ASD BUILDERS LIMITED


Directors	DOWNS, Andrew Stephen
	DOWNS, David Peter
	DOWNS, Janet Lydia
	DOWNS, Susan Anne


Company Secretary	DOWNS, Andrew Stephen


Registered Address	1 Gemini Court
	42a Throwley Way
	Sutton
	SM1 4AF


Registered Number	03111395 (England and Wales)

Statement of Financial Position
28 February 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		142,933		155,504
Investment property	4		510,000		420,000
			652,933		575,504
Current assets
Debtors	5	6,305		14,702
Cash at bank and on hand		265,823		243,853
		272,128		258,555
Creditors amounts falling due within one year	6	(77,171)		(53,189)
Net current assets (liabilities)			194,957		205,366
Total assets less current liabilities			847,890		780,870
Provisions for liabilities	9		(112,446)		(93,231)
Net assets			735,444		687,639
Capital and reserves
Called up share capital			200		200
Revaluation reserve			291,277		291,277
Profit and loss account			443,967		396,162
Shareholders' funds			735,444		687,639

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 8 October 2025, and are signed on its behalf by:

DOWNS, David Peter
Director
Registered Company No. 03111395

ASD BUILDERS LIMITED

Notes to the Financial Statements
for the year ended 28 February 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

Statement of compliance

These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

	Turnover policy
	Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Current taxation
	The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Current taxation

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

	Deferred tax
	Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit. 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	26
Plant and machinery	25	-
Vehicles	25	-
Office Equipment	25	-

	Investment property
	Investment property represents the property at 26 Carshalton Road, CR4 4HJ. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors at the year end. The directors' valuation was made on an open market value basis by reference to market evidence of transactions prices for similar properties.

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	4		5

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 March 24	159,018	27,290	61,299	15,865	263,472
Additions	-	-	-	416	416
At 28 February 25	159,018	27,290	61,299	16,281	263,888
Depreciation and impairment
At 01 March 24	30,580	26,211	36,261	14,916	107,968
Charge for year	6,116	270	6,260	341	12,987
At 28 February 25	36,696	26,481	42,521	15,257	120,955
Net book value
At 28 February 25	122,322	809	18,778	1,024	142,933
At 29 February 24	128,438	1,079	25,038	949	155,504

4.	Investment property
	Investment property represents the property at 26 Carshalton Road, CR4 4HJ. The fair value of the investment property has been arrived at on the basis of a valuations carried out by the directors at the year end. The directors' valuation was made on an open market value basis by reference to market evidence of transactions prices for similar properties.


		£
	Fair value at 01 March 24	420,000
	Fair value adjustments	90,000
	At 28 February 25	510,000

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Other debtors	6,305	14,702
Total	6,305	14,702

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	3,308	2,829
Taxation and social security	8,392	14,931
Finance lease and HP contracts	-	386
Other creditors	65,471	35,043
Total	77,171	53,189

7.	Creditors: amounts due after one year

8.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	-		386

9.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	112,446	93,231
Total	112,446	93,231