Asbridge Builders Limited


Directors	Mrs F C Asbridge
	Mr N M Asbridge
	Mr S G Asbridge


Company Secretary	Mrs F C Asbridge


Registered Address	Lyndene
	Sowerby Row
	Carlisle
	CA4 0QH


Registered Number	05346695 (England and Wales)

Notes to the Financial Statements
for the year ended 31 March 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.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	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 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 policy

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 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.

	Defined contribution pension plan
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in other creditors in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Goodwill
	Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement. Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Plant and machinery	15	-
Vehicles	25	-
Office Equipment	-	3

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the Income Statement.

	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 Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

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 Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease

Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to completed the sale. The impairment loss is recognised immediately in the Income Statement.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	6		7

3.	Intangible assets

	Goodwill	Total
	£	£
Cost or valuation
At 01 April 24	28,416	28,416
At 31 March 25	28,416	28,416
Amortisation and impairment
At 01 April 24	28,416	28,416
At 31 March 25	28,416	28,416
Net book value
At 31 March 25	-	-
At 31 March 24	-	-

4.	Tangible fixed assets

	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 24	129,711	55,063	8,893	193,667
Additions	26,250	26,027	-	52,277
At 31 March 25	155,961	81,090	8,893	245,944
Depreciation and impairment
At 01 April 24	55,660	20,062	7,042	82,764
Charge for year	12,532	3,253	1,322	17,107
At 31 March 25	68,192	23,315	8,364	99,871
Net book value
At 31 March 25	87,769	57,775	529	146,073
At 31 March 24	74,051	35,001	1,851	110,903

5.	Fixed asset investments

	Investments in groups¹	Total
	£	£
Cost or valuation
At 01 April 24	70	70
Disposals	(70)	(70)
Net book value
At 31 March 25	-	-
At 31 March 24	70	70

	Notes
	¹Investments in group undertakings and participating interests

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	14,595	14,595
Amounts owed by group undertakings	-	42,750
Other debtors	2,091	7,226
Prepayments and accrued income	316,112	222,678
Total	332,798	287,249

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	85,314	106,634
Bank borrowings and overdrafts	10,148	33,445
Taxation and social security	83,852	57,419
Finance lease and HP contracts	18,377	5,628
Other creditors	134,646	89,490
Accrued liabilities and deferred income	5,200	4,831
Total	337,537	297,447


	Certain bank borrowings and overdrafts are secured by a fixed and floating charge over all assets of the company. Finance lease and HP contracts are secured on the assets to which they relate.

8.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	1,638	12,231
Other creditors	16,947	-
Total	18,585	12,231


	Certain bank borrowings and overdrafts are secured by a fixed and floating charge over all assets of the company. Other creditors are finance lease and HP contracts and are secured on the assets to which they relate.

9.	Provisions for liabilities
	Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate of the settlement can be made. The deferred tax provision relates to accelerated capital allowances.

	2025	2024
	£	£
Net deferred tax liability (asset)	36,500	21,000
Total	36,500	21,000

10.	Related party transactions
	During the year two directors had a joint loan account with the company. As of 31 March 2025, the company owed the directors £70,846 (2024 - £34,138). This loan is unsecured, interest free and repayable on demand. During the year a third director had a loan account with the company. As of 31 March 2025, the company owed the director £63,106 (2024 - £53,669). This loan is unsecured, interest free and repayable on demand.

10.

Related party transactions

During the year two directors had a joint loan account with the company.  As of 31 March 2025, the company owed the directors £70,846 (2024 - £34,138).  This loan is unsecured, interest free and repayable on demand.

During the year a third director had a loan account with the company.  As of 31 March 2025, the company owed the director £63,106 (2024 - £53,669).  This loan is unsecured, interest free and repayable on demand.

11.	Parent-subsidiary relationships
	The company, and the group headed by it, qualify as a small group as such the parent and the group are exempt from producing group accounts

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		146,073		110,903
Investments	5		-		70
			146,073		110,973
Current assets
Stocks		7,000		7,000
Debtors	6	332,798		287,249
Cash at bank and on hand		42,078		-
		381,876		294,249
Creditors amounts falling due within one year	7	(337,537)		(297,447)
Net current assets (liabilities)			44,339		(3,198)
Total assets less current liabilities			190,412		107,775
Creditors amounts falling due after one year	8		(18,585)		(12,231)
Provisions for liabilities	9		(36,500)		(21,000)
Net assets			135,327		74,544
Capital and reserves
Called up share capital			100		100
Profit and loss account			135,227		74,444
Shareholders' funds			135,327		74,544