| Page | |
|---|---|
| Strategic Report | 1—3 |
| Directors' Report | 4—6 |
| Independent Auditor's Report | 7—10 |
| Statement of Income and Retained Earnings | 11 |
| Balance Sheet | 12—13 |
| Notes to the Financial Statements | 14—22 |
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Category
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2021 Tonnes CO2e
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2022 Tonnes CO2e
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2023 Tonnes CO2e
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2024 Tonnes CO2e
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Scope 1 Total emissions
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632.53
|
552.74
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588.44
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633.10
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Scope 2 Total emissions
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51.12
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35.88
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28.32
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56.21
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Scope 3 emissions (limited to Scope 5, 6 and 7)
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591.05
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572.74
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593.55
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569.55
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Total emissions
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1274.70
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1161.37
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1210.31
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1258.87
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Revenue (£m)
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£70.5
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£84.0
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£87.0
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£104.3
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Carbon Intensity GCG tCO2e/£m revenue (Ashe Group)
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18.08
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13.83
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13.91
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12.07
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Director
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31st July 2025
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Director
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for and on behalf of
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64 Wilbury Way
Hitchin
Hertfordshire
SG4 0TP
|
| 2024 | 2023 | |||
|---|---|---|---|---|
| Notes | £ | £ | ||
| TURNOVER | 4 |
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| Cost of sales |
( |
( |
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| GROSS PROFIT |
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| Administrative expenses |
( |
( |
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| Other operating income |
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| Other operating expenses |
( |
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| OPERATING PROFIT | 6 |
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| Other interest receivable and similar income | 11 |
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| PROFIT BEFORE TAXATION |
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| Tax on Profit | 12 |
( |
( |
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| PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR |
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| RETAINED EARNINGS | ||||
| As at 1 January 2024 |
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| Dividends paid | (700,000) | (500,000) | ||
| As at 31 December 2024 |
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| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 13 |
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| CURRENT ASSETS | |||||
| Debtors | 14 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 15 |
( |
( |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 16 |
( |
( |
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| PROVISIONS FOR LIABILITIES | |||||
| Provisions For Charges | 18 |
( |
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| Deferred Taxation | 17 |
( |
( |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 19 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 2,319,189 | 1,871,646 | |||
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Director
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| Plant & Machinery |
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| Motor Vehicles |
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| Fixtures & Fittings |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Construction contracts | 19,275,901 | 19,800,532 | |
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Grant income |
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| Other operating income |
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| 254,478 | 18,546 | ||
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2024
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2023
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£
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£
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Warranty obligation
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86,770
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-
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Depreciation of tangible fixed assets |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Audit Services | |||
| Audit of the company's financial statements |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Wages and salaries |
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| Social security costs |
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| Other pension costs |
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| 2024 | 2023 | ||
|---|---|---|---|
| Production |
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| Non-production |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Emoluments |
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| Company contributions to money purchase pension schemes |
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| 2024 | 2023 | ||
|---|---|---|---|
| Money purchase pension schemes |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Emoluments |
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| Company contributions to money purchase pension schemes |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Bank interest receivable |
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| Interest on corporation tax | 1,990 | - | |
| 111,821 | 89,551 | ||
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The tax charge on the profit for the year was as follows:
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| Tax Rate | 2024 | 2023 | |||
|---|---|---|---|---|---|
| 2024 | 2023 | £ | £ | ||
| Current tax | |||||
| UK Corporation Tax | 25.0% | 25.0% |
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| Prior period adjustment |
( |
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| Deferred Tax | |||||
| Deferred taxation |
( |
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| Total tax charge for the period |
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The actual charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
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| 2024 | 2023 | ||||
| £ | £ | ||||
| Profit before tax | 1,520,122 | 1,327,720 | |||
| Tax on profit at 25% (UK standard rate) |
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| Goodwill/depreciation not allowed for tax |
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| Expenses not deductible for tax purposes |
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| Capital allowances |
( |
( |
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| Short term timing differences |
( |
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| Prior period adjustment |
( |
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| Difference in tax rates |
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( |
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| Changes in pension fund prepayment |
( |
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| Total tax charge for the period | 372,579 | 315,093 | |||
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Prior period adjustment reflects over provisions of corporation tax liability in prior years.
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| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Cost | ||||
| As at 1 January 2024 |
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| Additions |
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| As at 31 December 2024 |
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| Depreciation | ||||
| As at 1 January 2024 |
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| Provided during the period |
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| As at 31 December 2024 |
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| Net Book Value | ||||
| As at 31 December 2024 |
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| As at 1 January 2024 |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Amounts owed by group undertakings | 511,963 | 10,638 | |
| Other debtors | 189,295 | 158,160 | |
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| Due after more than one year | |||
| Trade debtors |
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2024
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2023
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Total Trade debtors consists of:-
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£
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£
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Trade debtors
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1,423,176
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1,167,733
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Retention debtors
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1,013,485
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1,060,467
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Amounts recoverable on contracts
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1,216,894
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1,268,485
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3,496.685
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
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| Corporation tax |
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| Other taxes and social security |
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| VAT |
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| Subcontractor-creditors |
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| Precision pay credit account |
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| Pension control | - |
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| Accruals and deferred income |
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| Amounts owed to group undertakings |
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| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Other creditors | 8,581 | 24,580 | |
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| Other timing differences | 4,293 | 6,541 | |
| Warranty provision | Deferred Tax | Total | |
|---|---|---|---|
| £ | £ | £ | |
| As at 1 January 2024 |
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6,541 |
| Additions |
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86,770 |
| Deferred taxation | - |
( |
( |
| Balance at 31 December 2024 |
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91,063 |
| 2024 | 2023 | ||
|---|---|---|---|
| £ | £ | ||
| On equity shares: | |||
| Interim dividend paid |
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