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REGISTERED NUMBER: SC338374 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

ASC Communications Limited

ASC Communications Limited (Registered number: SC338374)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

ASC Communications Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr N D Collie
Mrs J B Collie





SECRETARY: Burnett & Reid





REGISTERED OFFICE: Suite A, Ground FLoor
9 Queen's Road
Aberdeen
AB15 4YL





REGISTERED NUMBER: SC338374 (Scotland)





ACCOUNTANTS: The Grant Considine Partnership
Chartered Accountants
46 High Street
Banchory
Aberdeenshire
AB31 5SR

ASC Communications Limited (Registered number: SC338374)

Statement of Financial Position
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 13,005 31,031

CURRENT ASSETS
Stocks 6,012 6,598
Debtors 6 11,149 15,400
Cash at bank 14,870 20,079
32,031 42,077
CREDITORS
Amounts falling due within one year 7 8,766 16,234
NET CURRENT ASSETS 23,265 25,843
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,270

56,874

CREDITORS
Amounts falling due after more than one
year

8

(4,647

)

(18,931

)

PROVISIONS FOR LIABILITIES (2,037 ) (2,513 )
NET ASSETS 29,586 35,430

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 29,486 35,330
SHAREHOLDERS' FUNDS 29,586 35,430

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 directors acknowledge their 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.

ASC Communications Limited (Registered number: SC338374)

Statement of Financial Position - continued
30 June 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 Board of Directors and authorised for issue on 1 March 2024 and were signed on its behalf by:





Mr N D Collie - Director


ASC Communications Limited (Registered number: SC338374)

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

1. STATUTORY INFORMATION

ASC Communications Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Section 1A 'Small Entities of Financial Reporting Standard 102'. The Financial Reporting Standard applicable to the UK and Republic of Ireland and with the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
In the opinion of the directors, ASC Communication Limited was part of a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.

The accounts present information about the company as an individual undertaking and not about its group.

Revenue recognition
Turnover represents revenue earned under a variety of contracts to provide services and advice to third parties.

Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under those contracts.

It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including recoverable expenses and disbursements, but excluding Value Added Tax.

For incomplete contracts, an assessment is made of the extent to which revenue is earned. This assessment takes into account the nature of the assignment, its stage of completion and the relevant contract terms.

Unbilled revenue is included in debtors.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Equipment 33.33% on reducing balance.
Tenants Improvements 20% straight line.
Motor Vehicles 25% on reducing balance.

Inventories
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

ASC Communications Limited (Registered number: SC338374)

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

3. ACCOUNTING POLICIES - continued

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors and directors' loans.

Directors' loans, being repayable on demand, trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

ASC Communications Limited (Registered number: SC338374)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2022 46,101
Additions 636
Disposals (20,023 )
At 30 June 2023 26,714
DEPRECIATION
At 1 July 2022 15,070
Charge for year 5,077
Eliminated on disposal (6,438 )
At 30 June 2023 13,709
NET BOOK VALUE
At 30 June 2023 13,005
At 30 June 2022 31,031

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2022 36,629
Disposals (19,204 )
At 30 June 2023 17,425
DEPRECIATION
At 1 July 2022 11,663
Charge for year 3,079
Eliminated on disposal (5,689 )
At 30 June 2023 9,053
NET BOOK VALUE
At 30 June 2023 8,372
At 30 June 2022 24,966

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,215 6,663
Other debtors 1,934 8,737
11,149 15,400

ASC Communications Limited (Registered number: SC338374)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 3,136 6,856
Trade creditors 2,920 5,545
Taxation and social security 1,542 1,884
Other creditors 1,168 1,949
8,766 16,234

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) 4,647 18,931

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year 3,136 6,856
Between one and five years 4,647 18,931
7,783 25,787

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
Mr N D Collie
Balance outstanding at start of year 3,243 -
Amounts advanced - 3,243
Amounts repaid (3,243 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 3,243

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
ASC Communications Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of ASC Communications Limited for the year ended 30 June 2023 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of ASC Communications Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of ASC Communications Limited and state those matters that we have agreed to state to the Board of Directors of ASC Communications Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that ASC Communications Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of ASC Communications Limited. You consider that ASC Communications Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of ASC Communications Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Grant Considine Partnership
Chartered Accountants
46 High Street
Banchory
Aberdeenshire
AB31 5SR


1 March 2024