2023-09-012024-08-312024-08-31false10935835Asset Mills Ltd2024-09-19iso4217:GBPxbrli:pure109358352023-09-01109358352024-08-31109358352023-09-012024-08-31109358352022-09-01109358352023-08-31109358352022-09-012023-08-3110935835bus:SmallEntities2023-09-012024-08-3110935835bus:AuditExempt-NoAccountantsReport2023-09-012024-08-3110935835bus:FullAccounts2023-09-012024-08-3110935835bus:PrivateLimitedCompanyLtd2023-09-012024-08-3110935835core:WithinOneYear2024-08-3110935835core:AfterOneYear2024-08-3110935835core:WithinOneYear2023-08-3110935835core:AfterOneYear2023-08-3110935835core:ShareCapital2024-08-3110935835core:SharePremium2024-08-3110935835core:RevaluationReserve2024-08-3110935835core:OtherReservesSubtotal2024-08-3110935835core:RetainedEarningsAccumulatedLosses2024-08-3110935835core:ShareCapital2023-08-3110935835core:SharePremium2023-08-3110935835core:RevaluationReserve2023-08-3110935835core:OtherReservesSubtotal2023-08-3110935835core:RetainedEarningsAccumulatedLosses2023-08-3110935835core:LandBuildings2024-08-3110935835core:PlantMachinery2024-08-3110935835core:Vehicles2024-08-3110935835core:FurnitureFittings2024-08-3110935835core:OfficeEquipment2024-08-3110935835core:NetGoodwill2024-08-3110935835core:IntangibleAssetsOtherThanGoodwill2024-08-3110935835core:ListedExchangeTraded2024-08-3110935835core:UnlistedNon-exchangeTraded2024-08-3110935835core:LandBuildings2023-08-3110935835core:PlantMachinery2023-08-3110935835core:Vehicles2023-08-3110935835core:FurnitureFittings2023-08-3110935835core:OfficeEquipment2023-08-3110935835core:NetGoodwill2023-08-3110935835core:IntangibleAssetsOtherThanGoodwill2023-08-3110935835core:ListedExchangeTraded2023-08-3110935835core:UnlistedNon-exchangeTraded2023-08-3110935835core:LandBuildings2023-09-012024-08-3110935835core:PlantMachinery2023-09-012024-08-3110935835core:Vehicles2023-09-012024-08-3110935835core:FurnitureFittings2023-09-012024-08-3110935835core:OfficeEquipment2023-09-012024-08-3110935835core:NetGoodwill2023-09-012024-08-3110935835core:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-3110935835core:ListedExchangeTraded2023-09-012024-08-3110935835core:UnlistedNon-exchangeTraded2023-09-012024-08-3110935835core:MoreThanFiveYears2023-09-012024-08-3110935835core:Non-currentFinancialInstruments2024-08-3110935835core:Non-currentFinancialInstruments2023-08-3110935835dpl:CostSales2023-09-012024-08-3110935835dpl:DistributionCosts2023-09-012024-08-3110935835core:LandBuildings2023-09-012024-08-3110935835core:PlantMachinery2023-09-012024-08-3110935835core:Vehicles2023-09-012024-08-3110935835core:FurnitureFittings2023-09-012024-08-3110935835core:OfficeEquipment2023-09-012024-08-3110935835dpl:AdministrativeExpenses2023-09-012024-08-3110935835core:NetGoodwill2023-09-012024-08-3110935835core:IntangibleAssetsOtherThanGoodwill2023-09-012024-08-3110935835dpl:GroupUndertakings2023-09-012024-08-3110935835dpl:ParticipatingInterests2023-09-012024-08-3110935835dpl:GroupUndertakingscore:ListedExchangeTraded2023-09-012024-08-3110935835core:ListedExchangeTraded2023-09-012024-08-3110935835dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-09-012024-08-3110935835core:UnlistedNon-exchangeTraded2023-09-012024-08-3110935835dpl:CostSales2022-09-012023-08-3110935835dpl:DistributionCosts2022-09-012023-08-3110935835core:LandBuildings2022-09-012023-08-3110935835core:PlantMachinery2022-09-012023-08-3110935835core:Vehicles2022-09-012023-08-3110935835core:FurnitureFittings2022-09-012023-08-3110935835core:OfficeEquipment2022-09-012023-08-3110935835dpl:AdministrativeExpenses2022-09-012023-08-3110935835core:NetGoodwill2022-09-012023-08-3110935835core:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-3110935835dpl:GroupUndertakings2022-09-012023-08-3110935835dpl:ParticipatingInterests2022-09-012023-08-3110935835dpl:GroupUndertakingscore:ListedExchangeTraded2022-09-012023-08-3110935835core:ListedExchangeTraded2022-09-012023-08-3110935835dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-09-012023-08-3110935835core:UnlistedNon-exchangeTraded2022-09-012023-08-3110935835core:NetGoodwill2024-08-3110935835core:IntangibleAssetsOtherThanGoodwill2024-08-3110935835core:LandBuildings2024-08-3110935835core:PlantMachinery2024-08-3110935835core:Vehicles2024-08-3110935835core:FurnitureFittings2024-08-3110935835core:OfficeEquipment2024-08-3110935835core:AfterOneYear2024-08-3110935835core:WithinOneYear2024-08-3110935835core:ListedExchangeTraded2024-08-3110935835core:UnlistedNon-exchangeTraded2024-08-3110935835core:ShareCapital2024-08-3110935835core:SharePremium2024-08-3110935835core:RevaluationReserve2024-08-3110935835core:OtherReservesSubtotal2024-08-3110935835core:RetainedEarningsAccumulatedLosses2024-08-3110935835core:NetGoodwill2023-08-3110935835core:IntangibleAssetsOtherThanGoodwill2023-08-3110935835core:LandBuildings2023-08-3110935835core:PlantMachinery2023-08-3110935835core:Vehicles2023-08-3110935835core:FurnitureFittings2023-08-3110935835core:OfficeEquipment2023-08-3110935835core:AfterOneYear2023-08-3110935835core:WithinOneYear2023-08-3110935835core:ListedExchangeTraded2023-08-3110935835core:UnlistedNon-exchangeTraded2023-08-3110935835core:ShareCapital2023-08-3110935835core:SharePremium2023-08-3110935835core:RevaluationReserve2023-08-3110935835core:OtherReservesSubtotal2023-08-3110935835core:RetainedEarningsAccumulatedLosses2023-08-3110935835core:NetGoodwill2022-09-0110935835core:IntangibleAssetsOtherThanGoodwill2022-09-0110935835core:LandBuildings2022-09-0110935835core:PlantMachinery2022-09-0110935835core:Vehicles2022-09-0110935835core:FurnitureFittings2022-09-0110935835core:OfficeEquipment2022-09-0110935835core:AfterOneYear2022-09-0110935835core:WithinOneYear2022-09-0110935835core:ListedExchangeTraded2022-09-0110935835core:UnlistedNon-exchangeTraded2022-09-0110935835core:ShareCapital2022-09-0110935835core:SharePremium2022-09-0110935835core:RevaluationReserve2022-09-0110935835core:OtherReservesSubtotal2022-09-0110935835core:RetainedEarningsAccumulatedLosses2022-09-0110935835core:AfterOneYear2023-09-012024-08-3110935835core:WithinOneYear2023-09-012024-08-3110935835core:Non-currentFinancialInstrumentscore:CostValuation2023-09-012024-08-3110935835core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-09-012024-08-3110935835core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-09-012024-08-3110935835core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-09-012024-08-3110935835core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-09-012024-08-3110935835core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-09-012024-08-3110935835core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-09-012024-08-3110935835core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-09-012024-08-3110935835core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-09-012024-08-3110935835core:Non-currentFinancialInstrumentscore:CostValuation2024-08-3110935835core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-08-3110935835core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-08-3110935835core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-08-3110935835core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-08-3110935835core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-08-3110935835core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-08-3110935835core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-08-3110935835core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-08-3110935835core:Non-currentFinancialInstrumentscore:CostValuation2023-08-3110935835core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-08-3110935835core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-08-3110935835core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-08-3110935835core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-08-3110935835core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-08-3110935835core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-08-3110935835core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-08-3110935835core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-08-3110935835bus:Director12023-09-012024-08-31

Asset Mills Ltd

Registered Number
10935835
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

Asset Mills Ltd
Company Information
for the year from 1 September 2023 to 31 August 2024

Director

DESOUKY, Khalid Farouk

Registered Address

Unit 44 Halliwell Industrial Estate
Rossini Street
Bolton
BL1 8DL

Registered Number

10935835 (England and Wales)
Asset Mills Ltd
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3-1,250
-1,250
Current assets
Stocks4-123,438
Debtors5,665860,000
Cash at bank and on hand946,002
752189,440
Creditors amounts falling due within one year7(5,877)(127,910)
Net current assets (liabilities)(5,125)61,530
Total assets less current liabilities(5,125)62,780
Creditors amounts falling due after one year8-(50,555)
Net assets(5,125)12,225
Capital and reserves
Called up share capital11
Profit and loss account(5,126)12,224
Shareholders' funds(5,125)12,225
The financial statements were approved and authorised for issue by the Director on 19 September 2024, and are signed on its behalf by:
DESOUKY, Khalid Farouk
Director
Registered Company No. 10935835
Asset Mills Ltd
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year12
3.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 September 235,0001,5056,505
At 31 August 245,0001,5056,505
Depreciation and impairment
At 01 September 233,7501,5055,255
Charge for year1,250-1,250
At 31 August 245,0001,5056,505
Net book value
At 31 August 24---
At 31 August 231,250-1,250
4.Stocks

2024

2023

££
Finished goods-123,438
Total-123,438
5.Debtors: amounts due within one year

2024

2023

££
Other debtors65860,000
Total65860,000
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
6.Debtors: amounts due after one year
Long term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad debts.
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables30227,965
Bank borrowings and overdrafts-2
Taxation and social security1,25031,102
Other creditors4,32568,841
Total5,877127,910
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Creditors: amounts due after one year

2024

2023

££
Other creditors-50,555
Total-50,555
Long term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.