Asimi Holdings Limited 12866023 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is wholesale of watches and jewellery Digita Accounts Production Advanced 6.30.9574.0 true 12866023 2023-01-01 2023-12-31 12866023 2023-12-31 12866023 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 12866023 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 12866023 bus:Micro-entities 2023-01-01 2023-12-31 12866023 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 12866023 bus:FilletedAccounts 2023-01-01 2023-12-31 12866023 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12866023 bus:RegisteredOffice 2023-01-01 2023-12-31 12866023 bus:Director1 2023-01-01 2023-12-31 12866023 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12866023 countries:EnglandWales 2023-01-01 2023-12-31 12866023 2022-02-01 2022-12-31 12866023 2022-12-31 12866023 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 12866023 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 12866023

Asimi Holdings Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Asimi Holdings Limited

Contents

Balance Sheet

1

Detailed Profit and Loss Account

2 to 4

Notes to the Unaudited Financial Statements

5

 

Asimi Holdings Limited

(Registration number: 12866023)
Balance Sheet as at 31 December 2023

31 December
2023
£

31 December
2022
£

Fixed assets

1,621,806

1,621,717

Current assets

531,716

257,104

Prepayments and accrued income

1,131

-

Creditors: Amounts falling due within one year

(176,469)

(554,002)

Net current assets/(liabilities)

356,378

(296,898)

Total assets less current liabilities

1,978,184

1,324,819

Creditors: Amounts falling due after more than one year

(2,016,380)

(1,523,812)

Accruals and deferred income

(3,750)

-

 

(41,946)

(198,993)

Capital and reserves

(41,946)

(198,993)

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved and authorised by the director on 23 September 2024
 

Mr J S Wood
Director

   
     
 

Asimi Holdings Limited

Detailed Profit and Loss Account for the Year Ended 31 December 2023

2023
£

31 December
2022
£

Turnover (analysed below)

421,684

205,219

Cost of sales (analysed below)

(199,921)

(222,785)

Gross profit/(loss)

221,763

(17,566)

Gross profit (%)

52.59%

(8.56)%

Administrative expenses

Employment costs (analysed below)

(81,082)

(68,500)

Establishment costs (analysed below)

(11,562)

-

General administrative expenses (analysed below)

(70,256)

(70,971)

Finance charges (analysed below)

(1,173)

(509)

Depreciation costs (analysed below)

(1,342)

(985)

(165,415)

(140,965)

Other operating income (analysed below)

144,674

-

Operating profit/(loss)

201,022

(158,531)

Other interest receivable and similar income (analysed below)

18,659

-

Interest payable and similar expenses (analysed below)

(3)

-

18,656

-

Profit/(loss) before tax

219,678

(158,531)

 

Asimi Holdings Limited

Detailed Profit and Loss Account for the Year Ended 31 December 2023

2023
£

31 December
2022
£

   

Turnover

Sale of goods, UK

179,434

166,869

Stock recharge receivable

242,250

38,350

421,684

205,219

   

Cost of sales

Opening raw materials

(79,714)

(33,388)

Purchases

(399,686)

(151,106)

Import Duty

(9,135)

(5,128)

Closing raw materials

414,170

79,714

Packaging material

(36,843)

(12,365)

Freight and carriage

(31,967)

(11,813)

Advertising

(11,272)

(27,345)

Stock holding and service fees

-

(2,322)

Commissions payable

(45,474)

(59,032)

(199,921)

(222,785)

   

Employment costs

Wages and salaries (excluding directors)

(72,000)

(60,871)

Staff NIC (employer's)

(7,321)

(6,587)

Staff pensions (defined contribution)

(1,761)

(1,042)

(81,082)

(68,500)

   

Establishment costs

Rent

(11,185)

-

Insurance

(377)

-

(11,562)

-

   

General administrative expenses

Telephone and internet costs

(776)

(132)

Computer software and maintenance costs

(12,903)

(16,010)

Printing, postage and stationery

(2,126)

(194)

Trade subscriptions

(3,162)

(99)

Sundry expenses

(150)

(375)

Travel and subsistence

(14,390)

(15,677)

Advertising

(16,069)

(7,899)

Customer entertaining

(2,023)

(3,691)

Accountancy fees

(18,125)

(3,243)

Legal and professional fees

(532)

(23,651)

(70,256)

(70,971)

 

Asimi Holdings Limited

Detailed Profit and Loss Account for the Year Ended 31 December 2023

2023
£

31 December
2022
£

   

Finance charges

Bank charges

(1,128)

(464)

Credit card charges

(45)

(45)

(1,173)

(509)

   

Depreciation costs

Depreciation of office equipment

(1,342)

(985)

   

Other operating income

Recharged costs to subsidiary

144,674

-

   

Other interest receivable and similar income

Foreign currency gains/(losses)

18,659

-

   

Interest payable and similar expenses

Bank interest payable

(3)

-

 

Asimi Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Mayflower
5c Castle Road
Chelston Business Park
Wellington
TA21 9JQ

These financial statements were authorised for issue by the director on 23 September 2024.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

The financial statements are prepared in sterling, which is the functional currency of the company, and rounded to the nearest £.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year was 3 (2022 - 3).