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REGISTERED NUMBER: 08109333 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

ASM DATACORE LIMITED

ASM DATACORE LIMITED (REGISTERED NUMBER: 08109333)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASM DATACORE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: Mrs I Ray





REGISTERED OFFICE: Unit 12 Faraday Business Park
West Portway
Andover
Hampshire
SP10 3SA





REGISTERED NUMBER: 08109333 (England and Wales)






ASM DATACORE LIMITED (REGISTERED NUMBER: 08109333)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,999 21,000
Tangible assets 5 227,398 194,607
245,397 215,607

CURRENT ASSETS
Stocks 36,038 18,500
Debtors 6 73,856 117,144
Cash at bank 2 11
109,896 135,655
CREDITORS
Amounts falling due within one year 7 198,862 231,847
NET CURRENT LIABILITIES (88,966 ) (96,192 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

156,431

119,415

CREDITORS
Amounts falling due after more than one
year

8

65,986

58,693
NET ASSETS 90,445 60,722

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 90,345 60,622
SHAREHOLDERS' FUNDS 90,445 60,722

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

ASM DATACORE LIMITED (REGISTERED NUMBER: 08109333)

BALANCE SHEET - continued
31ST MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31st October 2024 and were signed by:





Mrs I Ray - Director


ASM DATACORE LIMITED (REGISTERED NUMBER: 08109333)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

ASM Datacore Limited 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.

The balance sheet shows that the company has net current liabilities of £88,966. The director has indicated a clear awareness of the situation and believes that preparation of the accounts on a going concern basis is appropriate.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021 will be amortised evenly over its estimated useful life of five years.

Intangible assets
Website costs will be amortised evenly over its estimated useful life of five years.

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 etc - 20% on cost and 10% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


ASM DATACORE LIMITED (REGISTERED NUMBER: 08109333)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1st April 2023 35,000 - 35,000
Additions - 4,999 4,999
At 31st March 2024 35,000 4,999 39,999
AMORTISATION
At 1st April 2023 14,000 - 14,000
Charge for year 7,000 1,000 8,000
At 31st March 2024 21,000 1,000 22,000
NET BOOK VALUE
At 31st March 2024 14,000 3,999 17,999
At 31st March 2023 21,000 - 21,000

ASM DATACORE LIMITED (REGISTERED NUMBER: 08109333)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 314,167
Additions 47,191
At 31st March 2024 361,358
DEPRECIATION
At 1st April 2023 119,560
Charge for year 14,400
At 31st March 2024 133,960
NET BOOK VALUE
At 31st March 2024 227,398
At 31st March 2023 194,607

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 38,928 74,748
Other debtors 34,928 42,396
73,856 117,144

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 16,134 20,730
Hire purchase contracts 40,314 32,230
Trade creditors 11,426 18,233
Taxation and social security 13,805 30,896
Other creditors 117,183 129,758
198,862 231,847

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 24,147 17,196
Other creditors 41,839 41,497
65,986 58,693

ASM DATACORE LIMITED (REGISTERED NUMBER: 08109333)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 16,134 20,730
Hire purchase contracts 64,461 49,426
Other creditors 159,022 169,682
239,617 239,838