Company Registration No. 02956055 (England and Wales)
Ashcon Limited
Unaudited Financial Statements
for the year ended 31 December 2024
Ashcon Limited
Unaudited Financial Statements
Contents
Ashcon Limited
Company Information
for the year ended 31 December 2024
Directors
Mr Ashvin Halai
Mr Kartik Halai
Company Number
02956055 (England and Wales)
Registered Office
3rd Floor Vyman House
104 College Road
Harrow
Middlesex
HA1 1BQ
Accountants
RMR Partnership LLP
3rd Floor, Vyman House
104 College Road
Harrow
Middlesex
HA1 1BQ
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Ashcon Limited for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Ashcon Limited for the year ended
31 December 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
RMR Partnership LLP
Chartered Accountants
3rd Floor, Vyman House
104 College Road
Harrow
Middlesex
HA1 1BQ
10 December 2025
Ashcon Limited
Statement of financial position
as at 31 December 2024
Tangible assets
5,163
6,883
Cash at bank and in hand
183,785
246,569
Creditors: amounts falling due within one year
(170,111)
(207,490)
Net current assets
357,712
378,259
Total assets less current liabilities
362,875
385,142
Creditors: amounts falling due after more than one year
(19,102)
(29,187)
Net assets
343,773
355,955
Called up share capital
100
100
Profit and loss account
343,673
355,855
Shareholders' funds
343,773
355,955
For the 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. 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 December 2025 and were signed on its behalf by
Mr Ashvin Halai
Director
Company Registration No. 02956055
Ashcon Limited
Notes to the Accounts
for the year ended 31 December 2024
Ashcon Limited is a private company, limited by shares, registered in England and Wales, registration number 02956055. The registered office is 3rd Floor Vyman House, 104 College Road, Harrow, Middlesex, HA1 1BQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% as per reducing balance method
Computer equipment
25% as per reducing balance method
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Ashcon Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
23,183
2,135
25,318
At 31 December 2024
23,183
2,135
25,318
At 1 January 2024
16,764
1,671
18,435
Charge for the year
1,604
116
1,720
At 31 December 2024
18,368
1,787
20,155
At 31 December 2024
4,815
348
5,163
At 31 December 2023
6,419
464
6,883
Amounts falling due within one year
Accrued income and prepayments
1,032
573
Other debtors
339,443
332,494
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
15,216
11,514
Taxes and social security
61,386
57,634
Other creditors
14,205
18,284
Loans from directors
30,626
54,951
7
Creditors: amounts falling due after more than one year
2024
2023
8
Transactions with related parties
The company was under the control of Mr K Halai and Mr A Halai throughout the current year and
the Previous Year. At the year end the company owed the director £30,626 (2023: £54,951)
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).