1 December 2022 false No description of principal activity Taxfiler 2024.5 12298362business:PrivateLimitedCompanyLtd2022-12-012023-11-30 122983622022-11-30 122983622022-12-012023-11-30 12298362business:AuditExempt-NoAccountantsReport2022-12-012023-11-30 12298362business:AbridgedAccounts2022-12-012023-11-30 122983622023-11-30 122983622022-11-30 12298362core:WithinOneYear2023-11-30 12298362core:WithinOneYear2022-11-30 12298362core:AfterOneYear2023-11-30 12298362core:AfterOneYear2022-11-30 12298362core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 12298362core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 12298362core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 12298362core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 12298362core:PreviouslyStatedAmount2023-11-30 12298362core:PreviouslyStatedAmount2022-11-30 12298362business:SmallEntities2022-12-012023-11-30 12298362business:Director22022-12-012023-11-30 12298362countries:EnglandWales2022-12-012023-11-30 12298362business:RegisteredOffice2022-12-012023-11-30 12298362core:PlantMachinery2022-12-012023-11-30 12298362core:FurnitureFittings2022-12-012023-11-30 122983622021-12-012022-11-30 iso4217:GBP xbrli:pure
Assetivo Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,686 
4,740 
Current assets
Debtors
12,356 
15,536 
Cash at bank and in hand
9,028 
18,224 
21,384 
33,760 
Creditors: amounts falling due within one year
(8,959)
(16,420)
Net current assets
12,425 
17,340 
Total assets less current liabilities
20,111 
22,080 
Creditors: amounts falling due after more than one year
(1,923)
(1,752)
Net assets
18,188 
20,328 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
18,088 
20,228 
Shareholders' funds
18,188 
20,328 
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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 29 August 2024 and were signed on its behalf by
Jessica Catherine Valdivia Canales Director Company Registration No. 12298362
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Assetivo Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Assetivo Ltd is a private company, limited by shares, registered in England and Wales, registration number 12298362. The registered office is 39 Harlech Crescent, Sketty, Swansea, West Glamorgan, SA2 9LN, Wales.
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
These financial statements for the year ended 30 November 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 December 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
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
20%
Fixtures & fittings
25%
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 December 2022
6,396 
Additions
5,127 
At 30 November 2023
11,523 
Depreciation
At 1 December 2022
1,656 
Charge for the year
2,181 
At 30 November 2023
3,837 
Net book value
At 30 November 2023
7,686 
At 30 November 2022
4,740 
- 2 -
Assetivo Ltd Notes to the Accounts for the year ended 30 November 2023
5
Average number of employees
During the year the average number of employees was 2 (2022: 2).
- 3 -