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REGISTERED NUMBER: 09485862 (England and Wales)









ASG Resourcing Ltd

Unaudited Financial Statements

for the Year Ended 31 March 2024






ASG Resourcing Ltd (Registered number: 09485862)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASG Resourcing Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr S J Harkness





REGISTERED OFFICE: 71-75 Shelton Street
London
WC2H 9JQ





REGISTERED NUMBER: 09485862 (England and Wales)





ACCOUNTANTS: Henry R. Davis & Co. Limited
Chartered Accountants
33 Chester Road West
Queensferry
Deeside
Flintshire
CH5 1SA

ASG Resourcing Ltd (Registered number: 09485862)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 757 1,032
Tangible assets 5 6,686 6,951
7,443 7,983

CURRENT ASSETS
Debtors 6 21,244 20,582
Cash at bank and in hand 19,726 27,259
40,970 47,841
CREDITORS
Amounts falling due within one year 7 33,361 29,859
NET CURRENT ASSETS 7,609 17,982
TOTAL ASSETS LESS CURRENT LIABILITIES 15,052 25,965

CREDITORS
Amounts falling due after more than one
year

8

(5,637

)

(10,338

)

PROVISIONS FOR LIABILITIES (1,270 ) (1,321 )
NET ASSETS 8,145 14,306

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 8,135 14,296
8,145 14,306

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

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 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.

ASG Resourcing Ltd (Registered number: 09485862)

Balance Sheet - continued
31 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2024 and were signed by:





Mr S J Harkness - Director


ASG Resourcing Ltd (Registered number: 09485862)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

ASG Resourcing 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

ASG Resourcing Ltd (Registered number: 09485862)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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 year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 2,750
AMORTISATION
At 1 April 2023 1,718
Charge for year 275
At 31 March 2024 1,993
NET BOOK VALUE
At 31 March 2024 757
At 31 March 2023 1,032

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 15,504
Additions 916
At 31 March 2024 16,420
DEPRECIATION
At 1 April 2023 8,553
Charge for year 1,181
At 31 March 2024 9,734
NET BOOK VALUE
At 31 March 2024 6,686
At 31 March 2023 6,951

ASG Resourcing Ltd (Registered number: 09485862)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 20,144 19,482
Other debtors 1,100 1,100
21,244 20,582

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 4,703 4,587
Trade creditors 15,279 13,483
Taxation and social security 11,864 10,274
Other creditors 1,515 1,515
33,361 29,859

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 5,637 10,338

9. BANK LOAN

A bank loan amounting to £10,339 (2023 - £14,925) relates to a loan provided under the Bounce Back Loan Scheme. This scheme provides the lender with a government-backed guarantee (100%) against outstanding facility balance (principle and interest). No interest was payable in the first 12 months. Interest is now charged at 2.5% per annum.