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Company Registration No. 10749806 (England and Wales)
ASI GROUP LIMITED Unaudited accounts for the year ended 31 May 2023
ASI GROUP LIMITED Unaudited accounts Contents
Page
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ASI GROUP LIMITED Company Information for the year ended 31 May 2023
Directors
Andrew Hankinson Derek O Conner
Company Number
10749806 (England and Wales)
Registered Office
2 GABLE COTTAGES ELBERTON ROAD ELBERTON, OLVESTON BRISTOL BS35 4AB UNITED KINGDOM
Accountants
Mollio Limited Merlin House Langstone Business Park Newport NP18 2HJ
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ASI GROUP LIMITED Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
213,792 
193,748 
Current assets
Debtors
356,864 
150,607 
Cash at bank and in hand
10,514 
954 
367,378 
151,561 
Creditors: amounts falling due within one year
(277,346)
(53,669)
Net current assets
90,032 
97,892 
Total assets less current liabilities
303,824 
291,640 
Creditors: amounts falling due after more than one year
(94,169)
(196,922)
Net assets
209,655 
94,718 
Capital and reserves
Called up share capital
100 
2 
Profit and loss account
209,555 
94,716 
Shareholders' funds
209,655 
94,718 
For the year ending 31 May 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 15 February 2024 and were signed on its behalf by
Andrew Hankinson Director Company Registration No. 10749806
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ASI GROUP LIMITED Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
ASI GROUP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10749806. The registered office is 2 GABLE COTTAGES ELBERTON ROAD, ELBERTON, OLVESTON, BRISTOL, BS35 4AB, UNITED KINGDOM.
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:
Plant & machinery
25% reducing Balance
Computer equipment
15% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
264,929 
978 
265,907 
Additions
83,880 
- 
83,880 
At 31 May 2023
348,809 
978 
349,787 
Depreciation
At 1 June 2022
71,937 
222 
72,159 
Charge for the year
63,644 
192 
63,836 
At 31 May 2023
135,581 
414 
135,995 
Net book value
At 31 May 2023
213,228 
564 
213,792 
At 31 May 2022
192,992 
756 
193,748 
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ASI GROUP LIMITED Notes to the Accounts for the year ended 31 May 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
356,864 
150,596 
Other debtors
- 
11 
356,864 
150,607 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
90,601 
38,078 
Obligations under finance leases and hire purchase contracts
68,846 
- 
Trade creditors
75,784 
12,071 
Taxes and social security
40,720 
2,334 
Other creditors
(464)
345 
Loans from directors
401 
(59)
Accruals
1,458 
900 
277,346 
53,669 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
42,197 
54,684 
Obligations under finance leases and hire purchase contracts
51,972 
142,238 
94,169 
196,922 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 7 (2022: 3).
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