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Company Registration No. 04963599 (England and Wales)
ASK Technology Limited Unaudited accounts for the year ended 30 November 2023
ASK Technology Limited Unaudited accounts Contents
Page
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ASK Technology Limited Company Information for the year ended 30 November 2023
Directors
A K Clisby S Jones K S Pearson
Company Number
04963599 (England and Wales)
Registered Office
Unit 11 Grafton Way West Ham Industrial Estate Basingstoke Hampshire RG22 6HY
Accountants
Woods Russell Limited First Floor Unit S Loddon Business Centre Roentgen Road Basingstoke RG24 8NG
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ASK Technology Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
211,278 
298,610 
Current assets
Inventories
286,511 
300,811 
Debtors
1,540,450 
900,123 
Cash at bank and in hand
2,807,335 
1,480,909 
4,634,296 
2,681,843 
Creditors: amounts falling due within one year
(3,447,496)
(2,097,177)
Net current assets
1,186,800 
584,666 
Total assets less current liabilities
1,398,078 
883,276 
Creditors: amounts falling due after more than one year
(29,343)
(258,629)
Provisions for liabilities
Deferred tax
(47,377)
(51,691)
Net assets
1,321,358 
572,956 
Capital and reserves
Called up share capital
36,000 
36,000 
Capital redemption reserve
4,000 
4,000 
Profit and loss account
1,281,358 
532,956 
Shareholders' funds
1,321,358 
572,956 
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2024 and were signed on its behalf by
A K Clisby Director Company Registration No. 04963599
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ASK Technology Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
ASK Technology Limited is a private company, limited by shares, registered in England and Wales, registration number 04963599. The registered office is Unit 11 Grafton Way, West Ham Industrial Estate, Basingstoke, Hampshire, RG22 6HY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% Straight Line
Plant & machinery
20% Straight Line
Computer equipment
20% Straight Line
Other tangible fixed assets
20% Straight Line
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
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ASK Technology Limited Notes to the Accounts for the year ended 30 November 2023
Financial instruments
The company only enters into basic financial instrument transactions that result in recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and related parties.
Debtors and Creditors
Short term debtors are measured at the transaction price less any impairment. Short term creditors are measured at transaction price.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2022
46,201 
832,706 
76,405 
955,312 
Additions
- 
4,945 
4,915 
9,860 
At 30 November 2023
46,201 
837,651 
81,320 
965,172 
Depreciation
At 1 December 2022
42,365 
549,552 
64,785 
656,702 
Charge for the year
1,747 
87,216 
8,229 
97,192 
At 30 November 2023
44,112 
636,768 
73,014 
753,894 
Net book value
At 30 November 2023
2,089 
200,883 
8,306 
211,278 
At 30 November 2022
3,836 
283,154 
11,620 
298,610 
2023 
2022 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Plant & machinery
131,576 
136,324 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,404,211 
873,663 
Accrued income and prepayments
136,239 
26,460 
1,540,450 
900,123 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
52,417 
69,829 
Trade creditors
446,430 
247,480 
Taxes and social security
452,531 
172,683 
Other creditors
319,564 
261,838 
Loans from directors
2,176,554 
1,345,347 
3,447,496 
2,097,177 
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ASK Technology Limited Notes to the Accounts for the year ended 30 November 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
29,343 
71,129 
Other creditors
- 
187,500 
29,343 
258,629 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
30,000 Ordinary A shares of £1 each
30,000 
30,000 
6,000 Ordinary B shares of £1 each
6,000 
6,000 
36,000 
36,000 
9
Capital commitments
2023 
2022 
£ 
£ 
Amounts contracted but not provided for in the accounts
266,250 
- 
The company has contracted into £266,250 of leasehold improvements to be undertaken after the balance sheet date.
10
Operating lease commitments
2023 
2022 
£ 
£ 
At 30 November 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
175,281 
- 
11
Average number of employees
During the year the average number of employees was 47 (2022: 38).
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