Company registration number 07662425 (England and Wales)
ASBESTOBEL LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
ASBESTOBEL LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
ASBESTOBEL LTD
BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
181,558
137,007
Current assets
Debtors
4
155,860
374,780
Cash at bank and in hand
38,315
19,963
194,175
394,743
Creditors: amounts falling due within one year
5
(123,502)
(304,767)
Net current assets
70,673
89,976
Total assets less current liabilities
252,231
226,983
Creditors: amounts falling due after more than one year
6
(67,548)
(54,258)
Provisions for liabilities
(36,741)
(29,517)
Net assets
147,942
143,208
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
147,842
143,108
Total equity
147,942
143,208
ASBESTOBEL LTD
BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2025
31 August 2025
- 2 -

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 5 May 2026 and are signed on its behalf by:
Mrs Rachael Belshaw
Director
Company registration number 07662425 (England and Wales)
ASBESTOBEL LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 3 -
1
Accounting policies
Company information

Asbestobel Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 2-3 Charter Point Way, Ashby de la Zouch, Leicestershire, LE65 1NF.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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 is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
Straight line over 10 years
Plant and equipment
33% Reducing balance
Computers
33% Reducing balance
Motor vehicles
15% Reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

ASBESTOBEL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 4 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.5
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.6
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
4
3
ASBESTOBEL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 5 -
3
Tangible fixed assets
Leasehold land and buildings
Plant and equipment
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 September 2024
12,568
4,682
14,054
140,564
171,868
Additions
-
0
-
0
290
103,561
103,851
Disposals
-
0
-
0
-
0
(47,129)
(47,129)
At 31 August 2025
12,568
4,682
14,344
196,996
228,590
Depreciation and impairment
At 1 September 2024
5,721
2,787
11,858
14,495
34,861
Depreciation charged in the year
1,257
625
1,369
21,872
25,123
Eliminated in respect of disposals
-
0
-
0
-
0
(12,952)
(12,952)
At 31 August 2025
6,978
3,412
13,227
23,415
47,032
Carrying amount
At 31 August 2025
5,590
1,270
1,117
173,581
181,558
At 31 August 2024
6,847
1,895
2,196
126,069
137,007
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
155,860
374,737
Other debtors
-
0
43
155,860
374,780
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
2,834
4,136
Trade creditors
39,636
180,114
Taxation and social security
34,910
88,994
Other creditors
46,122
31,523
123,502
304,767
ASBESTOBEL LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 6 -
6
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
-
0
2,702
Obligations under finance leases
67,548
51,556
67,548
54,258
2025-08-31 2024-09-01 false false false 05 May 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity Mr Colin Belshaw Mr Joshua Belshaw Mrs Rachael Belshaw Mrs Rachael Belshaw 07662425 2024-09-01 2025-08-31 07662425 2025-08-31 07662425 2024-08-31 07662425 core:LeasedAssetsHeldAsLessee 2025-08-31 07662425 core:PlantMachinery 2025-08-31 07662425 core:ComputerEquipment 2025-08-31 07662425 core:MotorVehicles 2025-08-31 07662425 core:LandBuildings 2024-08-31 07662425 core:PlantMachinery 2024-08-31 07662425 core:ComputerEquipment 2024-08-31 07662425 core:MotorVehicles 2024-08-31 07662425 core:CurrentFinancialInstruments core:WithinOneYear 2025-08-31 07662425 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 07662425 core:WithinOneYear 2025-08-31 07662425 core:WithinOneYear 2024-08-31 07662425 core:AfterOneYear 2025-08-31 07662425 core:AfterOneYear 2024-08-31 07662425 core:CurrentFinancialInstruments 2025-08-31 07662425 core:CurrentFinancialInstruments 2024-08-31 07662425 core:Non-currentFinancialInstruments 2025-08-31 07662425 core:Non-currentFinancialInstruments 2024-08-31 07662425 core:ShareCapital 2025-08-31 07662425 core:ShareCapital 2024-08-31 07662425 core:RetainedEarningsAccumulatedLosses 2025-08-31 07662425 core:RetainedEarningsAccumulatedLosses 2024-08-31 07662425 bus:CompanySecretaryDirector1 2024-09-01 2025-08-31 07662425 core:LandBuildings core:LongLeaseholdAssets 2024-09-01 2025-08-31 07662425 core:PlantMachinery 2024-09-01 2025-08-31 07662425 core:ComputerEquipment 2024-09-01 2025-08-31 07662425 core:MotorVehicles 2024-09-01 2025-08-31 07662425 2023-09-01 2024-08-31 07662425 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-08-31 07662425 core:PlantMachinery 2024-08-31 07662425 core:ComputerEquipment 2024-08-31 07662425 core:MotorVehicles 2024-08-31 07662425 2024-08-31 07662425 core:LandBuildings core:LeasedAssetsHeldAsLessee 2025-08-31 07662425 core:LandBuildings core:LeasedAssetsHeldAsLessee 2024-09-01 2025-08-31 07662425 core:Non-currentFinancialInstruments core:AfterOneYear 2025-08-31 07662425 core:Non-currentFinancialInstruments core:AfterOneYear 2024-08-31 07662425 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 07662425 bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 07662425 bus:FRS102 2024-09-01 2025-08-31 07662425 bus:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 07662425 bus:Director1 2024-09-01 2025-08-31 07662425 bus:Director2 2024-09-01 2025-08-31 07662425 bus:Director3 2024-09-01 2025-08-31 07662425 bus:CompanySecretary1 2024-09-01 2025-08-31 07662425 bus:FullAccounts 2024-09-01 2025-08-31 xbrli:pure xbrli:shares iso4217:GBP