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REGISTERED NUMBER: SC540440 (Scotland)




















Asian Assoc Culture Commerce And
Education In Europe LBG Limited

Unaudited Financial Statements

for the Year Ended 31 July 2023






Asian Assoc Culture Commerce And
Education In Europe LBG Limited (Registered number: SC540440)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Asian Assoc Culture Commerce And
Education In Europe LBG Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: Ms H Guo



REGISTERED OFFICE: C/o Eeb Consultancy Ltd
28 Ruthland Square
Edinburgh
EH1 2BW



REGISTERED NUMBER: SC540440 (Scotland)



ACCOUNTANTS: Whitelaw Wells
9 Ainslie Place
Edinburgh
Midlothian
EH3 6AT



BANKERS: The Royal Bank of Scotland
239 St John's Road
Edinburgh
EH12 7XA

Asian Assoc Culture Commerce And
Education In Europe LBG Limited (Registered number: SC540440)

Balance Sheet
31 July 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 219 7,082
Cash at bank 1,245 1,628
1,464 8,710
CREDITORS
Amounts falling due within one year 5 9,145 3,484
NET CURRENT (LIABILITIES)/ASSETS (7,681 ) 5,226
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,681

)

5,226

RESERVES
Income and expenditure account (7,681 ) 5,226
(7,681 ) 5,226

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 surplus or deficit 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.

Asian Assoc Culture Commerce And
Education In Europe LBG Limited (Registered number: SC540440)

Balance Sheet - continued
31 July 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 19 April 2024 and were signed by:





Ms H Guo - Director


Asian Assoc Culture Commerce And
Education In Europe LBG Limited (Registered number: SC540440)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Asian Assoc Culture Commerce And Education In Europe LBG Limited is a private company, limited by guarantee , 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 and revenue recognition
Turnover represents sales of events tickets, which is recognised when the company obtains the rights to consideration.

Donations are recognised when the company becomes unconditionally entitled to the donation if it is not conditional on the delivery of a specific performance by the company. Where there is specific performance required by the company, the donation is recognised with reference to the company's performance.

Government grants are recognised as part of turnover.

Government grants
Grants which relate to revenue are recognised in income in the period the related costs are incurred by the company for which the grant is intended to compensate. For grants which are received by the company for compensation for expenses or losses which have already been incurred, the grant is recognised in income when it is received or receivable.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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.


Asian Assoc Culture Commerce And
Education In Europe LBG Limited (Registered number: SC540440)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 6,865
Other debtors 219 217
219 7,082

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security - 591
Other creditors 9,145 2,893
9,145 3,484

The director's current account is unsecured, interest free and has no fixed repayment period.

6. GOING CONCERN

The financial statements have been prepared on the going concern principal which assumes that the company will continue to function in the foreseeable future. In order to do so the company will require the continued support of its director, bankers and creditors.