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Company Registration No. 09391670 (England and Wales)
Assentech Rapid Response And Service Ltd Unaudited accounts for the year ended 31 December 2023
Assentech Rapid Response And Service Ltd Unaudited accounts Contents
Page
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Assentech Rapid Response And Service Ltd Company Information for the year ended 31 December 2023
Directors
Deborah Cox Ewart Cox
Company Number
09391670 (England and Wales)
Registered Office
Mount Pleasant Farm Gorran St. Austell Cornwall PL26 6LR England
Accountants
Wessex Commercial Solutions Limited Yeovil Innovation Centre Barracks Close Yeovil BA22 8RN
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Assentech Rapid Response And Service Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,726 
13,455 
Current assets
Inventories
- 
82,700 
Debtors
512,011 
232,439 
Cash at bank and in hand
50,336 
162,090 
562,347 
477,229 
Creditors: amounts falling due within one year
(162,050)
(102,906)
Net current assets
400,297 
374,323 
Total assets less current liabilities
418,023 
387,778 
Creditors: amounts falling due after more than one year
(27,721)
(64,459)
Provisions for liabilities
Deferred tax
(4,324)
(2,960)
Net assets
385,978 
320,359 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
385,977 
320,358 
Shareholders' funds
385,978 
320,359 
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2024 and were signed on its behalf by
Deborah Cox Director Company Registration No. 09391670
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Assentech Rapid Response And Service Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Assentech Rapid Response And Service Ltd is a private company, limited by shares, registered in England and Wales, registration number 09391670. The registered office is Mount Pleasant Farm, Gorran, St. Austell, Cornwall, PL26 6LR, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% Straight line
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
33% reducing balance
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
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Assentech Rapid Response And Service Ltd Notes to the Accounts for the year ended 31 December 2023
Foreign exchange
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2023
1,427 
24,193 
16,195 
4,526 
46,341 
Additions
- 
6,439 
- 
1,306 
7,745 
At 31 December 2023
1,427 
30,632 
16,195 
5,832 
54,086 
Depreciation
At 1 January 2023
856 
15,883 
12,843 
3,304 
32,886 
Charge for the year
143 
1,840 
838 
653 
3,474 
At 31 December 2023
999 
17,723 
13,681 
3,957 
36,360 
Net book value
At 31 December 2023
428 
12,909 
2,514 
1,875 
17,726 
At 31 December 2022
571 
8,310 
3,352 
1,222 
13,455 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
1,541 
- 
Trade debtors
15,140 
26,704 
Amounts due from group undertakings etc.
493,263 
201,406 
Accrued income and prepayments
2,067 
414 
Other debtors
- 
3,915 
512,011 
232,439 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
42,368 
47,997 
VAT
- 
2,500 
Trade creditors
100,019 
40,053 
Taxes and social security
17,113 
11,500 
Other creditors
2,550 
856 
162,050 
102,906 
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Assentech Rapid Response And Service Ltd Notes to the Accounts for the year ended 31 December 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
27,721 
64,459 
8
Average number of employees
During the year the average number of employees was 0 (2022: 3).
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