IRIS Accounts Production v24.1.0.578 02064874 Board of Directors 1.1.23 31.12.23 31.12.23 0 false true false false true false Ordinary £1 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh020648742022-12-31020648742023-12-31020648742023-01-012023-12-31020648742021-12-31020648742022-01-012022-12-31020648742022-12-3102064874ns15:EnglandWales2023-01-012023-12-3102064874ns14:PoundSterling2023-01-012023-12-3102064874ns10:Director12023-01-012023-12-3102064874ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3102064874ns10:SmallEntities2023-01-012023-12-3102064874ns10:AuditExemptWithAccountantsReport2023-01-012023-12-3102064874ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3102064874ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3102064874ns10:FullAccounts2023-01-012023-12-3102064874ns10:OrdinaryShareClass12023-01-012023-12-3102064874ns10:Director22023-01-012023-12-3102064874ns10:CompanySecretary12023-01-012023-12-3102064874ns10:RegisteredOffice2023-01-012023-12-3102064874ns5:CurrentFinancialInstruments2023-12-3102064874ns5:CurrentFinancialInstruments2022-12-3102064874ns5:ShareCapital2023-12-3102064874ns5:ShareCapital2022-12-3102064874ns5:RetainedEarningsAccumulatedLosses2023-12-3102064874ns5:RetainedEarningsAccumulatedLosses2022-12-3102064874ns5:PlantMachinery2022-12-3102064874ns5:PlantMachinery2023-01-012023-12-3102064874ns5:PlantMachinery2023-12-3102064874ns5:PlantMachinery2022-12-3102064874ns5:CostValuation2022-12-3102064874ns5:AdditionsToInvestments2023-12-3102064874ns5:CostValuation2023-12-3102064874ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3102064874ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3102064874ns5:WithinOneYear2023-12-3102064874ns5:WithinOneYear2022-12-3102064874ns5:BetweenOneFiveYears2023-12-3102064874ns5:BetweenOneFiveYears2022-12-3102064874ns5:AllPeriods2023-12-3102064874ns5:AllPeriods2022-12-3102064874ns10:OrdinaryShareClass12023-12-310206487412023-01-012023-12-31
REGISTERED NUMBER: 02064874 (England and Wales)








ASLOTEL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






ASLOTEL LIMITED (REGISTERED NUMBER: 02064874)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

ASLOTEL LIMITED

COMPANY INFORMATION
for the year ended 31 December 2023







DIRECTORS: M A Roberts
A L T Smith





SECRETARY: Mrs E J Smith





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





REGISTERED NUMBER: 02064874 (England and Wales)





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

ASLOTEL LIMITED (REGISTERED NUMBER: 02064874)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 151,218 131,814
Investments 5 4,530 4,430
155,748 136,244

CURRENT ASSETS
Stocks 870,947 926,719
Debtors 6 482,938 751,244
Cash at bank 2,300,728 2,197,032
3,654,613 3,874,995
CREDITORS
Amounts falling due within one year 7 (787,675 ) (894,261 )
NET CURRENT ASSETS 2,866,938 2,980,734
TOTAL ASSETS LESS CURRENT LIABILITIES 3,022,686 3,116,978

CAPITAL AND RESERVES
Called up share capital 9 1,660 1,660
Retained earnings 3,021,026 3,115,318
SHAREHOLDERS' FUNDS 3,022,686 3,116,978

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 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.

ASLOTEL LIMITED (REGISTERED NUMBER: 02064874)

BALANCE SHEET - continued
31 December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 April 2024 and were signed on its behalf by:





A L T Smith - Director


ASLOTEL LIMITED (REGISTERED NUMBER: 02064874)

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


1. STATUTORY INFORMATION

Aslotel 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 represents the fair value of consideration receivable for goods provided in the ordinary nature of the business, excluding Value Added Tax.

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

- the company has transferred to the buyer the significant risks and rewards of ownership of the goods, which is upon dispatch;
- the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the economic benefits associated with the transaction will flow to the company; and
- the costs incurred or to be incurred in respect of the transaction will flow to the company.

Tangible fixed assets
Tangible fixed assets are stated at their historic cost price less accumulated depreciation. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for use. The asset's residual values, useful lives and depreciation methods are reviewed if there is an indication of significant change since the last reporting date.

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

Plant & machinery etc - 20% on reducing balance and 25% on cost

On disposal the difference between the net proceeds and carrying amount of the item sold is recognised in profit or loss, included within administrative expenses.

Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

ASLOTEL LIMITED (REGISTERED NUMBER: 02064874)

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


2. ACCOUNTING POLICIES - continued

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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight line basis over the lease term unless there is another systematic basis representative of the time pattern of the lessee's benefit from the leased asset.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - NIL ) .

ASLOTEL LIMITED (REGISTERED NUMBER: 02064874)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 410,017
Additions 70,297
Disposals (121,406 )
At 31 December 2023 358,908
DEPRECIATION
At 1 January 2023 278,203
Charge for year 35,335
Eliminated on disposal (105,848 )
At 31 December 2023 207,690
NET BOOK VALUE
At 31 December 2023 151,218
At 31 December 2022 131,814

The company has allowed a fixed and floating charge over the company's assets, including the tangible fixed assets with a carrying amount of £151,218, as security.

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023 4,430
Additions 100
At 31 December 2023 4,530
NET BOOK VALUE
At 31 December 2023 4,530
At 31 December 2022 4,430

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 434,011 711,972
Other debtors 48,927 39,272
482,938 751,244

ASLOTEL LIMITED (REGISTERED NUMBER: 02064874)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 550,225 622,574
Amounts owed to related undertakings 100 -
Taxation and social security 191,508 206,795
Other creditors 45,842 64,892
787,675 894,261

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 20,291 58,194
Between one and five years 71,754 120,671
92,045 178,865

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,660 Ordinary £1 1 1,660 1,660

10. 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.

11. POST BALANCE SHEET EVENTS

Following the year end, in February 2024, the toiletries business was sold and this has been shown as discontinued operations in this financial year.

12. CONTROLLING PARTY

The Company is a 49.2% associate undertaking of Aslotel Group Limited, a Company registered in England and Wales.

There is no ultimate controlling party.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ASLOTEL 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 Balance Sheet. 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 Aslotel Limited for the year ended 31 December 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 Board of Directors of Aslotel 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 Aslotel Limited and state those matters that we have agreed to state to the Board of Directors of Aslotel Limited, as a body, 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 Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Aslotel 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 Limited. You consider that Aslotel 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 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 the Directors, 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