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REGISTERED NUMBER: 08109333 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

ASM DATACORE LIMITED

ASM DATACORE LIMITED (REGISTERED NUMBER: 08109333)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASM DATACORE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTOR: Mrs I Ray





REGISTERED OFFICE: Unit 12 Faraday Business Park
West Portway
Andover
Hampshire
SP10 3SA





REGISTERED NUMBER: 08109333 (England and Wales)






ASM DATACORE LIMITED (REGISTERED NUMBER: 08109333)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 21,000 28,000
Tangible assets 5 194,607 158,057
215,607 186,057

CURRENT ASSETS
Stocks 18,500 18,500
Debtors 6 117,144 87,568
Cash at bank 11 2
135,655 106,070
CREDITORS
Amounts falling due within one year 7 231,847 99,580
NET CURRENT (LIABILITIES)/ASSETS (96,192 ) 6,490
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,415

192,547

CREDITORS
Amounts falling due after more than one
year

8

58,693

162,342
NET ASSETS 60,722 30,205

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 60,622 30,105
SHAREHOLDERS' FUNDS 60,722 30,205

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

ASM DATACORE LIMITED (REGISTERED NUMBER: 08109333)

BALANCE SHEET - continued
31ST MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 10th November 2023 and were signed by:





Mrs I Ray - Director


ASM DATACORE LIMITED (REGISTERED NUMBER: 08109333)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

ASM Datacore 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.

The balance sheet shows that the company has net current liabilities of £96,192. The director has indicated a clear awareness of the situation and believes that preparation of the accounts on a going concern basis is appropriate.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021 will be amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 20% on cost and 10% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 balance sheet date.


ASM DATACORE LIMITED (REGISTERED NUMBER: 08109333)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2022
and 31st March 2023 35,000
AMORTISATION
At 1st April 2022 7,000
Charge for year 7,000
At 31st March 2023 14,000
NET BOOK VALUE
At 31st March 2023 21,000
At 31st March 2022 28,000

ASM DATACORE LIMITED (REGISTERED NUMBER: 08109333)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2022 256,817
Additions 57,350
At 31st March 2023 314,167
DEPRECIATION
At 1st April 2022 98,760
Charge for year 20,800
At 31st March 2023 119,560
NET BOOK VALUE
At 31st March 2023 194,607
At 31st March 2022 158,057

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 74,748 45,172
Other debtors 42,396 42,396
117,144 87,568

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 20,730 16,182
Hire purchase contracts 32,230 23,426
Trade creditors 18,233 6,400
Taxation and social security 30,896 10,674
Other creditors 129,758 42,898
231,847 99,580

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 17,196 17,963
Other creditors 41,497 144,379
58,693 162,342

ASM DATACORE LIMITED (REGISTERED NUMBER: 08109333)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 20,730 16,182
Hire purchase contracts 49,426 41,389
Other creditors 169,682 144,869
239,838 202,440