Registered number
SC499512
ASERIES.INFO LTD
Unaudited Filleted Accounts
31 October 2024
ASERIES.INFO LTD
Registered number: SC499512
Balance Sheet
as at 31 October 2024
Notes 31/10/24 31/3/24
£ £
Current assets
Debtors 4 53 2,441
Cash at bank and in hand 3,235 13,054
3,288 15,495
Creditors: amounts falling due within one year 5 (281) (3,595)
Net current assets 3,007 11,900
Net assets 3,007 11,900
Capital and reserves
Called up share capital 100 100
Profit and loss account 2,907 11,800
Shareholder's funds 3,007 11,900
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Barry Whenman
Director
Approved by the board on 12 November 2024
ASERIES.INFO LTD
Notes to the Accounts
for the period from 1 April 2024 to 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared on a basis other than going concern 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer Equipment 33% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 31/10/24 31/3/24
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Computer Equipment
£
Cost
At 1 April 2024 218
Disposals (218)
At 31 October 2024 -
Depreciation
At 1 April 2024 218
On disposals (218)
At 31 October 2024 -
Net book value
At 31 October 2024 -
4 Debtors 31/10/24 31/3/24
£ £
Trade Debtors - 2,163
VAT Reclaimable 53 -
Prepayments & Accrued Income - 278
53 2,441
5 Creditors: amounts falling due within one year 31/10/24 31/3/24
£ £
Accruals - 413
Corporation Tax 281 1,387
VAT Payable - 1,795
281 3,595
6 Events after the reporting date
Following the cessation of trade in the period the company was dissolved post period end.
7 Other information
ASERIES.INFO LTD is a private company limited by shares and incorporated in Scotland. Its registered office is:
Clearwater
Gruline
Isle of Mull
PA71 6HR
ASERIES.INFO LTD SC499512 false 2024-04-01 2024-10-31 2024-10-31 VT Final Accounts July 2024 Barry Whenman No description of principal activity SC499512 2023-04-01 2024-03-31 SC499512 core:WithinOneYear 2024-03-31 SC499512 core:ShareCapital 2024-03-31 SC499512 core:RetainedEarningsAccumulatedLosses 2024-03-31 SC499512 2024-04-01 2024-10-31 SC499512 bus:PrivateLimitedCompanyLtd 2024-04-01 2024-10-31 SC499512 bus:AuditExemptWithAccountantsReport 2024-04-01 2024-10-31 SC499512 bus:Director40 2024-04-01 2024-10-31 SC499512 1 2024-04-01 2024-10-31 SC499512 2 2024-04-01 2024-10-31 SC499512 core:LandBuildings 2024-04-01 2024-10-31 SC499512 1 2024-04-01 2024-10-31 SC499512 countries:England 2024-04-01 2024-10-31 SC499512 bus:FRS102 2024-04-01 2024-10-31 SC499512 bus:FilletedAccounts 2024-04-01 2024-10-31 SC499512 2024-10-31 SC499512 core:WithinOneYear 2024-10-31 SC499512 core:ShareCapital 2024-10-31 SC499512 core:RetainedEarningsAccumulatedLosses 2024-10-31 SC499512 core:LandBuildings 2024-10-31 SC499512 2024-03-31 SC499512 core:LandBuildings 2024-03-31 iso4217:GBP xbrli:pure