Company Registration No. 10091592 (England and Wales)
ASANA ASSOCIATES LIMITED
Unaudited accounts
for the year ended 30 June 2023
ASANA ASSOCIATES LIMITED
Unaudited accounts
Contents
ASANA ASSOCIATES LIMITED
Company Information
for the year ended 30 June 2023
Directors
J P Ivens
C M Walsh
Company Number
10091592 (England and Wales)
Registered Office
UNIT 4 ATHERSTONE HILL, ALSCOT ESTATE
ATHERSTONE ON STOUR
STRATFORD-UPON-AVON
CV37 8NF
ENGLAND
Accountants
Richard Matthew Accountancy Ltd
The Courtyard
30 Worthing Road
Horsham
West Sussex
RH12 1SL
ASANA ASSOCIATES LIMITED
Statement of financial position
as at 30 June 2023
Tangible assets
6,852
11,479
Cash at bank and in hand
80
5,413
Creditors: amounts falling due within one year
(201,349)
(164,765)
Net current liabilities
(197,383)
(155,578)
Net liabilities
(189,640)
(143,898)
Called up share capital
2
2
Profit and loss account
(189,642)
(143,900)
Shareholders' funds
(189,640)
(143,898)
For the year ending 30 June 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 March 2024 and were signed on its behalf by
J P Ivens
Director
Company Registration No. 10091592
ASANA ASSOCIATES LIMITED
Notes to the Accounts
for the year ended 30 June 2023
ASANA ASSOCIATES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10091592. The registered office is UNIT 4 ATHERSTONE HILL, ALSCOT ESTATE, ATHERSTONE ON STOUR, STRATFORD-UPON-AVON, CV37 8NF, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
33% - 50% straight line
Fixtures & fittings
33% straight line
Intangible fixed assets comprising trademarks & copyrights are recognized at cost less accumulated amortization and accumulated impairment losses.
Amortization is recognized so as to write off the cost of assets less their residual values over their useful lives on the following basis:
Trademarks & copyrights 10% straight line
ASANA ASSOCIATES LIMITED
Notes to the Accounts
for the year ended 30 June 2023
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2022
21,876
4,383
26,259
Additions
1,689
2,180
3,869
Disposals
(6,568)
(729)
(7,297)
At 30 June 2023
16,997
5,834
22,831
At 1 July 2022
13,034
1,746
14,780
Charge for the year
3,970
1,527
5,497
On disposals
(3,977)
(321)
(4,298)
At 30 June 2023
13,027
2,952
15,979
At 30 June 2023
3,970
2,882
6,852
At 30 June 2022
8,842
2,637
11,479
Amounts falling due within one year
Accrued income and prepayments
2,298
2,238
ASANA ASSOCIATES LIMITED
Notes to the Accounts
for the year ended 30 June 2023
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
-
482
Loans from directors
200,640
159,149
8
Operating lease commitments
2023
2022
At 30 June 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
11,112
9,260
Later than one year and not later than five years
5,556
17,594
9
Transactions with related parties
The amounts due to key management personnel were repayable on demand and interest free.
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).