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REGISTERED NUMBER: 09351226 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

ASAP Direct Limited

ASAP Direct Limited (Registered number: 09351226)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

ASAP Direct Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: S A Nelson





REGISTERED OFFICE: Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS





REGISTERED NUMBER: 09351226 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

ASAP Direct Limited (Registered number: 09351226)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 14,306 18,376

CURRENT ASSETS
Debtors 5 139,286 114,505
Cash at bank 37,542 39,416
176,828 153,921
CREDITORS
Amounts falling due within one year 6 (104,331 ) (100,322 )
NET CURRENT ASSETS 72,497 53,599
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,803

71,975

CREDITORS
Amounts falling due after more than one
year

7

(28,402

)

(36,626

)

PROVISIONS FOR LIABILITIES (3,577 ) (3,491 )
NET ASSETS 54,824 31,858

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 54,724 31,758
SHAREHOLDERS' FUNDS 54,824 31,858

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 Statement of Income and Retained Earnings has not been delivered.

ASAP Direct Limited (Registered number: 09351226)

Statement of Financial Position - continued
31 March 2024



The financial statements were approved by the director and authorised for issue on 6 September 2024 and were signed by:





S A Nelson - Director


ASAP Direct Limited (Registered number: 09351226)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

ASAP Direct 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 represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

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 cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

ASAP Direct Limited (Registered number: 09351226)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 316 2,562 22,000 3,621 28,499
Additions 148 542 - 260 950
At 31 March 2024 464 3,104 22,000 3,881 29,449
DEPRECIATION
At 1 April 2023 271 1,228 5,500 3,124 10,123
Charge for year 45 282 4,125 568 5,020
At 31 March 2024 316 1,510 9,625 3,692 15,143
NET BOOK VALUE
At 31 March 2024 148 1,594 12,375 189 14,306
At 31 March 2023 45 1,334 16,500 497 18,376

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 88,073 72,187
Other debtors 21,040 40,240
Directors' current accounts 29,853 -
Tax - 1,695
Prepayments and accrued income 320 383
139,286 114,505

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 5,858 4,925
Trade creditors 63,485 67,343
Tax 18,514 11,141
Social security and other taxes 12,861 11,834
Other creditors 1,672 2,215
Directors' current accounts - 599
Accruals and deferred income 1,941 2,265
104,331 100,322

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 6,137 5,234
Bank loans - 2-5 years 19,358 17,192
Bank loans more 5 yr by instal 2,907 14,200
28,402 36,626

ASAP Direct Limited (Registered number: 09351226)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.3.24 31.3.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,907 14,200

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
S A Nelson
Balance outstanding at start of year - -
Amounts advanced 29,853 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 29,853 -

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
ASAP Direct Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of ASAP Direct Limited for the year ended 31 March 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of ASAP Direct Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of ASAP Direct Limited and state those matters that we have agreed to state to the director of ASAP Direct Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ASAP Direct Limited and its director for our work or for this report.

It is your duty to ensure that ASAP Direct Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of ASAP Direct Limited. You consider that ASAP Direct Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of ASAP Direct Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


6 September 2024