2023-04-01 2024-03-31 07033166 Academy of Science Technology and Management Ltd false 07033166 2023-04-01 2024-03-31 07033166 uk-bus:Director1 2023-04-01 2024-03-31 07033166 uk-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07033166 uk-bus:SmallEntities 2023-04-01 2024-03-31 07033166 uk-bus:FullAccounts 2023-04-01 2024-03-31 07033166 uk-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07033166 2023-04-01 07033166 2024-03-31 07033166 2023-03-31 xbrli:pure iso4217:GBP 07033166 2022-04-01 2023-03-31
Company Registration Number : 07033166 (England and Wales)
07033166
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2024-03-31
false
Academy of Science Technology and Management Ltd
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-04-01
Academy of Science Technology and Management Ltd
Unaudited filleted financial statements
For the year ended 31 March 2024
Academy of Science Technology and Management Ltd
Contents
For the year ended 31 March 2024

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5


Academy of Science Technology and Management Ltd
Company Information
For the year ended 31 March 2024

Company registration number 07033166 (England and Wales)
Directors Madhavi Dilip Amdekar
Ambrish Shashikant Joijode
Registered office address Archway House
Bridge Street
Oldham
United Kingdom
OL1 1ED
Accountant DNS Associates
Institute of Chartered Accountants in England and Wales.
382 Kenton Road
Harrow, Middlesex
HA3 8DP
Academy of Science Technology and Management Ltd
Statement of Financial Position
For the year ended 31 March 2024

2024 2023
Notes £ £
Current assets
Debtors 428,094 449,502
Cash and cash equivalents 4,343 129,703
432,438 579,205
Current liabilities
Creditors: Amounts falling due within one year (128,755) (206,873)
(128,755) (206,873)
Net current assets/(liabilities) 303,683 372,332
Total assets less current liabilities 303,683 372,332
Non-current liabilities
Creditors: Amounts falling due after more than one year (29,933) (59,248)
Net assets/(liabilities) 273,750 313,084
Capital and reserves
Called up share capital 103,000 103,000
Retained earnings 170,750 210,084
Shareholder's funds 273,750 313,084
For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • 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 in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 19 July 2024
.............................
Madhavi Dilip Amdekar (Director)
Company registration number: 07033166
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2024-03-31 31 March 2024
2024 2023
£ £
Current Assets 397,053 568,314
Prepayments and accrued income 35,385 10,891
Creditors: amounts falling due within one year (128,755) (206,873)
Net current assets (liabilities) 303,683 372,332
Total assets less current liabilities 303,683 372,332
CREDITORS: Amounts falling due more than one year (29,933) (59,248)
Net Assets (liabilities) 273,750 313,084
Capital and Reserves 273,750 313,084
For the year ending 31/03/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. For the year ending 31-03-2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 19 July 2024 2024-07-19 and signed on behalf of the board,
.............................
Madhavi Dilip Amdekar
Director
Company registration number: 07033166
Academy of Science Technology and Management Ltd
Notes to the Financial Statements
For the year ended 31 March 2024

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Archway House, Bridge Street, Oldham, United Kingdom, OL1 1ED.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Employee benefits
Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

(4) Employees
During the year, the average number of employees including director was 0 (2023 : 13).

(5) Directors advances, credit and guarantees
At the year-end, the director owed £9,574 to the company, the balance was repaid on 30 September 2024.