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REGISTERED NUMBER: 05328270 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Asdor 2 Limited

Asdor 2 Limited (Registered number: 05328270)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Asdor 2 Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: A D Gibson





REGISTERED OFFICE: Park House
37 Clarence Street
Leicester
LE1 3RW





BUSINESS ADDRESS: 65A Newbold Road
Barlestone
Nuneaton
Warwickshire
CV13 0DY





REGISTERED NUMBER: 05328270 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Asdor 2 Limited (Registered number: 05328270)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 819,124 796,473

CURRENT ASSETS
Debtors 5 496,773 269,443
Cash at bank 102,936 156,863
599,709 426,306
CREDITORS
Amounts falling due within one year 6 (516,609 ) (448,267 )
NET CURRENT ASSETS/(LIABILITIES) 83,100 (21,961 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

902,224

774,512

CREDITORS
Amounts falling due after more than one
year

7

(421,614

)

(379,867

)

PROVISIONS FOR LIABILITIES (197,857 ) (145,513 )
NET ASSETS 282,753 249,132

CAPITAL AND RESERVES
Called up share capital 194 194
Retained earnings 282,559 248,938
SHAREHOLDERS' FUNDS 282,753 249,132

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 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.

Asdor 2 Limited (Registered number: 05328270)

Balance Sheet - 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.

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

The financial statements were approved by the director and authorised for issue on 21 September 2023 and were signed by:





A D Gibson - Director


Asdor 2 Limited (Registered number: 05328270)

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

1. STATUTORY INFORMATION

Asdor 2 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.

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.
Improvements to property - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Asdor 2 Limited (Registered number: 05328270)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

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

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2022 - 24 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2022 36,482 29,700 3,775
Additions - 539 -
Disposals - - -
At 31 January 2023 36,482 30,239 3,775
DEPRECIATION
At 1 February 2022 5,782 11,506 396
Charge for year 3,070 4,651 844
Eliminated on disposal - - -
At 31 January 2023 8,852 16,157 1,240
NET BOOK VALUE
At 31 January 2023 27,630 14,082 2,535
At 31 January 2022 30,700 18,194 3,379

Asdor 2 Limited (Registered number: 05328270)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2022 1,422,331 3,971 1,496,259
Additions 301,450 441 302,430
Disposals (85,166 ) - (85,166 )
At 31 January 2023 1,638,615 4,412 1,713,523
DEPRECIATION
At 1 February 2022 679,209 2,893 699,786
Charge for year 246,374 472 255,411
Eliminated on disposal (60,798 ) - (60,798 )
At 31 January 2023 864,785 3,365 894,399
NET BOOK VALUE
At 31 January 2023 773,830 1,047 819,124
At 31 January 2022 743,122 1,078 796,473

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 362,420 236,920
Other debtors 134,353 32,523
496,773 269,443

Other debtors includes prepayments and accrued income of £19,673 (2022: £8,723).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 20,000 20,000
Hire purchase contracts 264,772 218,599
Trade creditors 104,414 71,206
Taxation and social security 117,415 104,376
Other creditors 10,008 34,086
516,609 448,267

Other creditors includes accruals and deferred income of £6,250 (2022: £31,584).

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.23 31.1.22
£    £   
Bank loans 46,667 66,667
Hire purchase contracts 374,947 313,200
421,614 379,867

Asdor 2 Limited (Registered number: 05328270)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Hire purchase contracts 639,719 531,799

Hire purchase liabilities are secured on the individual assets being so acquired.

9. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £352,534 (2022: £75,000).