REGISTERED NUMBER: 10380706 (England and Wales)

AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

ASH HEAT AND POWER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N A D Hassall

J P Fray

M G Kirk

REGISTERED OFFICE:

The Mill

Morton

Oswestry

Shropshire

SY10 8BH

REGISTERED NUMBER:

10380706 (England and Wales)

AUDITORS:

D.R.E. & Co. (Audit) Limited

Kingsland House

39 Abbey Foregate

Shrewsbury

Shropshire

SY2 6BL

FIXED ASSETS

Tangible assets

5

282,451

399,036

CURRENT ASSETS

Debtors

6

91,659

21,562

Cash at bank

5

26,459

91,664

48,021

CREDITORS

Amounts falling due within one year

7

129,565

309,256

NET CURRENT LIABILITIES

(37,901

)

(261,235

)

TOTAL ASSETS LESS CURRENT LIABILITIES

244,550

137,801

PROVISIONS FOR LIABILITIES

9

17,370

36,696

NET ASSETS

227,180

101,105

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

227,080

101,005

SHAREHOLDERS' FUNDS

227,180

101,105

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 10 December 2025 and were signed on its behalf by:

N A D Hassall - Director

1.	STATUTORY INFORMATION

ASH Heat and Power Limited is a private company, limited by shares, incorporated and registered in England and Wales. The company's registered number and registered office can be found on the Company Information page.

The principal place of business is The Recycling Centre, Redwither Road, Wrexham Industrial Estate, Wrexham LL13 9RD.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The financial statements are for the individual entity only.

The financial statements are presented in sterling (£), rounded to the nearest £1.

At the balance sheet date the company had net current liabilities of £37,901 (2024: £261,235). As shown in the creditors due within one year note, there are amounts owed to group companies of £112,679 (2024: £268,504). The directors have reviewed the support of group companies and fully expect it to continue for the foreseeable future and have therefore prepared the financial statements on a going concern basis.

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

Tangible fixed assets are stated at historic cost less accumulated depreciation. Costs include original purchase price of the asset and the costs attributable to bringing the asset to its working condition for its intended use.

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

Leasehold improvements

- 20% on cost

Plant and machinery

- 100% on cost, 33.3% on cost, 20% on cost and 10% on cost

Financial instruments

The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other receivables, cash and bank balances and amounts due from group undertakings, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

(ii) Financial liabilities

Basic financial liabilities, including trade and other payables and amounts owed to group undertakings, are initially recognised at transaction price and subsequently carried at amortised cost.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Leasehold

Plant and

improvements

machinery

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

168,465

1,010,282

1,178,747

DEPRECIATION

At 1 April 2024

57,718

721,993

779,711

Charge for year

33,592

82,993

116,585

At 31 March 2025

91,310

804,986

896,296

NET BOOK VALUE

At 31 March 2025

77,155

205,296

282,451

At 31 March 2024

110,747

288,289

399,036

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

-

128

Amounts owed by group undertakings

51,732

-

Other debtors

39,912

21,434

Tax

15

-

91,659

21,562

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

-

21,899

Amounts owed to group undertakings

112,679

268,504

Tax

-

10,000

Social security and other taxes

4,255

8,853

Accrued expenses

12,631

-

129,565

309,256

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.25

31.3.24

£

£

Within one year

2,083

2,083

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

17,370

36,696

Deferred

tax

£

Balance at 1 April 2024

36,696

Credit to Income Statement during year

(19,326

)

Balance at 31 March 2025

17,370

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Francis Nock F.C.C.A. (Senior Statutory Auditor)

for and on behalf of D.R.E. & Co. (Audit) Limited

12.	CONTINGENT LIABILITIES

During a prior year the company entered into a Composite Accounting Agreement with its parent company and fellow subsidiaries. Under the terms of the agreement and the guarantees given, the bank is authorised to allow set-off for interest purposes and in certain circumstances offset bank balances against liabilities within the Composite Accounting System. There was no contingent liability for the company at 31 March 2025 or 31 March 2024.

The contingent liability for the company at 31 March 2025 in respect of group bank borrowings amounted to £nil (2024: £nil).

13.	RELATED PARTY DISCLOSURES

14.	ULTIMATE CONTROLLING PARTY