Company Registration No. SC229975 (Scotland)
Ashton Building Systems (Scotland) Limited
Unaudited filleted abridged financial statements
for the period from 4 April 2024 to 31 March 2025
Ashton Building Systems (Scotland) Limited
Unaudited filleted abridged financial statements
Contents
Ashton Building Systems (Scotland) Limited
Company Information
for the period from 4 April 2024 to 31 March 2025
Company Number
SC229975 (Scotland)
Registered Office
Ashton House
Ground Floor, Pavilion 8
315 Govan Road, Watermark Business Park
Glasgow
G51 2SE
Scotland
Accountants
F & R Watson Accountants Limited
16 Kirk Brae
Maybole
KA19 7ER
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Ashton Building Systems (Scotland) Limited
for the period from 4 April 2024 to 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Ashton Building Systems (Scotland) Limited for the period from
4 April 2024 to
31 March 2025 as set out on pages
5 -
8 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
This report is made solely to the Board of Directors of Ashton Building Systems (Scotland) Limited, as a body, in accordance with the terms of our engagement letter dated 16 January 2024. Our work has been undertaken solely to prepare for your approval the accounts of Ashton Building Systems (Scotland) Limited and state those matters that we have agreed to state to the Board of Directors of Ashton Building Systems (Scotland) Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ashton Building Systems (Scotland) Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Ashton Building Systems (Scotland) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Ashton Building Systems (Scotland) Limited. You consider that Ashton Building Systems (Scotland) Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of Ashton Building Systems (Scotland) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
F & R Watson Accountants Limited
Chartered Certified Accountants
16 Kirk Brae
Maybole
KA19 7ER
20 December 2025
Ashton Building Systems (Scotland) Limited
Statement of financial position
as at 31 March 2025
Tangible assets
311,439
295,603
Cash at bank and in hand
1,296,426
805,499
Creditors: amounts falling due within one year
(1,002,262)
(502,179)
Net current assets
1,520,405
1,137,156
Total assets less current liabilities
1,831,844
1,432,759
Creditors: amounts falling due after more than one year
(94,349)
(124,549)
Provisions for liabilities
Deferred tax
(72,911)
(72,157)
Net assets
1,664,584
1,236,053
Called up share capital
200
200
Profit and loss account
1,664,384
1,235,853
Shareholders' funds
1,664,584
1,236,053
For the period 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the period in accordance with Section 444(2A).
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 and authorised for issue on 20 December 2025 and were signed on its behalf by
Mrs N Easton
Director
Company Registration No. SC229975
Ashton Building Systems (Scotland) Limited
Notes to the Accounts
for the period from 4 April 2024 to 31 March 2025
Ashton Building Systems (Scotland) Limited is a private company, limited by shares, registered in Scotland, registration number SC229975. The registered office is Ashton House, Ground Floor, Pavilion 8, 315 Govan Road, Watermark Business Park, Glasgow, G51 2SE, Scotland.
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 period, and also have been consistently applied within the same accounts.
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
The accounts have been prepared under the historical cost basis.
The accounts are presented in £ sterling.
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.
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 arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Ashton Building Systems (Scotland) Limited
Notes to the Accounts
for the period from 4 April 2024 to 31 March 2025
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
3, 4 & 5 years
Fixtures & fittings
Equal instalments over the period of the lease
Computer equipment
2 & 4 years
Other tangible fixed assets
10 years
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company adopts the accrual model in respect of grants.
Grants in relation to tangible fixed assets are credited to the profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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.
The company also contributes to the personal pension schemes of a director and a member of key management personnel. The contributions are recognised as an expense in the profit and loss account when paid.
Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments according to the substance of the contractual arrangement.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention on a net basis, or to realise the assets and settle the liabilities simultaneously.
Financial assets are measured at cost less any provision for impairment. Financial liabilities are measured at principal capital amounts outstanding at the period end.
An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated financial instrument.
Ashton Building Systems (Scotland) Limited
Notes to the Accounts
for the period from 4 April 2024 to 31 March 2025
4
Tangible fixed assets
Total
Charge for the period
66,741
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
186,285
197,648
The company operated a defined contribution pension scheme that was open to all employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the statement of financial position date, there were outstanding contributions of £5,208 (2024: £2,110) due to the fund.
The company also contributed to the personal pension schemes of a director and a member of key management personnel. The pension cost includes contributions paid by the company to the schemes and amounted to £168,000 (2024: £172,000).
6
Operating lease commitments
2025
2024
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
40,750
40,750
Later than one year and not later than five years
27,254
68,004
7
Average number of employees
During the period the average number of employees was 19 (2024: 17).