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REGISTERED NUMBER: 04608531 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

Asan Management Services Ltd

Asan Management Services Ltd (Registered number: 04608531)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Statement of Changes in Equity 5

Notes to the Financial Statements 6


Asan Management Services Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P W Davis
C H Gough





REGISTERED OFFICE: The Community Centre
All Saints Road
Wolverhampton
WV2 1EL





REGISTERED NUMBER: 04608531 (England and Wales)





ACCOUNTANTS: TAG Assurance Services Limited
8 Pendeford Place
Pendeford Business Park
Wolverhampton
West Midlands
WV9 5HD

Asan Management Services Ltd (Registered number: 04608531)

Report of the Directors
for the Year Ended 31 March 2024

The directors present their report with the financial statements of the company for the year ended 31 March 2024.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

P W Davis
C H Gough

POLITICAL DONATIONS AND EXPENDITURE
The company has gifted none (none in 2022/23) of its profits to the parent company.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





P W Davis - Director


1 October 2024

Asan Management Services Ltd (Registered number: 04608531)

Income Statement
for the Year Ended 31 March 2024

2024 2023
Notes £    £   

TURNOVER 186,423 190,865

Cost of sales 140,536 136,255
GROSS PROFIT 45,887 54,610

Administrative expenses 64,433 65,673
(18,546 ) (11,063 )

Other operating income 12,500 -
OPERATING LOSS and
LOSS BEFORE TAXATION (6,046 ) (11,063 )

Tax on loss 5 - -
LOSS FOR THE FINANCIAL YEAR (6,046 ) (11,063 )

Asan Management Services Ltd (Registered number: 04608531)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 72,353 79,103

CURRENT ASSETS
Debtors 7 35,867 41,893
Cash at bank and in hand 99,269 175,459
135,136 217,352
CREDITORS
Amounts falling due within one year 8 170,781 237,855
NET CURRENT LIABILITIES (35,645 ) (20,503 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,708

58,600

ACCRUALS AND DEFERRED INCOME 45,907 61,753
NET LIABILITIES (9,199 ) (3,153 )

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 (9,200 ) (3,154 )
SHAREHOLDERS' FUNDS (9,199 ) (3,153 )

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 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by:





P W Davis - Director


Asan Management Services Ltd (Registered number: 04608531)

Statement of Changes in Equity
for the Year Ended 31 March 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 April 2022 1 7,909 7,910

Changes in equity
Total comprehensive income - (11,063 ) (11,063 )
Balance at 31 March 2023 1 (3,154 ) (3,153 )

Changes in equity
Total comprehensive income - (6,046 ) (6,046 )
Balance at 31 March 2024 1 (9,200 ) (9,199 )

Asan Management Services Ltd (Registered number: 04608531)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Asan Management Services Ltd 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 represents net income from the sale of goods, use of sports field and conferencing facilities and from wood collections.

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 cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

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.

Government grants
Government grants receivable in respect of capital expenditure are spread over the lifetimes of the assets to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

The average number of employees during the year was nil.

Staff are employed by the parent charity and staff costs are recharged to the company.

4. OPERATING LOSS

The operating loss is stated after charging:

2024 2023
£    £   
Depreciation - owned assets 19,586 16,520

Asan Management Services Ltd (Registered number: 04608531)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TAXATION

Analysis of the tax charge
No liability to UK corporation tax arose for the year ended 31 March 2024 nor for the year ended 31 March 2023.

6. TANGIBLE FIXED ASSETS
Sports
field and Leasehold Plant and
amenities improvements machinery
£    £    £   
COST
At 1 April 2023 310,052 5,380 36,939
Additions - - -
At 31 March 2024 310,052 5,380 36,939
DEPRECIATION
At 1 April 2023 241,600 5,380 32,663
Charge for year 12,402 - 1,069
At 31 March 2024 254,002 5,380 33,732
NET BOOK VALUE
At 31 March 2024 56,050 - 3,207
At 31 March 2023 68,452 - 4,276

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 10,938 15,796 9,702 388,807
Additions 12,836 - - 12,836
At 31 March 2024 23,774 15,796 9,702 401,643
DEPRECIATION
At 1 April 2023 7,904 12,985 9,172 309,704
Charge for year 5,237 703 175 19,586
At 31 March 2024 13,141 13,688 9,347 329,290
NET BOOK VALUE
At 31 March 2024 10,633 2,108 355 72,353
At 31 March 2023 3,034 2,811 530 79,103

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 23,301 29,554
Other debtors 1,667 1,667
Prepayments and accrued income 10,899 10,672
35,867 41,893

Asan Management Services Ltd (Registered number: 04608531)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 20,501 25,754
Amounts owed to group undertakings 141,571 203,398
Social security and other taxes 4,131 4,410
Other creditors 789 789
Accrued expenses 3,789 3,504
170,781 237,855

9. CALLED UP SHARE CAPITAL

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

10. RESERVES
Retained
earnings
£   

At 1 April 2023 (3,154 )
Deficit for the year (6,046 )
At 31 March 2024 (9,200 )

11. RELATED PARTY DISCLOSURES

The company has gifted £0 (2023: £0) of its profits to the parent company.