Team Ashe Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 07699176

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		8,623		12,278

			8,623		12,278
CURRENT ASSETS
Stocks	5	38,620		19,141
Debtors	6	105,805		108,016
Cash at bank and in hand		76,070		91,806

		220,495		218,963
Creditors: Amounts Falling Due Within One Year	7	(180,558 )		(153,299 )

NET CURRENT ASSETS (LIABILITIES)			39,937		65,664

TOTAL ASSETS LESS CURRENT LIABILITIES			48,560		77,942

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,638 )		(2,333 )

NET ASSETS			46,922		75,609

CAPITAL AND RESERVES
Called up share capital	8		2		2
Profit and Loss Account			46,920		75,607

SHAREHOLDERS' FUNDS			46,922		75,609

Page 1

Page 2

Team Ashe Ltd

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 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 directors acknowledge their 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.

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

Gary Ashe

Director

27/08/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Team Ashe Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07699176 . The registered office is 56 Westfield Road, Woking, Surrey, GU22 9NG.

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. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. Revenue is recognised by stage of completion of contracts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Equipment	25% straight line
Motor Vehicles	25% reducing balance

2.4. Stocks and Work in Progress

Work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Work-in-progress represents costs incurred towards jobs that have not yet been completed.

2.5. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2023: 6)

4. Tangible Assets

	Plant & Equipment	Motor Vehicles	Total
	£	£	£
Cost
As at 1 January 2024	44,987	40,078	85,065
Disposals	(17,300 )	-	(17,300 )

As at 31 December 2024	27,687	40,078	67,765

Depreciation
As at 1 January 2024	43,223	29,564	72,787
Provided during the period	928	2,727	3,655
Disposals	(17,300 )	-	(17,300 )

As at 31 December 2024	26,851	32,291	59,142

Net Book Value
As at 31 December 2024	836	7,787	8,623

As at 1 January 2024	1,764	10,514	12,278

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Team Ashe Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Stocks

	2024	2023
	£	£
Work in progress	38,620	19,141

6. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	105,805	108,016

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	21,312	27,313
Bank loans and overdrafts	-	4,830
Other creditors	96,579	81,299
Taxation and social security	62,667	39,857

	180,558	153,299

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

9. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2024	2023
	£	£
Not later than one year	18,365	18,365
Later than one year and not later than five years	10,713	29,078

	29,078	47,443

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mr Gary Ashe	46,874	942	-	-	47,816
Mrs Hayley Ashe	25,880	370	-	-	26,250

The above loan is unsecured, repayable on demand and interest is charged at HMRC's official rate.