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REGISTERED NUMBER: 10266828 (England and Wales)














ASM WEB TECHNOLOGIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023






ASM WEB TECHNOLOGIES LIMITED (REGISTERED NUMBER: 10266828)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


ASM WEB TECHNOLOGIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Dr A Mirza
Mrs H Mirza





REGISTERED OFFICE: 82 High Street
Tenterden
Kent
TN30 6JG





REGISTERED NUMBER: 10266828 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
82 High Street
Tenterden
Kent
TN30 6JG

ASM WEB TECHNOLOGIES LIMITED (REGISTERED NUMBER: 10266828)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 10,000 10,000
10,000 10,000

CURRENT ASSETS
Debtors 6 347 386
Cash at bank 1,378 3,159
1,725 3,545
CREDITORS
Amounts falling due within one year 7 52,710 52,678
NET CURRENT LIABILITIES (50,985 ) (49,133 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(40,985

)

(39,133

)

CAPITAL AND RESERVES
Called up share capital 9 10 10
Retained earnings (40,995 ) (39,143 )
SHAREHOLDERS' FUNDS (40,985 ) (39,133 )

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 directors acknowledge their 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.

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 Board of Directors and authorised for issue on 17 April 2024 and were signed on its behalf by:



Dr A Mirza - Director


ASM WEB TECHNOLOGIES LIMITED (REGISTERED NUMBER: 10266828)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

ASM Web Technologies Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The directors believe it is appropriate to prepare the financial statements on a going concern basis as the company will continue in operational existence for the foreseeable future and is anticipated to return profits in future years. In the meantime, the company will be financially supported by its directors.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and recognised when the services have been carried out.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 50% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.


ASM WEB TECHNOLOGIES LIMITED (REGISTERED NUMBER: 10266828)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 August 2022
and 31 July 2023 594
DEPRECIATION
At 1 August 2022
and 31 July 2023 594
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 10,000
NET BOOK VALUE
At 31 July 2023 10,000
At 31 July 2022 10,000

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2018 (9,995 )
Valuation in 2019 (8,000 )
Valuation in 2021 (30,000 )
Cost 57,995
10,000

ASM WEB TECHNOLOGIES LIMITED (REGISTERED NUMBER: 10266828)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


5. INVESTMENT PROPERTY - continued

The directors confirm that the valuation of £10,000, completed in 2021, remains reasonable and accurate.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 11 11
Prepayments 336 375
347 386

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts 51,749 51,556
Accruals and deferred income 961 1,122
52,710 52,678

8. LEASING AGREEMENTS

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10 Ordinary 1 10 10

10. CONTINGENT LIABILITIES

The investment property held by the company is currently unoccupied due to safety issues. The company has a liability in relation to the work required to make the property safe but at the date of signing of these accounts the amount is unknown.