ltd
Unaudited accounts
for the year ended 31 March 2025
Ashcrest Joinery Ltd
Unaudited accounts
Contents
Ashcrest Joinery Ltd
Company Information
for the year ended 31 March 2025
Company Number
10649762 (England and Wales)
Registered Office
Unit 1
Lynchford Lane
Farnborough
Hampshire
GU14 6JD
England
Accountants
D&K Accounting Ltd
Beehive Offices
Bawtry Hall
Bawtry
DN10 6JH
Ashcrest Joinery Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
35,902
16,164
Cash at bank and in hand
40,930
33,360
Creditors: amounts falling due within one year
(118,051)
(158,978)
Net current liabilities
(32,333)
(64,815)
Total assets less current liabilities
3,569
(48,651)
Creditors: amounts falling due after more than one year
(32,036)
(18,903)
Net liabilities
(28,467)
(67,554)
Called up share capital
100
100
Profit and loss account
(28,567)
(67,654)
Shareholders' funds
(28,467)
(67,554)
For the year ending 31 March 2025 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 July 2025 and were signed on its behalf by
Robert Coe
Director
Company Registration No. 10649762
Ashcrest Joinery Ltd
Notes to the Accounts
for the year ended 31 March 2025
Ashcrest Joinery Ltd is a private company, limited by shares, registered in England and Wales, registration number 10649762. The registered office is Unit 1, Lynchford Lane, Farnborough, Hampshire, GU14 6JD, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance Method
Motor vehicles
20% Reducing Balance Method
Computer equipment
33% Straight Line Method
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Ashcrest Joinery Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
8,159
37,914
15,129
4,792
65,994
Additions
-
25,870
-
-
25,870
At 31 March 2025
8,159
63,784
15,129
4,792
91,864
At 1 April 2024
8,159
28,698
8,932
4,041
49,830
Charge for the year
-
4,460
1,239
433
6,132
At 31 March 2025
8,159
33,158
10,171
4,474
55,962
At 31 March 2025
-
30,626
4,958
318
35,902
At 31 March 2024
-
9,216
6,197
751
16,164
Amounts falling due within one year
Accrued income and prepayments
1,825
28,258
Other debtors
36,408
28,343
Ashcrest Joinery Ltd
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
10,000
10,000
Obligations under finance leases and hire purchase contracts
6,553
3,147
Trade creditors
28,865
19,470
Taxes and social security
30,671
33,035
Other creditors
10,353
8,926
Deferred income
20,961
71,221
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
18,024
-
9
Average number of employees
During the year the average number of employees was 7 (2024: 7).