2022-09-012023-08-312023-08-31false10935835Asset Mills Ltd2023-11-01iso4217:GBPxbrli:pure109358352022-09-01109358352023-08-31109358352022-09-012023-08-31109358352021-09-01109358352022-08-31109358352021-09-012022-08-3110935835bus:SmallEntities2022-09-012023-08-3110935835bus:AuditExempt-NoAccountantsReport2022-09-012023-08-3110935835bus:FullAccounts2022-09-012023-08-3110935835bus:PrivateLimitedCompanyLtd2022-09-012023-08-3110935835core:WithinOneYear2023-08-3110935835core:AfterOneYear2023-08-3110935835core:WithinOneYear2022-08-3110935835core:AfterOneYear2022-08-3110935835core:ShareCapital2023-08-3110935835core:SharePremium2023-08-3110935835core:RevaluationReserve2023-08-3110935835core:OtherReservesSubtotal2023-08-3110935835core:RetainedEarningsAccumulatedLosses2023-08-3110935835core:ShareCapital2022-08-3110935835core:SharePremium2022-08-3110935835core:RevaluationReserve2022-08-3110935835core:OtherReservesSubtotal2022-08-3110935835core:RetainedEarningsAccumulatedLosses2022-08-3110935835core:LandBuildings2023-08-3110935835core:PlantMachinery2023-08-3110935835core:Vehicles2023-08-3110935835core:FurnitureFittings2023-08-3110935835core:OfficeEquipment2023-08-3110935835core:NetGoodwill2023-08-3110935835core:IntangibleAssetsOtherThanGoodwill2023-08-3110935835core:ListedExchangeTraded2023-08-3110935835core:UnlistedNon-exchangeTraded2023-08-3110935835core:LandBuildings2022-08-3110935835core:PlantMachinery2022-08-3110935835core:Vehicles2022-08-3110935835core:FurnitureFittings2022-08-3110935835core:OfficeEquipment2022-08-3110935835core:NetGoodwill2022-08-3110935835core:IntangibleAssetsOtherThanGoodwill2022-08-3110935835core:ListedExchangeTraded2022-08-3110935835core:UnlistedNon-exchangeTraded2022-08-3110935835core:LandBuildings2022-09-012023-08-3110935835core:PlantMachinery2022-09-012023-08-3110935835core:Vehicles2022-09-012023-08-3110935835core:FurnitureFittings2022-09-012023-08-3110935835core:OfficeEquipment2022-09-012023-08-3110935835core:NetGoodwill2022-09-012023-08-3110935835core:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-3110935835core:ListedExchangeTraded2022-09-012023-08-3110935835core:UnlistedNon-exchangeTraded2022-09-012023-08-3110935835core:MoreThanFiveYears2022-09-012023-08-3110935835core:Non-currentFinancialInstruments2023-08-3110935835core:Non-currentFinancialInstruments2022-08-3110935835dpl:CostSales2022-09-012023-08-3110935835dpl:DistributionCosts2022-09-012023-08-3110935835core:LandBuildings2022-09-012023-08-3110935835core:PlantMachinery2022-09-012023-08-3110935835core:Vehicles2022-09-012023-08-3110935835core:FurnitureFittings2022-09-012023-08-3110935835core:OfficeEquipment2022-09-012023-08-3110935835dpl:AdministrativeExpenses2022-09-012023-08-3110935835core:NetGoodwill2022-09-012023-08-3110935835core:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-3110935835dpl:GroupUndertakings2022-09-012023-08-3110935835dpl:ParticipatingInterests2022-09-012023-08-3110935835dpl:GroupUndertakingscore:ListedExchangeTraded2022-09-012023-08-3110935835core:ListedExchangeTraded2022-09-012023-08-3110935835dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-09-012023-08-3110935835core:UnlistedNon-exchangeTraded2022-09-012023-08-3110935835dpl:CostSales2021-09-012022-08-3110935835dpl:DistributionCosts2021-09-012022-08-3110935835core:LandBuildings2021-09-012022-08-3110935835core:PlantMachinery2021-09-012022-08-3110935835core:Vehicles2021-09-012022-08-3110935835core:FurnitureFittings2021-09-012022-08-3110935835core:OfficeEquipment2021-09-012022-08-3110935835dpl:AdministrativeExpenses2021-09-012022-08-3110935835core:NetGoodwill2021-09-012022-08-3110935835core:IntangibleAssetsOtherThanGoodwill2021-09-012022-08-3110935835dpl:GroupUndertakings2021-09-012022-08-3110935835dpl:ParticipatingInterests2021-09-012022-08-3110935835dpl:GroupUndertakingscore:ListedExchangeTraded2021-09-012022-08-3110935835core:ListedExchangeTraded2021-09-012022-08-3110935835dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-09-012022-08-3110935835core:UnlistedNon-exchangeTraded2021-09-012022-08-3110935835core:NetGoodwill2023-08-3110935835core:IntangibleAssetsOtherThanGoodwill2023-08-3110935835core:LandBuildings2023-08-3110935835core:PlantMachinery2023-08-3110935835core:Vehicles2023-08-3110935835core:FurnitureFittings2023-08-3110935835core:OfficeEquipment2023-08-3110935835core:AfterOneYear2023-08-3110935835core:WithinOneYear2023-08-3110935835core:ListedExchangeTraded2023-08-3110935835core:UnlistedNon-exchangeTraded2023-08-3110935835core:ShareCapital2023-08-3110935835core:SharePremium2023-08-3110935835core:RevaluationReserve2023-08-3110935835core:OtherReservesSubtotal2023-08-3110935835core:RetainedEarningsAccumulatedLosses2023-08-3110935835core:NetGoodwill2022-08-3110935835core:IntangibleAssetsOtherThanGoodwill2022-08-3110935835core:LandBuildings2022-08-3110935835core:PlantMachinery2022-08-3110935835core:Vehicles2022-08-3110935835core:FurnitureFittings2022-08-3110935835core:OfficeEquipment2022-08-3110935835core:AfterOneYear2022-08-3110935835core:WithinOneYear2022-08-3110935835core:ListedExchange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Asset Mills Ltd

Registered Number
10935835
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2023

Asset Mills Ltd
Company Information
for the year from 1 September 2022 to 31 August 2023

Director

DESOUKY, Khalid Farouk

Registered Address

Unit 44 Halliwell Industrial Estate
Rossini Street
Bolton
BL1 8DL

Registered Number

10935835 (England and Wales)
Asset Mills Ltd
Balance Sheet as at
31 August 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets61,2502,876
1,2502,876
Current assets
Stocks7123,43876,026
Debtors860,0023,010
Cash at bank and on hand6,00224,770
189,442103,806
Creditors amounts falling due within one year9(127,912)(5,827)
Net current assets (liabilities)61,53097,979
Total assets less current liabilities62,780100,855
Creditors amounts falling due after one year10(50,555)(103,729)
Net assets12,225(2,874)
Capital and reserves
Called up share capital11
Profit and loss account12,224(2,875)
Shareholders' funds12,225(2,874)
The financial statements were approved and authorised for issue by the Director on 1 November 2023, and are signed on its behalf by:
DESOUKY, Khalid Farouk
Director
Registered Company No. 10935835
Asset Mills Ltd
Notes to the Financial Statements
for the year ended 31 August 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principle activity of the company during the year under review was continued to be non-specialized wholesale trade.
4.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20232022
Average number of employees during the year24
6.Property, plant and equipment

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 September 225,0001,5056,505
At 31 August 235,0001,5056,505
Depreciation and impairment
At 01 September 222,5001,1293,629
Charge for year1,2503761,626
At 31 August 233,7501,5055,255
Net book value
At 31 August 231,250-1,250
At 31 August 222,5003762,876
7.Stocks

2023

2022

££
Finished goods123,43876,026
Total123,43876,026
8.Debtors

2023

2022

££
Other debtors60,0023,010
Total60,0023,010
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
9.Creditors within one year

2023

2022

££
Trade creditors / trade payables23,3111,212
Bank borrowings and overdrafts4,6541,628
Taxation and social security31,104903
Other creditors68,8432,084
Total127,9125,827
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
10.Creditors after one year

2023

2022

££
Other creditors50,555103,729
Total50,555103,729