Acorah Software Products - Accounts Production 16.4.675 false true 31 December 2023 1 January 2023 false 31 July 2025 1 January 2024 31 December 2024 31 December 2024 13628136 Mr R A Blake Mr N R Blake Mr I C Robbins Ashe House, Cooks Way, Hitchin, Herts SG4 0JE true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13628136 2023-12-31 13628136 2024-12-31 13628136 2024-01-01 2024-12-31 13628136 frs-core:CurrentFinancialInstruments 2024-12-31 13628136 frs-core:ShareCapital 2024-12-31 13628136 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13628136 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13628136 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13628136 frs-bus:SmallEntities 2024-01-01 2024-12-31 13628136 frs-bus:Audited 2024-01-01 2024-12-31 13628136 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13628136 1 2024-01-01 2024-12-31 13628136 frs-bus:Director1 2024-01-01 2024-12-31 13628136 frs-bus:Director2 2024-01-01 2024-12-31 13628136 frs-bus:Director3 2024-01-01 2024-12-31 13628136 frs-countries:EnglandWales 2024-01-01 2024-12-31 13628136 2022-12-31 13628136 2023-12-31 13628136 2023-01-01 2023-12-31 13628136 frs-core:CurrentFinancialInstruments 2023-12-31 13628136 frs-core:ShareCapital 2023-12-31 13628136 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 13628136
Ashe Developments Limited
Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 13628136
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 882,659 742,580
Cash at bank and in hand 53,334 470,357
935,993 1,212,937
Creditors: Amounts Falling Due Within One Year 5 (282,285 ) (707,513 )
NET CURRENT ASSETS (LIABILITIES) 653,708 505,424
TOTAL ASSETS LESS CURRENT LIABILITIES 653,708 505,424
NET ASSETS 653,708 505,424
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 653,608 505,324
SHAREHOLDERS' FUNDS 653,708 505,424
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr R A Blake
Director
31st July 2025
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Ashe Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13628136 . The registered office is Ashe House, Cooks Way, Hitchin, Hertfordshire, SG4 0JE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Significant judgements and estimations
Construction contracts
Turnover and profit on construction contracts is ascertained in a manner appropriate to the stage of completion of the contract. The stage of completion is measured by the proportion of contract costs incurred for work performed to date compared to the estimated total contract costs. All certified and subsequently invoiced values are assessed by and agreed with a third-party professional. The assessment of the final outcome of each contract is determined by the regular review of revenues and cost to complete the contract.
Profit on contracts is only recognised when the Company is satisfied that the risks on a contract have been mitigated to a suitable level so that the outcome of work under the contract can be assessed with reasonable certainty. When it is probable that total contract costs will exceed contract turnover, the expected loss is
recognised as an expense immediately.
Variations and claims are recognised once there is sufficient certainty over the probability that they will be
received, and the amount can be measured reliably.
2.3. Turnover
Turnover on construction contracts is measured at the fair value of consideration receivable and ascertained in a manner appropriate to the stage of completion and the anticipated final value of the contract.
Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is measured at the fair value of consideration received or receivable.
All turnover is stated net of VAT.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.4. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.5. Functional currency
The financial statements are prepared in Great British Pound (£), which is the currency that the company's income is earned and expenditure is paid. Therefore the company has chosen to select the Great British Pound (£) as its functional and reporting currency.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Debtors
2024 2023
£ £
Due within one year
Trade debtors 157,307 310,501
Amounts owed by group undertakings 720,270 319,182
Other debtors 5,082 112,897
882,659 742,580
2024
2023
Trade debtors consist of:
£
£
Trade debtors
-
151,534
Retention debtors
158,967
158,967
Amounts recoverable on contracts
(1,660)
-
image157,307
image
310,501
image
image
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 7,884 6,416
Amounts owed to group undertakings - 132,012
Other creditors 240,099 451,167
Taxation and social security 34,302 117,918
282,285 707,513
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Page 4
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Related Party Transactions
As a wholly-owned subsidiary of Ashe Group Holdings Limited throughout the current and previous year, the Company claims exemption, under FRS 102, Section 33, Paragraph 1A, from disclosing transactions with other group companies.
R S Blake is considered to be the ultimate controlling party of Ashe Group Holdings Limited through his majority equity holiday in the company.
8. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
9. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Ashe Group Holdings Limited . Ashe Group Holdings Limited was incorporated in Engalnd & Wales. Copies of the group accounts may be obtained from Ashe House, Cooks Way, Hitchin, Herts SG4 0JE .
10. Audit Information
The auditor's report on the accounts of Ashe Developments Limited for the year ended 31 December 2024 was unqualified.
The auditor's report was signed by Roger Owen FCA (Senior Statutory Auditor) for and on behalf of Chancellers LLP , Statutory Auditor.
Chancellers LLP
64 Wilbury Way
Hitchin
Hertfordshire
SG4 0TP
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