2023-03-012024-02-292024-02-29false12869067ASF 20 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ASF 20 LTD

Registered Number
12869067
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

ASF 20 LTD
Company Information
for the year from 1 March 2023 to 29 February 2024

Director

ATKINSON, Richard

Registered Address

Hawthorns Scarle Lane
Eagle
Lincoln
LN6 9EJ

Registered Number

12869067 (England and Wales)
ASF 20 LTD
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,6161,589
Investments494,78094,780
97,39696,369
Current assets
Cash at bank and on hand77,25643,193
77,25643,193
Creditors amounts falling due within one year5(13,904)(11,402)
Net current assets (liabilities)63,35231,791
Total assets less current liabilities160,748128,160
Creditors amounts falling due after one year(31,357)(31,160)
Net assets129,39197,000
Capital and reserves
Called up share capital140140
Profit and loss account129,25196,860
Shareholders' funds129,39197,000
The financial statements were approved and authorised for issue by the Director on 30 November 2024, and are signed on its behalf by:
ATKINSON, Richard
Director
Registered Company No. 12869067
ASF 20 LTD
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Office Equipment20
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year32
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 March 232,435
Additions1,680
At 29 February 244,115
Depreciation and impairment
At 01 March 23845
Charge for year654
At 29 February 241,499
Net book value
At 29 February 242,616
At 28 February 231,589
4.Fixed asset investments

Total

£
Cost or valuation
At 01 March 2394,780
At 29 February 2494,780
Net book value
At 29 February 2494,780
At 28 February 2394,780
5.Creditors: amounts due within one year

2024

2023

££
Taxation and social security13,90411,402
Total13,90411,402
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.