Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-282023-05-03The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1false2022-03-01No description of principal activity1truetrue 09984962 2022-03-01 2023-02-28 09984962 2021-03-01 2022-02-28 09984962 2023-02-28 09984962 2022-02-28 09984962 c:Director1 2022-03-01 2023-02-28 09984962 d:CurrentFinancialInstruments 2023-02-28 09984962 d:CurrentFinancialInstruments 2022-02-28 09984962 c:FRS102 2022-03-01 2023-02-28 09984962 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 09984962 c:FullAccounts 2022-03-01 2023-02-28 09984962 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 iso4217:GBP xbrli:pure

Registered number: 09984962










ASII KENT LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
ASII KENT LTD
REGISTERED NUMBER: 09984962

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
£
£


Current assets
147,039
116,802

Creditors: amounts falling due within one year
(138,018)
(107,314)

Net current assets
 
 
9,021
 
 
9,488

Total assets less current liabilities
9,021
9,488


Net assets
9,021
9,488



Capital and reserves
9,021
9,488


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 3 May 2023.




Dr Imran Ali
Director

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
ASII KENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Enter user text here... 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Page 2

 
ASII KENT LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Debtors

2023
2022
£
£


Other debtors
95,998
96,791

95,998
96,791



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
51,041
20,011

51,041
20,011



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
211
-

Other creditors
136,807
106,314

Accruals and deferred income
1,000
1,000

138,018
107,314


 
Page 3