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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
Page
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Ashcrest Joinery Ltd Company Information for the year ended 31 March 2025
Director
Robert Coe
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
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Ashcrest Joinery Ltd Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
35,902 
16,164 
Current assets
Debtors
44,788 
60,803 
Cash at bank and in hand
40,930 
33,360 
85,718 
94,163 
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)
Capital and reserves
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
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Ashcrest Joinery Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Land & buildings
5 Years
Plant & machinery
25% Reducing Balance Method
Motor vehicles
20% Reducing Balance Method
Computer equipment
33% Straight Line Method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover
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.
Leased assets
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.
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Ashcrest Joinery Ltd Notes to the Accounts for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2024
10,000 
At 31 March 2025
10,000 
Amortisation
At 1 April 2024
10,000 
At 31 March 2025
10,000 
Net book value
At 31 March 2025
- 
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 
Depreciation
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 
Net book value
At 31 March 2025
- 
30,626 
4,958 
318 
35,902 
At 31 March 2024
- 
9,216 
6,197 
751 
16,164 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,555 
4,202 
Accrued income and prepayments
1,825 
28,258 
Other debtors
36,408 
28,343 
44,788 
60,803 
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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 
VAT
10,648 
13,179 
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 
118,051 
158,978 
8
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
14,012 
18,903 
Obligations under finance leases and hire purchase contracts
18,024 
- 
32,036 
18,903 
9
Average number of employees
During the year the average number of employees was 7 (2024: 7).
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