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REGISTERED NUMBER: 14869290 (England and Wales)















ASC2000 LTD

Unaudited Financial Statements

for the Period 15 May 2023 to 31 May 2024






ASC2000 LTD (REGISTERED NUMBER: 14869290)






Contents of the Financial Statements
for the Period 15 May 2023 to 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ASC2000 LTD

Company Information
for the Period 15 May 2023 to 31 May 2024







DIRECTORS: M F Long
E E Long





REGISTERED OFFICE: Bryn Aber
Llancadle
Barry
CF62 3AQ





REGISTERED NUMBER: 14869290 (England and Wales)





ACCOUNTANTS: O'Brien & Partners
Accountants & Business Advisors
11 New Street
Pontnewydd
Cwmbran
NP44 1EE

ASC2000 LTD (REGISTERED NUMBER: 14869290)

Balance Sheet
31 May 2024

Notes £   
CURRENT ASSETS
Debtors 4 50,038
Cash at bank 3,798
53,836
CREDITORS
Amounts falling due within one year 5 39,942
NET CURRENT ASSETS 13,894
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,894

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 13,794
13,894

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

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

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 27 September 2024 and were signed on its behalf by:





E E Long - Director


ASC2000 LTD (REGISTERED NUMBER: 14869290)

Notes to the Financial Statements
for the Period 15 May 2023 to 31 May 2024

1. STATUTORY INFORMATION

ASC2000 Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Taxation
Taxation for the period 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.

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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 4,750
Other debtors 45,288
50,038

ASC2000 LTD (REGISTERED NUMBER: 14869290)

Notes to the Financial Statements - continued
for the Period 15 May 2023 to 31 May 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 18,185
Other creditors 21,757
39,942

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 May 2024:

£   
M F Long and E E Long
Balance outstanding at start of period -
Amounts advanced 106,176
Amounts repaid (81,970 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period 24,206