Ashwood Homes Contracting Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 13080796 (England and Wales)

ASHWOOD HOMES CONTRACTING LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD

14 DECEMBER 2020 TO 30 JUNE 2021

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

A J King

Mrs J King

REGISTERED OFFICE:

1 Goodison Road

Lincs Gateway Business Park

Spalding

Lincolnshire

PE12 6FY

REGISTERED NUMBER:

13080796 (England and Wales)

SENIOR STATUTORY AUDITOR:

Edward Napper BSc FCA

AUDITORS:

Peters Elworthy & Moore

Salisbury House

Station Road

Cambridge

Cambridgeshire

CB1 2LA

CURRENT ASSETS

Debtors

4

287,770

Cash at bank

157,126

444,896

CREDITORS

Amounts falling due within one year

5

377,941

NET CURRENT ASSETS

66,955

TOTAL ASSETS LESS CURRENT LIABILITIES

66,955

CAPITAL AND RESERVES

Called up share capital

6

1

Retained earnings

66,954

SHAREHOLDERS' FUNDS

66,955

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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 December 2021 and were signed on its behalf by:

A J King - Director

1.	STATUTORY INFORMATION

Ashwood Homes Contracting 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

These financial statements contain information about Ashwood Homes Contracting Limited as an individual company. The company is included by full consolidation within the consolidated financial statements of Ashley King Group Limited, the company's ultimate parent.

The registered office of Ashley King Group Limited is 1 Goodison Road, Lincs Gateway Business Park, Spalding, Lincolnshire. PE12 6FY.

Consolidated financial statements can be obtained from the above address.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue

Revenue is recognised when the outcome of a long-term construction contract can be estimated reliably. Contract costs and turnover are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to monthly certification of work in progress.

Where the outcome cannot be measured reliably, contract costs are recognised as an expense in the period in which they are incurred and contract turnover is recognised to the extent of costs incurred that it is probable will be recoverable.

When it is probable that contract costs will exceed the total contract turnover, the expected loss is recognised as an expense immediately, with a corresponding provision.

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

249,102

Other debtors

28,357

Prepayments and accrued income

10,311

287,770

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

222,981

Amounts owed to group undertakings

17,471

Other taxes and social security

8,402

Other creditors

118,767

Accruals and deferred income

10,320

377,941

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1

Ordinary

£1

1

1 Ordinary share of £1 was allotted and fully paid for cash at par during the period.

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

The Report of the Auditors was unqualified.

Edward Napper BSc FCA (Senior Statutory Auditor)

for and on behalf of Peters Elworthy & Moore

8.	IMMEDIATE PARENT COMPANY AND ULTIMATE HOLDING COMPANY

At the year end, the immediate parent company is Ashley King (Developments) Limited. The ultimate holding company is Ashley King Group Limited, a company registered in the United Kingdom.

The only group of undertakings for which group financial statements are drawn up and of which this company is a member is Ashley King Group Limited.

Copies of group accounts can be obtained from the registered office at 1 Goodison Road, Lincs Gateway Business Park, Spalding, Lincolnshire. PE12 6FY.