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Registered Number: 09595465
England and Wales

 

 

 

ASF ENTERPRISES LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 June 2022

End date: 31 May 2023
Director Mr Antonios Costi Fantis
Registered Number 09595465
Registered Office Hagley Court 40 Vicarage Road
Edgbaston
Birmingham
West Midlands
B15 3EZ
Accountants Marneros Marcus & Co Limited


1
 
 
Notes
 
2023
£
  2022
£
Current assets      
Debtors 4 144,690    169,493 
Cash at bank and in hand 4,757    12,819 
149,447    182,312 
Creditors: amount falling due within one year 5 (95,683)   (112,070)
Net current assets 53,764    70,242 
 
Total assets less current liabilities 53,764    70,242 
Creditors: amount falling due after more than one year 6 (39,938)   (44,444)
Provisions for liabilities 7  
Net assets 13,826    25,798 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 13,726    25,698 
Shareholder's funds 13,826    25,798 
 


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

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 08 March 2024 and were signed by:


-------------------------------
Mr Antonios Costi Fantis
Director
2
General Information
ASF Enterprises Ltd is a private company, limited by shares, registered in England and Wales, registration number 09595465, registration address Hagley Court 40 Vicarage Road, Edgbaston, Birmingham, West Midlands, B15 3EZ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The business ceased trading on 15 May 2022. The director will continue to support the company. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
2.

Average number of employees 10

Average number of employees during the year was 1 (2022 : 10).
3.

Tangible fixed assets

Cost or valuation Land and Buildings   Plant and Machinery   Fixtures and Fittings   Total
  £   £   £   £
At 01 June 2022 108,094    46,416    6,786    161,296 
Additions      
Disposals (108,094)   (46,416)   (6,786)   (161,296)
At 31 May 2023      
Depreciation
At 01 June 2022   15,963    3,732    19,695 
Charge for year      
On disposals   (15,963)   (3,732)   (19,695)
At 31 May 2023      
Net book values
Closing balance as at 31 May 2023      
Opening balance as at 01 June 2022      


4.

Debtors: amounts falling due within one year

2023
£
  2022
£
Other Debtors 144,690    168,100 
144,690    168,100 

4.

Debtors: amounts falling due after one year

2023
£
  2022
£
Prepayments   1,393 
  1,393 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors 16,389    14,972 
Corporation Tax 13,344    13,344 
PAYE & Social Security 632    868 
Other Creditors 41,207    46,007 
Directors' Current Accounts 24,111    36,879 
95,683    112,070 

6.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bounce back loan 39,938    44,444 
39,938    44,444 

7.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax   8,684 
Charged to Profit & Loss   (8,684)
 

3