Ashcroft Electrical Services Ltd

Unaudited Financial Statements

for the Period 1 April 2024 to 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M D Ashcroft

REGISTERED OFFICE:

The Old Station

44-46 New Court Way

Ormskirk

Lancashire

L39 2YT

REGISTERED NUMBER:

10467117 (England and Wales)

ACCOUNTANTS:

Matthews Sutton & Co Ltd

Chartered Certified Accountants

48 - 52 Penny Lane

Mossley Hill

Liverpool

Merseyside

L18 1DG

FIXED ASSETS

Tangible assets

4

369,706

275,436

CURRENT ASSETS

Debtors

5

2,015,547

1,870,156

Cash at bank

1,483,662

1,331,792

3,499,209

3,201,948

CREDITORS

Amounts falling due within one year

6

2,261,706

2,310,740

NET CURRENT ASSETS

1,237,503

891,208

TOTAL ASSETS LESS CURRENT LIABILITIES

1,607,209

1,166,644

CREDITORS

Amounts falling due after more than one year

7

(146,309

)

(73,612

)

PROVISIONS FOR LIABILITIES

(88,213

)

(28,499

)

NET ASSETS

1,372,687

1,064,533

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,372,587

1,064,433

1,372,687

1,064,533

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 September 2025 and were signed by:

M D Ashcroft - Director

1.	STATUTORY INFORMATION

Ashcroft Electrical Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance and 15% on reducing balance

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 27 (2024 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

156,692

204,508

361,200

Additions

-

141,442

141,442

At 31 December 2024

156,692

345,950

502,642

DEPRECIATION

At 1 April 2024

-

85,764

85,764

Charge for period

-

47,172

47,172

At 31 December 2024

-

132,936

132,936

NET BOOK VALUE

At 31 December 2024

156,692

213,014

369,706

At 31 March 2024

156,692

118,744

275,436

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

£

£

Trade debtors

1,916,519

1,869,256

Other debtors

99,028

900

2,015,547

1,870,156

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2024

£

£

Bank loans and overdrafts

10,000

10,677

Hire purchase contracts

22,873

19,140

Trade creditors

913,848

776,952

Taxation and social security

480,139

352,209

Other creditors

834,846

1,151,762

2,261,706

2,310,740

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2024

£

£

Bank loans

4,754

11,719

Hire purchase contracts

141,555

61,893

146,309

73,612