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Company Registration No. 06527411 (England and Wales)
ASC FINANCIAL SOLUTIONS LIMITED Unaudited accounts for the year ended 30 April 2024
ASC FINANCIAL SOLUTIONS LIMITED Unaudited accounts Contents
Page
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ASC FINANCIAL SOLUTIONS LIMITED Company Information for the year ended 30 April 2024
Director
Adrian Cook
Company Number
06527411 (England and Wales)
Registered Office
19 SHIRWELL CRESCENT FURZTON MILTON KEYNES MK4 1GA ENGLAND
Accountants
Bidwell Accountancy Limited 103 Milton Keynes Business Centre Foxhunter Drive Milton Keynes Buckinghamshire MK14 6GD
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ASC FINANCIAL SOLUTIONS LIMITED Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
88,591 
81,127 
Current assets
Cash at bank and in hand
191,449 
265,420 
Creditors: amounts falling due within one year
(31,923)
(198,851)
Net current assets
159,526 
66,569 
Total assets less current liabilities
248,117 
147,696 
Creditors: amounts falling due after more than one year
(56,227)
(76,794)
Net assets
191,890 
70,902 
Capital and reserves
Called up share capital
200 
200 
Profit and loss account
191,690 
70,702 
Shareholders' funds
191,890 
70,902 
For the year ending 30 April 2024 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 15 July 2024 and were signed on its behalf by
Adrian Cook Director Company Registration No. 06527411
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ASC FINANCIAL SOLUTIONS LIMITED Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
ASC FINANCIAL SOLUTIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06527411. The registered office is 19 SHIRWELL CRESCENT, FURZTON, MILTON KEYNES, MK4 1GA, 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.
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:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss. Grant recognition policy adopted under Accruals Model. Coronavirus Job retention Scheme ? £64,078.49 All conditions and contingencies have been met for the grant(s). The entity has not benefitted from any other government assistance schemes.
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ASC FINANCIAL SOLUTIONS LIMITED Notes to the Accounts for the year ended 30 April 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 May 2023
427,000 
At 30 April 2024
427,000 
Amortisation
At 1 May 2023
427,000 
At 30 April 2024
427,000 
Net book value
At 30 April 2024
- 
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 May 2023
26,680 
103,334 
9,672 
17,818 
157,504 
Additions
- 
- 
- 
7,079 
7,079 
At 30 April 2024
26,680 
103,334 
9,672 
24,897 
164,583 
Depreciation
At 1 May 2023
42,213 
21,097 
776 
12,291 
76,377 
Charge for the year
328 
10,204 
3,224 
2,705 
16,461 
On disposals
(16,846)
- 
- 
- 
(16,846)
At 30 April 2024
25,695 
31,301 
4,000 
14,996 
75,992 
Net book value
At 30 April 2024
985 
72,033 
5,672 
9,901 
88,591 
At 30 April 2023
(15,533)
82,237 
8,896 
5,527 
81,127 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
Obligations under finance leases and hire purchase contracts
10,567 
10,567 
Trade creditors
27,150 
40,866 
Taxes and social security
226,242 
133,106 
Other creditors
7,964 
4,312 
Loans from directors
(250,000)
- 
31,923 
198,851 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,667 
21,667 
Obligations under finance leases and hire purchase contracts
44,560 
55,127 
56,227 
76,794 
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ASC FINANCIAL SOLUTIONS LIMITED Notes to the Accounts for the year ended 30 April 2024
8
Average number of employees
During the year the average number of employees was 11 (2023: 10).
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