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REGISTERED NUMBER: SC581086 (Scotland)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

ASA - MANAGEMENT FACILITIES LIMITED

ASA - MANAGEMENT FACILITIES LIMITED (REGISTERED NUMBER: SC581086)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

ASA - MANAGEMENT FACILITIES LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTOR: Mrs A Abernethy





SECRETARY: Mrs A Abernethy





REGISTERED OFFICE: 40 Forsyth Court
Lanark
Lanarkshire
ML11 7BQ





REGISTERED NUMBER: SC581086 (Scotland)





ACCOUNTANTS: G. Ingram and Company Limited
Ardoch House
Lesmahagow
South Lanarkshire
ML11 0HJ

ASA - MANAGEMENT FACILITIES LIMITED (REGISTERED NUMBER: SC581086)

BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,577 25,327

CURRENT ASSETS
Debtors 5 17,598 76,238
Cash at bank 5,741 3,880
23,339 80,118
CREDITORS
Amounts falling due within one year 6 30,175 65,578
NET CURRENT (LIABILITIES)/ASSETS (6,836 ) 14,540
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,741

39,867

CREDITORS
Amounts falling due after more than one
year

7

28,500

40,722
NET LIABILITIES (17,759 ) (855 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (17,859 ) (955 )
(17,759 ) (855 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

ASA - MANAGEMENT FACILITIES LIMITED (REGISTERED NUMBER: SC581086)

BALANCE SHEET - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 March 2024 and were signed by:





Mrs A Abernethy - Director


ASA - MANAGEMENT FACILITIES LIMITED (REGISTERED NUMBER: SC581086)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

ASA - Management Facilities Limited is a private company, limited by shares , registered in Scotland. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

ASA - MANAGEMENT FACILITIES LIMITED (REGISTERED NUMBER: SC581086)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022 5,210 48,161 53,371
Disposals - (6,553 ) (6,553 )
At 31 March 2023 5,210 41,608 46,818
DEPRECIATION
At 1 April 2022 3,076 24,968 28,044
Charge for year 427 3,969 4,396
Eliminated on disposal - (3,199 ) (3,199 )
At 31 March 2023 3,503 25,738 29,241
NET BOOK VALUE
At 31 March 2023 1,707 15,870 17,577
At 31 March 2022 2,134 23,193 25,327

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 15,000 58,649
Other debtors 2,598 17,589
17,598 76,238

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 817 18,487
Taxation and social security 1,856 20,348
Other creditors 27,502 26,743
30,175 65,578

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts - 3,222
Other creditors 28,500 37,500
28,500 40,722

ASA - MANAGEMENT FACILITIES LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
ASA - MANAGEMENT FACILITIES 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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






G. Ingram and Company Limited
Ardoch House
Lesmahagow
South Lanarkshire
ML11 0HJ


Date: .............................................