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REGISTERED NUMBER: 04959573 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 November 2021

for

Asset Energy Limited

Asset Energy Limited (Registered number: 04959573)






Contents of the Financial Statements
for the Year Ended 30 November 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Asset Energy Limited

Company Information
for the Year Ended 30 November 2021







DIRECTOR: N B M Harrison





SECRETARY: Mrs A E Harrison





REGISTERED OFFICE: 12 Acorn Business Park
Northarbour Road
Portsmouth
Hampshire
PO6 3TH





REGISTERED NUMBER: 04959573 (England and Wales)





ACCOUNTANTS: Hughes Spencer
12 Acorn Business Park
Northarbour Road
Portsmouth
Hampshire
PO6 3TH

Asset Energy Limited (Registered number: 04959573)

Balance Sheet
30 November 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 357 446

CURRENT ASSETS
Debtors 5 73,708 73,694
Cash at bank 50,033 52,523
123,741 126,217
CREDITORS
Amounts falling due within one year 6 32,642 33,203
NET CURRENT ASSETS 91,099 93,014
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,456

93,460

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 91,356 93,360
SHAREHOLDERS' FUNDS 91,456 93,460

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 director and authorised for issue on 8 August 2022 and were signed by:





N B M Harrison - Director


Asset Energy Limited (Registered number: 04959573)

Notes to the Financial Statements
for the Year Ended 30 November 2021

1. STATUTORY INFORMATION

Asset Energy 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 December 2020
and 30 November 2021 4,100 779 1,726 6,605
DEPRECIATION
At 1 December 2020 3,710 723 1,726 6,159
Charge for year 78 11 - 89
At 30 November 2021 3,788 734 1,726 6,248
NET BOOK VALUE
At 30 November 2021 312 45 - 357
At 30 November 2020 390 56 - 446

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 73,708 73,694

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Taxation and social security - 96
Other creditors 32,642 33,107
32,642 33,203

Asset Energy Limited (Registered number: 04959573)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N B M Harrison.