ASD BUILDERS LIMITED


Directors	DOWNS, Andrew Stephen
	DOWNS, David Peter
	DOWNS, Janet Lydia
	DOWNS, Susan Anne


Company Secretary	DOWNS, Andrew Stephen


Registered Address	1 Gemini Court
	42a Throwley Way
	Sutton
	SM1 4AF


Registered Number	03111395 (England and Wales)

Statement of Financial Position
28 February 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		131,664		142,933
Investment property	4		510,000		510,000
			641,664		652,933
Current assets
Debtors	5	8,514		6,305
Cash at bank and on hand		187,199		265,823
		195,713		272,128
Creditors amounts falling due within one year	6	(9,996)		(77,363)
Net current assets (liabilities)			185,717		194,765
Total assets less current liabilities			827,381		847,698
Provisions for liabilities	7		(111,261)		(112,446)
Net assets			716,120		735,252
Capital and reserves
Called up share capital			200		200
Revaluation reserve			381,277		291,277
Profit and loss account			334,643		443,775
Shareholders' funds			716,120		735,252

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 23 October 2026, and are signed on its behalf by:

DOWNS, David Peter
Director
Registered Company No. 03111395

ASD BUILDERS LIMITED

Notes to the Financial Statements
for the year ended 28 February 2026

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.

	Statement of compliance
	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.

Statement of compliance

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.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

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

	Turnover policy
	Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

	Revenue from rendering of services
	Revenue 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.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Current taxation
	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.

Current taxation

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 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.

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 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.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	26
Plant and machinery	25	-
Vehicles	25	-
Office Equipment	25	-

	Investment property
	Investment property represents the property at 26 Carshalton Road, CR4 4HJ. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors at the year end. The directors' valuation was made on an open market value basis by reference to market evidence of transactions prices for similar properties.

	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 balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	4		4

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 March 25	159,018	27,290	61,299	16,281	263,888
At 28 February 26	159,018	27,290	61,299	16,281	263,888
Depreciation and impairment
At 01 March 25	36,696	26,481	42,520	15,258	120,955
Charge for year	6,116	202	4,695	256	11,269
At 28 February 26	42,812	26,683	47,215	15,514	132,224
Net book value
At 28 February 26	116,206	607	14,084	767	131,664
At 28 February 25	122,322	809	18,779	1,023	142,933

4.	Investment property
	Investment property represents the property at 26 Carshalton Road, CR4 4HJ. The fair value of the investment property has been arrived at on the basis of a valuations carried out by the directors at the year end. The directors' valuation was made on an open market value basis by reference to market evidence of transactions prices for similar properties.


		£
	Fair value at 01 March 25	510,000
	At 28 February 26	510,000

5.	Debtors: amounts due within one year

	2026	2025
	£	£
Other debtors	8,514	6,305
Total	8,514	6,305

6.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	221	3,455
Taxation and social security	4,398	8,367
Other creditors	4,244	65,541
Accrued liabilities and deferred income	1,133	-
Total	9,996	77,363

7.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	111,261	112,446
Total	111,261	112,446