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REGISTERED NUMBER: SC360825 (Scotland)














Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Asset One Ltd

Asset One Ltd (Registered number: SC360825)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Asset One Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: E Mckay





SECRETARY:





REGISTERED OFFICE: 1 South Caldeen Road
Coatbridge
North Lanarkshire
ML5 4EG





REGISTERED NUMBER: SC360825 (Scotland)





ACCOUNTANTS: Gordon Ferguson & Co Ltd
76 Hamilton Road
Motherwell
Lanarkshire
ML1 3BY

Asset One Ltd (Registered number: SC360825)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £   
CURRENT ASSETS
Debtors 4 949,240 778,802
Cash at bank 241,199 362,688
1,190,439 1,141,490
CREDITORS
Amounts falling due within one year 5 65,774 39,406
NET CURRENT ASSETS 1,124,665 1,102,084
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,124,665

1,102,084

CREDITORS
Amounts falling due after more than one
year

6

963,053

1,009,820
NET ASSETS 161,612 92,264

CAPITAL AND RESERVES
Called up share capital 1,004 1,004
Retained earnings 160,608 91,260
161,612 92,264

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 31 August 2023 and were signed by:





E Mckay - Director


Asset One Ltd (Registered number: SC360825)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Asset One Ltd is a private company, limited by shares , registered in Scotland. 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.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Other debtors 949,240 778,802

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 10,648 10,648
Taxation and social security 17,111 15,533
Other creditors 38,015 13,225
65,774 39,406

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 19,242 29,002
Other creditors 943,811 980,818
963,053 1,009,820