Ash Drywall Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06553191 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2019

FOR

ASH DRYWALL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D M Ash

Mrs C Ash

I A Wallace

S R Jones

P C Sumpter

SECRETARY:

Mrs C Ash

REGISTERED OFFICE:

Unit 1

Ghyll Road Industrial Estate

Heathfield

East Sussex

TN21 8AW

REGISTERED NUMBER:

06553191 (England and Wales)

AUDITORS:

Watson Associates (Audit Services) Ltd

Statutory Auditor

30 - 34 North Street

Hailsham

East Sussex

BN27 1DW

FIXED ASSETS

Investments

3

2,731,798

2,731,798

CREDITORS

Amounts falling due within one year

4

(1,231,798

)

(1,381,798

)

NET CURRENT LIABILITIES

(1,231,798

)

(1,381,798

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,500,000

1,350,000

CAPITAL AND RESERVES

Called up share capital

5

53

53

Share premium

1,349,947

1,349,947

Retained earnings

150,000

-

SHAREHOLDERS' FUNDS

1,500,000

1,350,000

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 13 January 2020 and were signed on its behalf by:

D M Ash - Director

1.	STATUTORY INFORMATION

Ash Drywall Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information

page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,

except to the extent that it relates to items recognised in other comprehensive income or directly in

equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the year end and that are

expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable

that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 May 2018

and 30 April 2019

2,731,798

NET BOOK VALUE

At 30 April 2019

2,731,798

At 30 April 2018

2,731,798

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Amounts owed to group undertakings

1,123,921

1,273,921

Other creditors

107,877

107,877

1,231,798

1,381,798

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

44

Ordinary 'A'

£1

44

44

3

Ordinary 'B'

£1

3

3

3

Ordinary 'C'

£1

3

3

1

Ordinary 'D'

£1

1

1

1

Ordinary 'E'

£1

1

1

1

Ordinary 'F'

£1

1

1

53

53

On 1 March 2009 the issued share capital of the company was reclassified as follows; 6 Ordinary 'A'

shares were reclassified as 3 Ordinary 'B' shares and 3 Ordinary 'C' shares. The original Ordinary 'B'

share was reclassified as an Ordinary 'D' share. The original Ordinary 'C' share was reclassified as an

Ordinary 'E' share. The original Ordinary 'D' share was reclassified as an Ordinary 'F' share.

The 'B', 'C', 'D', 'E' and 'F' shares do not have voting rights or rights to any distribution on winding up

but rank pari passu with the ordinary 'A' shares in all other respects.

6.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Stephen James Moore (Senior Statutory Auditor)

for and on behalf of Watson Associates (Audit Services) Ltd

7.	RELATED PARTY DISCLOSURES

8.	APB ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and

submit returns to the tax authorities and assist with the preparation of the financial statements.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is its directors..

Who own a beneficial interest in 100% of the issued share capital with voting rights.