Company registration number 11082326 (England and Wales)
ASSETSPHERE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
ASSETSPHERE LTD
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
£
£
£
£
Fixed assets
410,075
488,234
Current assets
220,778
451,347
Prepayments and accrued income
26,183
4,103
Creditors: amounts falling due within one year
(66,804)
(301,106)
Net current assets
180,157
154,344
Total assets less current liabilities
590,232
642,578
Creditors: amounts falling due after more than one year
-
0
(31,667)
Accruals and deferred income
(91,998)
(93,946)
Net assets
498,234
516,965
Capital and reserves
498,234
516,965
Notes to the financial statements
1
Directors' benefits: advances, credit and guarantees

The company made the following loans and advances to directors:

During the year £30,875 was advanced to a director and £55,556 was subsequently repaid. The balance owed by the director at the beginning of the year was £53,192 and at the end of the year the director owed £82,510. Interest of £985 was charged on the loan. The loan is unsecured and has no repayment terms.

2
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2023
2022
Number
Number
Employees
3
3
3
Going Concern

These Financial Statements are prepared on the going concern basis. The director has reasonable expectation on that the company will continue in operational existence for the foreseeable future. Thus the director will continue to adopt the going concern basis of accounting in preparing the financial statements.

Assetsphere Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 5 Hound Street, SHERBORNE, Dorset, DT9 3AB.

For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

ASSETSPHERE LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2023
31 March 2023
- 2 -

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 26 October 2023 and are signed on its behalf by:
Mr Richard Edge
Director
Company registration number 11082326 (England and Wales)
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