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Registered number: 09740605
ASD Build Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 09740605
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 29,367 140,752
29,367 140,752
CURRENT ASSETS
Stocks 5 1,230,600 1,629,020
Debtors 6 837,528 1,073,361
Cash at bank and in hand 112,732 474
2,180,860 2,702,855
Creditors: Amounts Falling Due Within One Year 7 (1,152,039 ) (1,850,278 )
NET CURRENT ASSETS (LIABILITIES) 1,028,821 852,577
TOTAL ASSETS LESS CURRENT LIABILITIES 1,058,188 993,329
Creditors: Amounts Falling Due After More Than One Year 8 (61,673 ) (114,460 )
PROVISIONS FOR LIABILITIES
Deferred Taxation - (35,188 )
NET ASSETS 996,515 843,681
CAPITAL AND RESERVES
Called up share capital 10 200 200
Profit and Loss Account 996,315 843,481
SHAREHOLDERS' FUNDS 996,515 843,681
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For the year ending 31 March 2025 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
Mr R Bailey
Director
3rd November 2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
ASD Build Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09740605 . The registered office is Millgrove House Parc Ty Glas, Llanishen, Cardiff, CF14 5DU.
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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Leasehold 33% straight line
Plant & Machinery 25/33% straight line
Motor Vehicles 25/15% straight line/reducing balance
Fixtures & Fittings 33% straight line
Computer Equipment 33% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. 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 year 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.
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 asset reflects 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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2024: 19)
9 19
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 8,177 240,441 84,717 18,931 352,266
Disposals - (151,235 ) (10,245 ) - (161,480 )
As at 31 March 2025 8,177 89,206 74,472 18,931 190,786
Depreciation
As at 1 April 2024 5,948 136,981 52,558 16,027 211,514
Provided during the period - 8,679 7,452 2,400 18,531
Disposals - (62,365 ) (6,261 ) - (68,626 )
As at 31 March 2025 5,948 83,295 53,749 18,427 161,419
Net Book Value
As at 31 March 2025 2,229 5,911 20,723 504 29,367
As at 1 April 2024 2,229 103,460 32,159 2,904 140,752
5. Stocks
2025 2024
£ £
Finished goods 1,000,000 1,263,820
Work in progress 230,600 365,200
1,230,600 1,629,020
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 60,350 326,044
Prepayments and accrued income 3,274 8,689
Other debtors 773,904 709,060
Corporation tax recoverable assets - 13,090
VAT - 16,478
837,528 1,073,361
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 508,851 1,059,550
Bank loans and overdrafts - 95,745
Other loans 137,000 321,078
Corporation tax 35,393 67,521
VAT 19,273 -
Net wages - 566
Pension Control Account 1,894 2,721
PAYE and NIC control account 303,928 252,950
Accruals and deferred income 145,591 50,031
Directors' loan accounts 109 116
1,152,039 1,850,278
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 61,673 114,460
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Later than one year and not later than five years 61,673 114,460
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 200 200
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