REGISTERED NUMBER: 12448892 (England and Wales)

Unaudited Financial Statements

for the Year Ended 28 February 2025

for

Ashby Welding & Fabrication Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R J Holden

J T Baggott

REGISTERED OFFICE:

C/O Mulberry & Co

Eastgate House

Dogflud Way

Farnham

Surrey

GU9 7UD

REGISTERED NUMBER:

12448892 (England and Wales)

ACCOUNTANTS:

Mulberry & Co

Chartered Certified Accountants

& Chartered Tax Advisers

C/O Mulberry & Co

Eastgate House

Dogflud Way

Farnham

Surrey

GU9 7UD

FIXED ASSETS

Intangible assets

4

-

20,000

Tangible assets

5

27,012

15,606

27,012

35,606

CURRENT ASSETS

Stocks

14,900

7,000

Debtors

6

115,636

86,712

Cash at bank and in hand

39,557

63,501

170,093

157,213

CREDITORS

Amounts falling due within one year

7

(97,175

)

(82,099

)

NET CURRENT ASSETS

72,918

75,114

TOTAL ASSETS LESS CURRENT LIABILITIES

99,930

110,720

CREDITORS

Amounts falling due after more than one year

8

-

(10,719

)

NET ASSETS

99,930

100,001

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

99,830

99,901

SHAREHOLDERS' FUNDS

99,930

100,001

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 2 October 2025 and were signed on its behalf by:

J T Baggott - Director

R J Holden - Director

1.	STATUTORY INFORMATION

Ashby Welding & Fabrication Limited 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

33% on cost and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year 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 year 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 year was 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 March 2024

and 28 February 2025

100,000

AMORTISATION

At 1 March 2024

80,000

Charge for year

20,000

At 28 February 2025

100,000

NET BOOK VALUE

At 28 February 2025

-

At 29 February 2024

20,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2024

39,143

Additions

21,380

At 28 February 2025

60,523

DEPRECIATION

At 1 March 2024

23,537

Charge for year

9,974

At 28 February 2025

33,511

NET BOOK VALUE

At 28 February 2025

27,012

At 29 February 2024

15,606

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

115,636

86,712

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Hire purchase contracts

6,978

-

Trade creditors

57,033

28,764

Taxation and social security

32,458

36,629

Other creditors

706

16,706

97,175

82,099

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Hire purchase contracts

-

10,719