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REGISTERED NUMBER: 04959573 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Asset Energy Limited

Asset Energy Limited (Registered number: 04959573)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Asset Energy Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: N B M Harrison





SECRETARY: Mrs A E Harrison





REGISTERED OFFICE: 12 Acorn Business Park
Northarbour Road
Portsmouth
Hampshire
PO6 3TH





REGISTERED NUMBER: 04959573 (England and Wales)





ACCOUNTANTS: Hughes Spencer
12 Acorn Business Park
Northarbour Road
Portsmouth
Hampshire
PO6 3TH

Asset Energy Limited (Registered number: 04959573)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 229 286

CURRENT ASSETS
Debtors 5 75,263 73,714
Cash at bank 45,411 48,087
120,674 121,801
CREDITORS
Amounts falling due within one year 6 32,892 32,857
NET CURRENT ASSETS 87,782 88,944
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,011

89,230

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 87,911 89,130
SHAREHOLDERS' FUNDS 88,011 89,230

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 19 August 2024 and were signed by:





N B M Harrison - Director


Asset Energy Limited (Registered number: 04959573)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Asset Energy 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.

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
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 December 2022
and 30 November 2023 4,100 779 1,726 6,605
DEPRECIATION
At 1 December 2022 3,850 743 1,726 6,319
Charge for year 50 7 - 57
At 30 November 2023 3,900 750 1,726 6,376
NET BOOK VALUE
At 30 November 2023 200 29 - 229
At 30 November 2022 250 36 - 286

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 75,263 73,714

Asset Energy Limited (Registered number: 04959573)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 32,892 32,857

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N B M Harrison.