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REGISTERED NUMBER: 09069242 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

AS-ESSENTIALS LIMITED

AS-ESSENTIALS LIMITED (REGISTERED NUMBER: 09069242)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AS-ESSENTIALS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: J N Blackwood





REGISTERED OFFICE: Unit 3
Stutton Lane
Tattingstone
Ipswich
Suffolk
IP9 2NZ





REGISTERED NUMBER: 09069242 (England and Wales)





ACCOUNTANTS: Walter Wright
Chartered Accountants
89 High Street
Hadleigh
Ipswich
Suffolk
IP7 5EA

AS-ESSENTIALS LIMITED (REGISTERED NUMBER: 09069242)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 500 2,500
Tangible assets 5 126,686 102,311
Investments 6 18,316 16,683
145,502 121,494

CURRENT ASSETS
Stocks 57,355 50,200
Debtors 7 780,943 926,192
Cash at bank and in hand 565,665 296,570
1,403,963 1,272,962
CREDITORS
Amounts falling due within one year 8 158,273 216,620
NET CURRENT ASSETS 1,245,690 1,056,342
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,391,192

1,177,836

PROVISIONS FOR LIABILITIES 31,609 25,266
NET ASSETS 1,359,583 1,152,570

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 1,359,582 1,152,569
SHAREHOLDERS' FUNDS 1,359,583 1,152,570

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

AS-ESSENTIALS LIMITED (REGISTERED NUMBER: 09069242)

BALANCE SHEET - continued
31 MARCH 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 September 2024 and were signed by:





J N Blackwood - Director


AS-ESSENTIALS LIMITED (REGISTERED NUMBER: 09069242)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

AS-Essentials 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the sales of goods and services, is recognised on dispatch of the goods or provision of the service and excludes value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, 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.
Land and buildings - 10% on cost
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.


AS-ESSENTIALS LIMITED (REGISTERED NUMBER: 09069242)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 20,000
AMORTISATION
At 1 April 2023 17,500
Charge for year 2,000
At 31 March 2024 19,500
NET BOOK VALUE
At 31 March 2024 500
At 31 March 2023 2,500

AS-ESSENTIALS LIMITED (REGISTERED NUMBER: 09069242)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 9,961 160,610 170,571
Additions - 59,504 59,504
At 31 March 2024 9,961 220,114 230,075
DEPRECIATION
At 1 April 2023 8,715 59,545 68,260
Charge for year 996 34,133 35,129
At 31 March 2024 9,711 93,678 103,389
NET BOOK VALUE
At 31 March 2024 250 126,436 126,686
At 31 March 2023 1,246 101,065 102,311

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 16,683
Additions 517
Disposals (307 )
Revaluations 1,423
At 31 March 2024 18,316
NET BOOK VALUE
At 31 March 2024 18,316
At 31 March 2023 16,683

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2021 12,322
Cost 5,994
18,316

AS-ESSENTIALS LIMITED (REGISTERED NUMBER: 09069242)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 70,968 216,217
Other debtors 709,975 709,975
780,943 926,192

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 41,028 98,546
Taxation and social security 112,532 106,832
Other creditors 4,713 11,242
158,273 216,620