0 31/12/2023 2023-12-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2023-01-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 11741580 2023-01-01 2023-12-31 11741580 2023-12-31 11741580 2022-12-31 11741580 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 11741580 bus:RegisteredOffice 2023-01-01 2023-12-31 11741580 bus:Director1 2023-01-01 2023-12-31 11741580 core:FurnitureFittingsToolsEquipment 2023-12-31 11741580 core:WithinOneYear 2023-12-31 11741580 core:WithinOneYear 2022-12-31 11741580 core:ShareCapital 2023-12-31 11741580 core:ShareCapital 2022-12-31 11741580 core:RetainedEarningsAccumulatedLosses 2023-12-31 11741580 core:RetainedEarningsAccumulatedLosses 2022-12-31 11741580 bus:Director1 2022-12-31 11741580 bus:Director1 2023-12-31 11741580 bus:Director1 2021-12-31 11741580 bus:Director1 2022-12-31 11741580 bus:Director1 2022-01-01 2022-12-31 11741580 bus:SmallEntities 2023-01-01 2023-12-31 11741580 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11741580 bus:FullAccounts 2023-01-01 2023-12-31 11741580 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 11741580 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
Company registration number: 11741580
Asari.io Limited
Unaudited filleted financial statements
31 December 2023
Asari.io Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Asari.io Limited
Directors and other information
Director Ms Julia Redfarn
Company number 11741580
Registered office 8 Ashford Court
Glanville Way
Epsom
KT19 8LR
Asari.io Limited
Statement of financial position
31 December 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 4 815 -
_______ _______
815 -
Current assets
Debtors 5 3,000 101
Cash at bank and in hand 132,324 214,243
_______ _______
135,324 214,344
Creditors: amounts falling due
within one year 6 ( 23,811) ( 32,325)
_______ _______
Net current assets 111,513 182,019
_______ _______
Total assets less current liabilities 112,328 182,019
_______ _______
Net assets 112,328 182,019
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 112,327 182,018
_______ _______
Shareholder funds 112,328 182,019
_______ _______
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 16 April 2024 , and are signed on behalf of the board by:
Ms Julia Redfarn
Director
Company registration number: 11741580
Asari.io Limited
Notes to the financial statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8 Ashford Court, Glanville Way, Epsom, KT19 8LR.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
No provision for deferred taxation has been provided for in the financial statements, due to the amount not being material.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 January 2023 - -
Additions 832 832
_______ _______
At 31 December 2023 832 832
_______ _______
Depreciation
At 1 January 2023 - -
Charge for the year 17 17
_______ _______
At 31 December 2023 17 17
_______ _______
Carrying amount
At 31 December 2023 815 815
_______ _______
At 31 December 2022 - -
_______ _______
5. Debtors
2023 2022
£ £
Trade debtors 3,000 -
Other debtors - 101
_______ _______
3,000 101
_______ _______
6. Creditors: amounts falling due within one year
2023 2022
£ £
Corporation tax 13,598 28,159
Social security and other taxes 6,618 -
Other creditors 3,595 4,166
_______ _______
23,811 32,325
_______ _______
7. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Ms Julia Redfarn ( 2,966) ( 8,257) 8,828 ( 2,395)
_______ _______ _______ _______
2022
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Ms Julia Redfarn ( 1,675) ( 2,966) 1,675 ( 2,966)
_______ _______ _______ _______