1 August 2023 false No description of principal activity Taxfiler 2024.5 OC356286business:LimitedLiabilityPartnershipLLP2023-08-012024-07-31 OC3562862023-07-31 OC3562862023-08-012024-07-31 OC356286business:AuditExempt-NoAccountantsReport2023-08-012024-07-31 OC356286business:FullAccounts2023-08-012024-07-31 OC3562862024-07-31 OC356286business:PartnerLLP12023-08-012024-07-31 OC356286business:PartnerLLP22023-08-012024-07-31 OC356286business:PartnerLLP32023-08-012024-07-31 OC356286business:RegisteredOffice2023-08-012024-07-31 OC3562862023-07-31 OC356286core:WithinOneYear2024-07-31 OC356286core:WithinOneYear2023-07-31 OC356286core:RetainedEarningsAccumulatedLosses2024-07-31 OC356286core:RetainedEarningsAccumulatedLosses2023-07-31 OC356286business:SmallEntities2023-08-012024-07-31 OC356286countries:EnglandWales2023-08-012024-07-31 OC356286core:IntangibleAssetsOtherThanGoodwill2023-07-31 OC356286core:IntangibleAssetsOtherThanGoodwill2024-07-31 OC356286core:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-31 OC3562862022-08-012023-07-31 iso4217:GBP xbrli:pure
Registered No. OC356286 (England and Wales)
ASCA TRADE LLP Unaudited accounts for the year ended 31 July 2024
ASCA TRADE LLP LLP Information for the year ended 31 July 2024
Designated members
Larisa Adamenko
Mariia Fadeeva
Sergey Myaz
Registered Number
OC356286 (England and Wales)
Registered Office
61 Bridge Street Kington Herefordshire HR5 3DJ United Kingdom
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ASCA TRADE LLP Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
691,103 
863,879 
Current assets
Debtors
462,952 
515,544 
Cash at bank and in hand
175,776 
1,229 
638,728 
516,773 
Creditors: amounts falling due within one year
(527,006)
(882,964)
Net current assets/(liabilities)
111,722 
(366,191)
Net assets attributable to members
802,825 
497,688 
Represented by:
Loans and other debts due to members
355,957 
Members' other interests
Other reserves
446,868 
497,688 
802,825 
497,688 
Total members' interests
Loans and other debts due to members
355,957 
Members' other interests
446,868 
497,688 
802,825 
497,688 
For the year ending 31 July 2024 the LLP was entitled to exemption under section 477 of the Companies Act 2006 (as applied to LLPs) relating to small LLPs.
The members acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 (as applied to LLPs) with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to LLPs subject to the small LLPs regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the members on 3 September 2024.
Mariia Fadeeva Designated member Limited Liability Partnership Registration No. OC356286
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ASCA TRADE LLP Notes to the Accounts for the year ended 31 July 2024
1
Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard) and the Statement of Recommended Practice (SORP), Accounting by Limited Liability Partnerships.
Presentation currency
The accounts are presented in £ sterling.
Members' capital
Members' capital is classified as debt and not equity if there is a contractual obligation for the LLP to repay the capital, even if that obligation is conditional.
Taxation
Taxation is not provided for in the accounts as taxation is the personal liability of the members. Any amounts held by the LLP on behalf of members in respect of their tax liabilities are treated as debts due to members.
Division of profits
Profits are treated as being available for discretionary division only if the LLP has an unconditional right to refuse payment of the profits of a particular year unless and until the members agree to divide them. Profits are otherwise automatically divided and included under Members' remuneration charged as an expense in the profit and loss account.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. 20% on Reducing balance
2
Statutory information
ASCA TRADE LLP is a limited liability partnership, incorporated in England and Wales, registration number OC356286. Its registered office is 61 Bridge Street, Kington, Herefordshire, HR5 3DJ, United Kingdom.
3
Intangible fixed assets
Other 
£ 
Cost
At 1 August 2023
863,879 
At 31 July 2024
863,879 
Amortisation
At 1 August 2023
- 
Charge for the year
172,776 
At 31 July 2024
172,776 
Net book value
At 31 July 2024
691,103 
At 31 July 2023
863,879 
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ASCA TRADE LLP Notes to the Accounts for the year ended 31 July 2024
4
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
60,491 
- 
Other creditors
466,515 
882,964 
527,006 
882,964 
5
Loans and other debts due to members
2024 
2023 
£ 
£ 
Members' capital classified as a liability
355,957 
Amounts falling due within one year
355,957 
Loans and other debts due to members rank equally with debts due to other unsecured creditors in the event of a winding up.
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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