1 March 2023 false No description of principal activity Taxfiler 2024.6 12450154business:PrivateLimitedCompanyLtd2023-03-012024-02-29 124501542023-02-28 124501542023-03-012024-02-29 12450154business:AuditExempt-NoAccountantsReport2023-03-012024-02-29 12450154business:FilletedAccounts2023-03-012024-02-29 124501542024-02-29 12450154business:Director12023-03-012024-02-29 12450154business:RegisteredOffice2023-03-012024-02-29 124501542023-02-28 12450154core:WithinOneYear2024-02-29 12450154core:WithinOneYear2023-02-28 12450154core:AfterOneYear2024-02-29 12450154core:AfterOneYear2023-02-28 12450154core:ShareCapitalcore:PreviouslyStatedAmount2024-02-29 12450154core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 12450154core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-29 12450154core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 12450154core:PreviouslyStatedAmount2024-02-29 12450154core:PreviouslyStatedAmount2023-02-28 12450154business:SmallEntities2023-03-012024-02-29 12450154countries:EnglandWales2023-03-012024-02-29 12450154core:PlantMachinery2023-03-012024-02-29 12450154core:PlantMachinery2023-02-28 12450154core:PlantMachinery2024-02-29 124501542022-03-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. 12450154 (England and Wales)
ASBERG CONCEPT LTD Unaudited accounts for the year ended 29 February 2024
ASBERG CONCEPT LTD Unaudited accounts Contents
Page
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ASBERG CONCEPT LTD Company Information for the year ended 29 February 2024
Director
Arthur OKUNGU
Company Number
12450154 (England and Wales)
Registered Office
207 CRANBROOK ROAD, SUITE 1 CRANBROOK RO ILFORD IG1 4TD ENGLAND
Accountants
LS ACCOUNTANTS SERVICES LTD 1st Floor, Office Suite 4-316e Ilford Lane Ilford Essex IG1 2LT
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ASBERG CONCEPT LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
703 
938 
Current assets
Debtors
32,648 
42,000 
Cash at bank and in hand
190 
210 
32,838 
42,210 
Creditors: amounts falling due within one year
(33,150)
(42,315)
Net current liabilities
(312)
(105)
Total assets less current liabilities
391 
833 
Creditors: amounts falling due after more than one year
- 
(430)
Net assets
391 
403 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
291 
303 
Shareholders' funds
391 
403 
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 November 2024 and were signed on its behalf by
Arthur OKUNGU Director Company Registration No. 12450154
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ASBERG CONCEPT LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
ASBERG CONCEPT LTD is a private company, limited by shares, registered in England and Wales, registration number 12450154. The registered office is 207 CRANBROOK ROAD, SUITE 1 CRANBROOK RO, ILFORD, IG1 4TD, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2023
2,000 
At 29 February 2024
2,000 
Depreciation
At 1 March 2023
1,062 
Charge for the year
235 
At 29 February 2024
1,297 
Net book value
At 29 February 2024
703 
At 28 February 2023
938 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
32,648 
42,000 
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ASBERG CONCEPT LTD Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
30,000 
42,000 
Other creditors
180 
180 
Loans from directors
2,670 
(165)
Accruals
300 
300 
33,150 
42,315 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
- 
430 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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