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REGISTERED NUMBER: 04915636 (England and Wales)








Unaudited Financial Statements

for the Year Ended 30 November 2023

for

ASABELL LIMITED

ASABELL LIMITED (REGISTERED NUMBER: 04915636)






Contents of the Financial Statements
for the year ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ASABELL LIMITED

Company Information
for the year ended 30 November 2023







DIRECTOR: D A J Green





REGISTERED OFFICE: Bristol And Bath Science Park
Dirac Crescent
Emersons Green
Bristol
BS16 7FR





REGISTERED NUMBER: 04915636 (England and Wales)





ACCOUNTANTS: Mitchell Glanville (Bristol) Limited
c/o MGB Accountants - Suite 22
Trym Lodge, 1 Henbury Road
Westbury-on-Trym
Bristol
BS9 3HQ

ASABELL LIMITED (REGISTERED NUMBER: 04915636)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 130,320 100,804

CURRENT ASSETS
Stocks 6,950 20,246
Debtors 5 144,508 97,077
Cash at bank 81,059 101,161
232,517 218,484
CREDITORS
Amounts falling due within one year 6 162,211 137,147
NET CURRENT ASSETS 70,306 81,337
TOTAL ASSETS LESS CURRENT
LIABILITIES

200,626

182,141

CREDITORS
Amounts falling due after more than one year 7 (94,666 ) (98,716 )

PROVISIONS FOR LIABILITIES (24,761 ) (19,153 )
NET ASSETS 81,199 64,272

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 81,099 64,172
SHAREHOLDERS' FUNDS 81,199 64,272

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 April 2024 and were signed by:





D A J Green - Director


ASABELL LIMITED (REGISTERED NUMBER: 04915636)

Notes to the Financial Statements
for the year ended 30 November 2023

1. STATUTORY INFORMATION

Asabell 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.

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

Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

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 - 33% on cost and 20% 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 Statement of Income and Retained Earnings, 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.

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.

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

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 6 (2022 - 6 ) .

ASABELL LIMITED (REGISTERED NUMBER: 04915636)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2022 31,648 106,661 26,935 165,244
Additions 1,775 143,342 - 145,117
Disposals (230 ) (106,661 ) - (106,891 )
At 30 November 2023 33,193 143,342 26,935 203,470
DEPRECIATION
At 1 December 2022 26,342 11,163 26,935 64,440
Charge for year 3,418 26,209 - 29,627
Eliminated on disposal (230 ) (20,687 ) - (20,917 )
At 30 November 2023 29,530 16,685 26,935 73,150
NET BOOK VALUE
At 30 November 2023 3,663 126,657 - 130,320
At 30 November 2022 5,306 95,498 - 100,804

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 106,926 55,503
Amounts owed by group undertakings 34,700 39,200
Other debtors 2,882 2,374
144,508 97,077

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,397 6,372
Hire purchase contracts 15,650 15,732
Trade creditors 943 4,205
Taxation and social security 37,119 2,937
Other creditors 102,102 107,901
162,211 137,147

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 29,714 34,995
Hire purchase contracts 64,952 63,721
94,666 98,716