Asnu Corporation Europe Ltd |
Registered Number:03322002 |
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2024
Asnu Corporation Europe Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
Asnu Corporation Europe Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
98,881
157,919
2
98,881
157,919
828,000
900,000
3
Trade and other receivables |
672,004
410,048
4
139,279
Cash and cash equivalents |
176,657
1,486,705
1,639,283
Trade and other payables: amounts falling due within one |
year |
(652,036)
(479,087)
5
987,247
1,007,618
Net current assets
Total assets less current liabilities |
1,106,499
1,145,166
Trade and other payables: amounts falling due after more |
than one year |
(183,333)
(133,333)
6
973,166
Net assets
961,833
30,000
30,000
943,166
931,833
973,166
961,833
Shareholders' funds
For the year ended 31 March 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 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 proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Mr Phillip James Ellisdon Director |
These financial statements were approved and authorised for issue by the Board on 01 November 2024 and were signed by: |
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For the year ended 31 March 2024
Asnu Corporation Europe Ltd
Statement of Financial Position Continued
The notes form part of these financial statements |
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For the year ended 31 March 2024
Asnu Corporation Europe Ltd
Notes to the Financial Statements
Statutory Information
Asnu Corporation Europe Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 03322002. |
23 Porters Wood
St Albans
Hertfordshire
AL3 6PQ
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Fixtures and fittings
No depreciation is provided on the company''s freehold properties since in the opinion of the directors the expected |
useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation |
would be immaterial. The directors undertake an annual impairment review of these properties. |
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 March 2024
Asnu Corporation Europe Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
381,666
98,885
35,693
247,088
1,494
1,494
-
-
247,088
35,693
100,379
383,160
Provision for depreciation and impairment |
223,747
93,528
35,693
94,526
Charge for year
60,532
5,162
-
55,370
284,279
98,690
35,693
149,896
97,192
-
1,689
98,881
152,562
-
5,357
157,919
2023
2024
900,000
828,000
4. Trade and other receivables |
2023
2024
357,613
561,510
52,435
110,494
672,004
410,048
5. Trade and other payables: amounts falling due within one year |
2023
2024
50,000
50,000
221,866
252,308
Taxation and social security |
5,509
34,685
201,712
315,043
479,087
652,036
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For the year ended 31 March 2024
Asnu Corporation Europe Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year |
2023
2024
133,333
183,333
7. Average number of persons employed |
During the year the average number of employees was 16 (2023 : 15)
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