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Registered number: 04732561
Asphalt Grid Systems Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04732561
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 489,130 308,827
489,130 308,827
CURRENT ASSETS
Debtors 5 743,494 667,221
Cash at bank and in hand 520,154 276,145
1,263,648 943,366
Creditors: Amounts Falling Due Within One Year 6 (1,055,875 ) (689,423 )
NET CURRENT ASSETS (LIABILITIES) 207,773 253,943
TOTAL ASSETS LESS CURRENT LIABILITIES 696,903 562,770
Creditors: Amounts Falling Due After More Than One Year 7 (114,986 ) (58,845 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (120,213 ) (71,545 )
NET ASSETS 461,704 432,380
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 461,604 432,280
SHAREHOLDERS' FUNDS 461,704 432,380
Page 1
Page 2
For the year ending 31 March 2026 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr John Martin
Director
16th September 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Asphalt Grid Systems Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04732561 . The registered office is Asphalt Grid Systems Limited, Butterthwaite Lane, Ecclesfield, Sheffield, S35 9WA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Cycle to work scheme 50% Straight Line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2025: 10)
11 10
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Cycle to work scheme Total
£ £ £ £ £
Cost
As at 1 April 2025 222,324 226,980 12,650 39,744 501,698
Additions 169,958 128,950 1,287 - 300,195
Disposals (23,765 ) (40,000 ) (4,546 ) - (68,311 )
As at 31 March 2026 368,517 315,930 9,391 39,744 733,582
Depreciation
As at 1 April 2025 59,854 88,687 5,922 38,408 192,871
Provided during the period 39,030 45,001 1,252 1,336 86,619
Disposals (2,450 ) (29,722 ) (2,866 ) - (35,038 )
As at 31 March 2026 96,434 103,966 4,308 39,744 244,452
Net Book Value
As at 31 March 2026 272,083 211,964 5,083 - 489,130
As at 1 April 2025 162,470 138,293 6,728 1,336 308,827
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5. Debtors
2026 2025
£ £
Due within one year
Trade debtors 164,552 149,596
Other debtors 578,942 517,625
743,494 667,221
6. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 73,723 48,378
Trade creditors 208,057 52,969
Bank loans and overdrafts 5,000 5,000
Other creditors 757,788 559,435
Taxation and social security 11,307 23,641
1,055,875 689,423
7. Creditors: Amounts Falling Due After More Than One Year
2026 2025
£ £
Net obligations under finance lease and hire purchase contracts 94,069 32,928
Bank loans 20,917 25,917
114,986 58,845
8. Obligations Under Finance Leases and Hire Purchase
2026 2025
£ £
The future minimum finance lease payments are as follows:
Not later than one year 73,723 48,378
Later than one year and not later than five years 94,069 32,928
167,792 81,306
167,792 81,306
9. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
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