Company Registration No. 05567086 (England and Wales)
ASCA INTERNATIONAL LIMITED
Unaudited accounts
for the year ended 31 December 2023
ASCA INTERNATIONAL LIMITED
Unaudited accounts
Contents
ASCA INTERNATIONAL LIMITED
Company Information
for the year ended 31 December 2023
Directors
Dr Olaide Surajudeen Olaoye
Mutiu Omodolapo Olaoye
Rukayat Tejumola Olaoye
Tohib Babatunde Olaoye
Mutiu Omodolapo Olaoye
Rukayat Tejumola Olaoye
Tohib Babatunde Olaoye
Secretary
Dr Olaide Surajudeen Olaoye
Company Number
05567086 (England and Wales)
Registered Office
53 HAMPTON LANE
SOLIHULL
B91 2QD
United Kingdom
ASCA INTERNATIONAL LIMITED
Statement of financial position
as at 31 December 2023
Tangible assets
5,875
11,750
Cash at bank and in hand
18,787
-
Creditors: amounts falling due within one year
(8,083)
(1,686)
Net current assets
11,099
4,314
Total assets less current liabilities
16,974
16,064
Creditors: amounts falling due after more than one year
(16,917)
(23,334)
Net assets/(liabilities)
57
(7,270)
Called up share capital
1
1
Profit and loss account
56
(7,271)
Shareholders' funds
57
(7,270)
For the year ending 31 December 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.
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 24 September 2024 and were signed on its behalf by
Dr Olaide Surajudeen Olaoye
Director
Company Registration No. 05567086
ASCA INTERNATIONAL LIMITED
Notes to the Accounts
for the year ended 31 December 2023
ASCA INTERNATIONAL LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05567086. The registered office is 53 HAMPTON LANE, SOLIHULL, B91 2QD, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Fixtures & fittings
25% on cost
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.
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
29,375
500
29,875
At 31 December 2023
29,375
500
29,875
At 1 January 2023
17,625
500
18,125
Charge for the year
5,875
-
5,875
At 31 December 2023
23,500
500
24,000
At 31 December 2023
5,875
-
5,875
At 31 December 2022
11,750
-
11,750
ASCA INTERNATIONAL LIMITED
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
762
Taxes and social security
3,716
-
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).