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REGISTERED NUMBER: 11161662 (England and Wales)















ASG Services (South West) Limited

Unaudited Financial Statements for the Year Ended 31 January 2023






ASG Services (South West) Limited (Registered number: 11161662)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


ASG Services (South West) Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: A M Gulliford
Ms S D Ravenor



REGISTERED OFFICE: 4 King Square
Bridgwater
Somerset
TA6 3YF



REGISTERED NUMBER: 11161662 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: Santander UK
Bridle Road
Bootle
Merseyside
L30 4GB

ASG Services (South West) Limited (Registered number: 11161662)

Abridged Statement of Financial Position
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 68,691 50,220

CURRENT ASSETS
Debtors 6,922 19,164
Cash at bank 10,030 14,512
16,952 33,676
CREDITORS
Amounts falling due within one year 158,762 125,746
NET CURRENT LIABILITIES (141,810 ) (92,070 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(73,119

)

(41,850

)

CREDITORS
Amounts falling due after more than one
year

(1,933

)

(2,733

)

PROVISIONS FOR LIABILITIES 7 (13,051 ) (9,542 )
NET LIABILITIES (88,103 ) (54,125 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings (88,203 ) (54,225 )
SHAREHOLDERS' FUNDS (88,103 ) (54,125 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

ASG Services (South West) Limited (Registered number: 11161662)

Abridged Statement of Financial Position - continued
31 January 2023


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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 January 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 9 October 2023 and were signed on its behalf by:





Ms S D Ravenor - Director


ASG Services (South West) Limited (Registered number: 11161662)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

ASG Services (South West) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The going concern basis has been used for the preparation of the financial statements, because of the continuing support of the directors, who are the company's main creditors.

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 reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - Straight line over 3 years

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

ASG Services (South West) Limited (Registered number: 11161662)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2022 73,087
Additions 41,422
At 31 January 2023 114,509
DEPRECIATION
At 1 February 2022 22,867
Charge for year 22,951
At 31 January 2023 45,818
NET BOOK VALUE
At 31 January 2023 68,691
At 31 January 2022 50,220

6. LOANS

An analysis of the maturity of loans is given below:

31.1.23 31.1.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 800 800

Amounts falling due between one and two years:
Bank loans 800 800

Amounts falling due between two and five years:
Bank loans 1,133 1,933

7. PROVISIONS FOR LIABILITIES
31.1.23 31.1.22
£    £   
Deferred tax 13,051 9,542

Deferred
tax
£   
Balance at 1 February 2022 9,542
Provided during year 3,509
Balance at 31 January 2023 13,051

ASG Services (South West) Limited (Registered number: 11161662)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
50 A Ordinary £1 50 50
50 B Ordinary £1 50 50
100 100

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A M Gulliford & Ms S D Ravenor.