Registration number: 09301249

Ash Bros Builders Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 11

Ash Bros Builders Limited

Company Information

Directors

Mr S J Ash Mrs G H Ash

Company secretary

Mrs G H Ash

Registered office

Builders Yard Seavington Ilminster Somerset TA19 0QQ

Accountants

Mitchams Chartered Accountants 1 Cornhill Ilminster Somerset TA19 0AD

Ash Bros Builders Limited

(Registration number: 09301249)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	5	211,329	170,112
Current assets
Stocks	6	19,648	18,694
Debtors	7	625,029	733,185
Cash at bank and in hand		236,269	265,292
		880,946	1,017,171
Creditors: Amounts falling due within one year	8	(193,727)	(256,946)
Net current assets		687,219	760,225
Total assets less current liabilities		898,548	930,337
Creditors: Amounts falling due after more than one year	8	-	(22,500)
Provisions for liabilities		(28,522)	(18,652)
Net assets		870,026	889,185
Capital and reserves
Called up share capital		100	100
Retained earnings		869,926	889,085
Shareholders' funds		870,026	889,185

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Ash Bros Builders Limited

(Registration number: 09301249)
Balance Sheet as at 31 December 2024

Approved and authorised by the Board on 24 September 2025 and signed on its behalf by:
 

......................................... Mrs G H Ash Company secretary and director

Ash Bros Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Builders Yard
Seavington
Ilminster
Somerset
TA19 0QQ

These financial statements were authorised for issue by the Board on 24 September 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Ash Bros Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	20% reducing balance
Motor vehicles	20% reducing balance
Other property, plant and equipment	20% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	5 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Ash Bros Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Ash Bros Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 11 (2023 - 15).

Ash Bros Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 January 2024	160,000	160,000
At 31 December 2024	160,000	160,000
Amortisation
At 1 January 2024	160,000	160,000
At 31 December 2024	160,000	160,000
Carrying amount
At 31 December 2024	-	-

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Plant and equipment £	Total £
Cost or valuation
At 1 January 2024	104,950	36,543	125,989	14,540	282,022
Additions	-	515	89,800	-	90,315
Disposals	-	-	(50,540)	-	(50,540)
At 31 December 2024	104,950	37,058	165,249	14,540	321,797
Depreciation
At 1 January 2024	8,396	23,481	70,328	9,705	111,910
Charge for the year	2,099	2,715	25,536	967	31,317
Eliminated on disposal	-	-	(32,759)	-	(32,759)
At 31 December 2024	10,495	26,196	63,105	10,672	110,468
Carrying amount
At 31 December 2024	94,455	10,862	102,144	3,868	211,329
At 31 December 2023	96,554	13,062	55,661	4,835	170,112

Included within the net book value of land and buildings above is £94,455 (2023 - £96,554) in respect of long leasehold land and buildings.
 

Ash Bros Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Stocks

	2024 £	2023 £
Other inventories	19,648	18,694

7

Debtors

Current	2024 £	2023 £
Trade debtors	613,060	726,728
Other debtors	11,969	6,457
	625,029	733,185

Ash Bros Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

8

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	9	-	10,000
Trade creditors		43,506	46,477
Taxation and social security		150,221	200,469
		193,727	256,946

Creditors: amounts falling due after more than one year

	Note	2024 £	2023 £
Due after one year
Loans and borrowings	9	-	22,500

9	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	-	22,500

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	-	10,000

Ash Bros Builders Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

10	Related party transactions

Transactions with directors

2024	At 1 January 2024 £	Advances to director £	Repayments by director £	At 31 December 2024 £
Mr S J Ash
Directors Loan Interest Free	6,457	12,636	(7,124)	11,968

2023	At 1 January 2023 £	Advances to director £	Repayments by director £	At 31 December 2023 £
Mr S J Ash
Directors Loan Interest Free	1,413	7,366	(2,322)	6,457