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REGISTERED NUMBER: 11449510 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 July 2022

for

Asset Office Interiors Ltd

Asset Office Interiors Ltd (Registered number: 11449510)

Contents of the Financial Statements
for the Year Ended 31 July 2022










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Asset Office Interiors Ltd

Company Information
for the Year Ended 31 July 2022







DIRECTORS: L A Wicks
Mrs G E Wicks





REGISTERED OFFICE: 92 Park Street
Camberley
Surrey
GU15 3NY





REGISTERED NUMBER: 11449510 (England and Wales)





ACCOUNTANTS: Butt Miller
Chartered Accountants
92 Park Street
Camberley
Surrey
GU15 3NY

Asset Office Interiors Ltd (Registered number: 11449510)

Statement of Financial Position
31 July 2022

2022 2021
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,048 15,932

CURRENT ASSETS
Debtors 5 3,992 87,061
Cash at bank 4,232 116,988
8,224 204,049
CREDITORS
Amounts falling due within one year 6 (22,699 ) (184,835 )
NET CURRENT (LIABILITIES)/ASSETS (14,475 ) 19,214
TOTAL ASSETS LESS CURRENT
LIABILITIES

(11,427

)

35,146

CREDITORS
Amounts falling due after more than one
year

7

(29,097

)

(38,885

)

PROVISIONS FOR LIABILITIES (579 ) (3,027 )
NET LIABILITIES (41,103 ) (6,766 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (41,203 ) (6,866 )
(41,103 ) (6,766 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Asset Office Interiors Ltd (Registered number: 11449510)

Statement of Financial Position - continued
31 July 2022


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 2 September 2022 and were signed on its behalf by:





L A Wicks - Director


Asset Office Interiors Ltd (Registered number: 11449510)

Notes to the Financial Statements
for the Year Ended 31 July 2022


1. STATUTORY INFORMATION

Asset Office Interiors Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 33.33% on cost
Computer equipment - 25% on cost

Government grants
Grants comprise amounts received under the Government's Job Retention Scheme and Business Interruption Loan Agreements and are recognised in the Income Statement once the relevant performance conditions have been met.

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 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 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.

Asset Office Interiors Ltd (Registered number: 11449510)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2022


2. ACCOUNTING POLICIES - continued

Hire purchase and operating leases
Assets obtained under hire purchase contracts are capitalised in the Statement of Financial Position. Those held under hire purchase contracts are depreciated over their estimated useful lives.

The interest element of these obligations is charged to the Income Statement over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

Going concern
After making enquiries, the directors have a reasonable expectation that the company have adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2021
and 31 July 2022 3,014 526 31,220 6,788 41,548
DEPRECIATION
At 1 August 2021 1,263 88 20,634 3,631 25,616
Charge for year 753 131 10,303 1,697 12,884
At 31 July 2022 2,016 219 30,937 5,328 38,500
NET BOOK VALUE
At 31 July 2022 998 307 283 1,460 3,048
At 31 July 2021 1,751 438 10,586 3,157 15,932

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors - 1,865
Other debtors - 108
Tax 3,785 -
VAT 207 -
Prepayments and accrued income - 85,088
3,992 87,061

Asset Office Interiors Ltd (Registered number: 11449510)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2022


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 9,788 9,547
Hire purchase contracts - 8,806
Trade creditors 527 23,433
Tax - 9,438
VAT - 29,797
Other creditors - 980
Directors' current accounts 12,384 6,404
Accrued expenses - 96,430
22,699 184,835

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans - 1-2 years 10,035 9,788
Bank loans - 2-5 years 19,062 29,097
29,097 38,885

8. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Hire purchase contracts - 8,806

The hire purchase contracts were secured on the assets held under these contracts.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2022 and 31 July 2021:

2022 2021
£    £   
L A Wicks and Mrs G E Wicks
Balance outstanding at start of year (6,404 ) (21,232 )
Amounts advanced 11,723 17,134
Amounts repaid (17,703 ) (2,306 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (12,384 ) (6,404 )

The above loan is unsecured, interest free and repayable on demand.