Acorah Software Products - Accounts Production 16.6.950 false true 31 May 2024 1 June 2023 false 1 June 2024 31 May 2025 31 May 2025 04172757 Mr David Davies Mr RICHARD DAVIES Ms Debora Davies iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 04172757 2024-05-31 04172757 2025-05-31 04172757 2024-06-01 2025-05-31 04172757 frs-core:CurrentFinancialInstruments 2025-05-31 04172757 frs-core:Non-currentFinancialInstruments 2025-05-31 04172757 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2025-05-31 04172757 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-06-01 2025-05-31 04172757 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-05-31 04172757 frs-core:MotorVehicles 2025-05-31 04172757 frs-core:MotorVehicles 2024-06-01 2025-05-31 04172757 frs-core:MotorVehicles 2024-05-31 04172757 frs-core:PlantMachinery 2025-05-31 04172757 frs-core:PlantMachinery 2024-06-01 2025-05-31 04172757 frs-core:PlantMachinery 2024-05-31 04172757 frs-core:ShareCapital 2025-05-31 04172757 frs-core:RetainedEarningsAccumulatedLosses 2025-05-31 04172757 frs-bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 04172757 frs-bus:FilletedAccounts 2024-06-01 2025-05-31 04172757 frs-bus:SmallEntities 2024-06-01 2025-05-31 04172757 frs-bus:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 04172757 frs-bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 04172757 frs-bus:Director1 2024-06-01 2025-05-31 04172757 frs-bus:Director2 2024-06-01 2025-05-31 04172757 frs-bus:Director3 2024-06-01 2025-05-31 04172757 frs-countries:EnglandWales 2024-06-01 2025-05-31 04172757 2023-05-31 04172757 2024-05-31 04172757 2023-06-01 2024-05-31 04172757 frs-core:CurrentFinancialInstruments 2024-05-31 04172757 frs-core:Non-currentFinancialInstruments 2024-05-31 04172757 frs-core:ShareCapital 2024-05-31 04172757 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31
Registered number: 04172757
Ashvale Contracting Limited
Unaudited Financial Statements
For The Year Ended 31 May 2025
31 Church Street
Bishops Castle
Shropshire
SY9 5AD
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04172757
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 314,675 91,275
314,675 91,275
CURRENT ASSETS
Stocks 5 972,352 337,129
Debtors 6 15,167 340,941
Cash at bank and in hand 154,411 627,950
1,141,930 1,306,020
Creditors: Amounts Falling Due Within One Year 7 (96,973 ) (180,698 )
NET CURRENT ASSETS (LIABILITIES) 1,044,957 1,125,322
TOTAL ASSETS LESS CURRENT LIABILITIES 1,359,632 1,216,597
Creditors: Amounts Falling Due After More Than One Year 8 (334,047 ) (326,007 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (22,183 ) (4,295 )
NET ASSETS 1,003,402 886,295
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 1,003,302 886,195
SHAREHOLDERS' FUNDS 1,003,402 886,295
Page 1
Page 2
For the year ending 31 May 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 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 David Davies
Director
19/11/2025
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
Ashvale Contracting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04172757 . The registered office is 23 CHARLTON ROSE, LUDLOW, SHROPSHIRE, SY8 1ND.
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:
Freehold No depreciation
Plant & Machinery 25%
Motor Vehicles 25%
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the  was:year 4 (2024: 4)
4 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 June 2024 - 141,483 126,258 267,741
Additions 232,316 10,919 6,000 249,235
Disposals - - (4,459 ) (4,459 )
As at 31 May 2025 232,316 152,402 127,799 512,517
Depreciation
As at 1 June 2024 - 103,209 73,257 176,466
Provided during the period - 12,122 12,764 24,886
Disposals - - (3,510 ) (3,510 )
As at 31 May 2025 - 115,331 82,511 197,842
Net Book Value
As at 31 May 2025 232,316 37,071 45,288 314,675
As at 1 June 2024 - 38,274 53,001 91,275
5. Stocks
2025 2024
£ £
Finished goods 972,352 337,129
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors - 332,402
Other debtors 15,167 8,539
15,167 340,941
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 3,685 36,687
Amounts owed to participating interests 39,800 14,800
Other creditors 3,635 4,750
Taxation and social security 49,853 124,461
96,973 180,698
Page 4
Page 5
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Other creditors 334,047 326,007
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 5