IRIS Accounts Production v24.1.0.578 01011892 director 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh010118922022-12-31010118922023-12-31010118922023-01-012023-12-31010118922021-12-31010118922022-01-012022-12-31010118922022-12-3101011892ns15:EnglandWales2023-01-012023-12-3101011892ns14:PoundSterling2023-01-012023-12-3101011892ns10:Director12023-01-012023-12-3101011892ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3101011892ns10:SmallEntities2023-01-012023-12-3101011892ns10:AuditExemptWithAccountantsReport2023-01-012023-12-3101011892ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3101011892ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3101011892ns10:FullAccounts2023-01-012023-12-3101011892ns10:CompanySecretary12023-01-012023-12-3101011892ns10:RegisteredOffice2023-01-012023-12-3101011892ns5:CurrentFinancialInstruments2023-12-3101011892ns5:CurrentFinancialInstruments2022-12-3101011892ns5:ShareCapital2023-12-3101011892ns5:ShareCapital2022-12-3101011892ns5:RetainedEarningsAccumulatedLosses2023-12-3101011892ns5:RetainedEarningsAccumulatedLosses2022-12-3101011892ns5:CostValuation2022-12-31
REGISTERED NUMBER: 01011892 (England and Wales)








ASLOTEL GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






ASLOTEL GROUP LIMITED (REGISTERED NUMBER: 01011892)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

ASLOTEL GROUP LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTOR: A L T Smith





SECRETARY: Mrs E J Smith





REGISTERED OFFICE: Manor House
Church Street
Leatherhead
Surrey
KT22 8DN





REGISTERED NUMBER: 01011892 (England and Wales)





ACCOUNTANTS: Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR

ASLOTEL GROUP LIMITED (REGISTERED NUMBER: 01011892)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 771 771

CURRENT ASSETS
Cash at bank 382,691 496,357

CREDITORS
Amounts falling due within one year 5 (3,870 ) (112,940 )
NET CURRENT ASSETS 378,821 383,417
TOTAL ASSETS LESS CURRENT LIABILITIES 379,592 384,188

CAPITAL AND RESERVES
Called up share capital 12,875 12,875
Retained earnings 366,717 371,313
379,592 384,188

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 15 April 2024 and were signed by:





A L T Smith - Director


ASLOTEL GROUP LIMITED (REGISTERED NUMBER: 01011892)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2023


1. STATUTORY INFORMATION

Aslotel Group 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.

Preparation of consolidated financial statements
The financial statements contain information about Aslotel Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover relates to management charges receivable and is recognised when earned.

Financial instruments
Financial instruments are classified as basic or non-basic following the conditions of FRS 102 Section 11. Basic financial instruments are initially measured at transaction price (including transaction cost) and subsequently measured at amortised cost using the effective interest rate method. The company does not have any non-basic financial instruments.

Investments
Investments are initially recorded at cost, being the fair value of the consideration given and including acquisition costs associated with the investment.

Investments for which fair value cannot be measured reliably are measured at cost less impairment and are assessed at the end of each accounting period. If evidence of impairment is found, an impairment loss is recognised in the profit and loss account.

Investments in subsidiaries and associates
Investments in subsidiary companies are initially recorded at cost, being the fair value of the consideration given and including acquisition costs associated with the investment. The investments are reviewed for impairment on an annual basis and provision is made where there has been a permanent diminution in their value.

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.


ASLOTEL GROUP LIMITED (REGISTERED NUMBER: 01011892)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2023


2. ACCOUNTING POLICIES - continued
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.

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 10 (2022 - 16 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 771
NET BOOK VALUE
At 31 December 2023 771
At 31 December 2022 771

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security - 109,940
Other creditors 3,870 3,000
3,870 112,940

6. GUARANTEES AND OTHER FINANCIAL COMMITMENTS

There is a cross guarantee in place in respect of bank facilities of group companies and the company has allowed fixed and floating charges over the company's assets as security in respect of this.

7. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ASLOTEL GROUP LIMITED


The following reproduces the text of the report prepared for the director 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 Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director 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 Aslotel Group Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, 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 the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Aslotel Group Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Aslotel Group Limited and state those matters that we have agreed to state to the director of Aslotel Group Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aslotel Group Limited and its director for our work or for this report.

It is your duty to ensure that Aslotel Group 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 Aslotel Group Limited. You consider that Aslotel Group 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 Aslotel Group 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.

This report should not be regarded as suitable to be used or relied on by any other party wishing to acquire any rights against Bessler Hendrie LLP for any purpose or in any context. Any party, other than you, who obtain access to this report or a copy and chooses to rely on this report (or any part of it) will do so at its own risk.






Bessler Hendrie LLP
Chartered Accountants
Ashbourne House
The Guildway
Old Portsmouth Road
Guildford
Surrey
GU3 1LR


15 April 2024