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Company Registration No. 11534916 (England and Wales)
ASIMWORKS LTD Unaudited accounts for the year ended 31 August 2023
ASIMWORKS LTD Unaudited accounts Contents
Page
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ASIMWORKS LTD Company Information for the year ended 31 August 2023
Director
Asim KHAN
Company Number
11534916 (England and Wales)
Registered Office
21 HYDE PARK ROAD LEEDS LS6 1PY ENGLAND
Accountants
HLA Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY
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ASIMWORKS LTD Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,498 
8,123 
Current assets
Debtors
65,964 
68,150 
Cash at bank and in hand
1,457 
(931)
67,421 
67,219 
Creditors: amounts falling due within one year
(9,657)
(1,678)
Net current assets
57,764 
65,541 
Total assets less current liabilities
64,262 
73,664 
Creditors: amounts falling due after more than one year
(39,825)
(38,854)
Net assets
24,437 
34,810 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
24,337 
34,710 
Shareholders' funds
24,437 
34,810 
For the year ending 31 August 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 31 August 2024 and were signed on its behalf by
Asim KHAN Director Company Registration No. 11534916
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ASIMWORKS LTD Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
ASIMWORKS LTD is a private company, limited by shares, registered in England and Wales, registration number 11534916. The registered office is 21 HYDE PARK ROAD, LEEDS, LS6 1PY, 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. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Fixtures & fittings
19% reducing balance method.
Government grants
Government grants in relation to local authority are credited to profit and loss account , whereas those in relation to expenditure are charged to profit and loss.
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.
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ASIMWORKS LTD Notes to the Accounts for the year ended 31 August 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 September 2022
15,863 
At 31 August 2023
15,863 
Depreciation
At 1 September 2022
7,740 
Charge for the year
1,625 
At 31 August 2023
9,365 
Net book value
At 31 August 2023
6,498 
At 31 August 2022
8,123 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
964 
672 
Trade debtors
- 
27,478 
Other debtors
65,000 
40,000 
65,964 
68,150 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
7,999 
1,678 
Loans from directors
458 
- 
Accruals
1,200 
- 
9,657 
1,678 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
39,825 
38,854 
8
Average number of employees
During the year the average number of employees was 3 (2022: 2).
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