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REGISTERED NUMBER: 07292589 (England and Wales)















ASG ELECTRICAL INSTALLATIONS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024






ASG ELECTRICAL INSTALLATIONS LIMITED (REGISTERED NUMBER: 07292589)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ASG ELECTRICAL INSTALLATIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: Mr. A S Gardener
Mr M J Roberts





REGISTERED OFFICE: 44 Glenwood
Llanedeyrn
Cardiff
CF23 6US





REGISTERED NUMBER: 07292589 (England and Wales)





ACCOUNTANTS: Carston Chartered Accountants
Tudor House
16 Cathedral Road
Cardiff
CF11 9LJ

ASG ELECTRICAL INSTALLATIONS LIMITED (REGISTERED NUMBER: 07292589)

STATEMENT OF FINANCIAL POSITION
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 87,412 95,349
87,412 95,349

CURRENT ASSETS
Debtors 6 70,353 29,722
Cash at bank 269,574 156,919
339,927 186,641
CREDITORS
Amounts falling due within one year 7 202,449 129,751
NET CURRENT ASSETS 137,478 56,890
TOTAL ASSETS LESS CURRENT LIABILITIES 224,890 152,239

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 224,790 152,139
SHAREHOLDERS' FUNDS 224,890 152,239

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements were approved by the Board of Directors and authorised for issue on 25th September 2024 and were signed on its behalf by:





Mr. A S Gardener - Director


ASG ELECTRICAL INSTALLATIONS LIMITED (REGISTERED NUMBER: 07292589)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024


1. STATUTORY INFORMATION

ASG Electrical Installations 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 reducing balance
Computer equipment - 20% on reducing balance

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.

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 9 (2023 - 2 ) .

ASG ELECTRICAL INSTALLATIONS LIMITED (REGISTERED NUMBER: 07292589)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st July 2023
and 30th June 2024 10,000
AMORTISATION
At 1st July 2023
and 30th June 2024 10,000
NET BOOK VALUE
At 30th June 2024 -
At 30th June 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st July 2023 155,773 22,696 178,469
Additions 32,750 1,649 34,399
Disposals (35,800 ) - (35,800 )
At 30th June 2024 152,723 24,345 177,068
DEPRECIATION
At 1st July 2023 72,202 10,918 83,120
Charge for year 19,167 2,685 21,852
Eliminated on disposal (15,316 ) - (15,316 )
At 30th June 2024 76,053 13,603 89,656
NET BOOK VALUE
At 30th June 2024 76,670 10,742 87,412
At 30th June 2023 83,571 11,778 95,349

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 50,353 12,076
Other debtors 20,000 17,646
70,353 29,722

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 36,324 23,500
Taxation and social security 84,220 21,871
Other creditors 81,905 84,380
202,449 129,751

ASG ELECTRICAL INSTALLATIONS LIMITED (REGISTERED NUMBER: 07292589)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100