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Company Registration No. 13718150 (England and Wales)
Asago Limited Unaudited accounts for the year ended 30 November 2023
Asago Limited Unaudited accounts Contents
Page
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Asago Limited Company Information for the year ended 30 November 2023
Director
Zhenxiu Jiang
Company Number
13718150 (England and Wales)
Registered Office
126A Middlesex Street London E1 7HY England
Accountants
Anthony Daniel Associates Ltd 10 Julian Place London E14 3AT
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Asago Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Called up share capital not paid
100 
100 
Current assets
Inventories
1,102 
3,125 
Debtors
3,522 
2,375 
Cash at bank and in hand
5,559 
11,329 
10,183 
16,829 
Creditors: amounts falling due within one year
(20,546)
(29,291)
Net current liabilities
(10,363)
(12,462)
Net liabilities
(10,263)
(12,362)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(10,363)
(12,462)
Shareholders' funds
(10,263)
(12,362)
For the year ending 30 November 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 director acknowledges his 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 and authorised for issue on 13 August 2024 and were signed on its behalf by
Zhenxiu Jiang Director Company Registration No. 13718150
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Asago Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Asago Limited is a private company, limited by shares, registered in England and Wales, registration number 13718150. The registered office is 126A Middlesex Street, London, E1 7HY, 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.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
These accounts have been prepared on the going concern basis, on the understanding that the director and shareholders will continue to financially support the company during this uncertain period.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,879 
2,375 
Accrued income and prepayments
643 
- 
3,522 
2,375 
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Asago Limited Notes to the Accounts for the year ended 30 November 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
9,069 
18,113 
Taxes and social security
4,853 
3,866 
Loans from directors
2,616 
1,000 
Accruals
4,008 
6,312 
20,546 
29,291 
6
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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