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REGISTERED NUMBER: 05258492 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 August 2024

for

ASL PROPERTY SERVICES LTD

ASL PROPERTY SERVICES LTD (REGISTERED NUMBER: 05258492)

Contents of the Financial Statements
for the year ended 31 August 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ASL PROPERTY SERVICES LTD

Company Information
for the year ended 31 August 2024







Directors: Mr A Auchterlonie
Mrs A Andrews





Secretary: Mrs S L Auchterlonie





Registered office: Fransham Place
Main Road
Little Fransham
Dereham
Norfolk
NR19 2JL





Registered number: 05258492 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

ASL PROPERTY SERVICES LTD (REGISTERED NUMBER: 05258492)

Statement of Financial Position
31 August 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 2,034 1,838

Current assets
Debtors 5 284,811 465,946
Cash at bank 336,449 129,342
621,260 595,288
Creditors
Amounts falling due within one year 6 38,365 24,770
Net current assets 582,895 570,518
Total assets less current liabilities 584,929 572,356

Provisions for liabilities 7 387 349
Net assets 584,542 572,007

Capital and reserves
Called up share capital 8 4 4
Retained earnings 584,538 572,003
Shareholders' funds 584,542 572,007

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 January 2025 and were signed on its behalf by:





Mr A Auchterlonie - Director


ASL PROPERTY SERVICES LTD (REGISTERED NUMBER: 05258492)

Notes to the Financial Statements
for the year ended 31 August 2024


1. Statutory information

ASL Property Services 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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed of.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% 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 statement of financial position date.


ASL PROPERTY SERVICES LTD (REGISTERED NUMBER: 05258492)

Notes to the Financial Statements - continued
for the year ended 31 August 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 statement of financial position 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.

Going concern
These financial statements have been prepared on a going concern basis.

The director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and that there are no material uncertainties that lead to significant doubts upon the Company's ability to continue as a going concern. Thus the director has continued to adopt the going concern basis of accounting in preparing these financial statements.

3. Employees and directors

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

4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 September 2023 4,319 6,871 11,190
Additions - 916 916
At 31 August 2024 4,319 7,787 12,106
Depreciation
At 1 September 2023 3,407 5,945 9,352
Charge for year 137 583 720
At 31 August 2024 3,544 6,528 10,072
Net book value
At 31 August 2024 775 1,259 2,034
At 31 August 2023 912 926 1,838

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 284,636 465,771
Other debtors 175 175
284,811 465,946

ASL PROPERTY SERVICES LTD (REGISTERED NUMBER: 05258492)

Notes to the Financial Statements - continued
for the year ended 31 August 2024


6. Creditors: amounts falling due within one year
2024 2023
£    £   
Taxation and social security 15,162 907
Other creditors 23,203 23,863
38,365 24,770

7. Provisions for liabilities
2024 2023
£    £   
Deferred tax 387 349

Deferred
tax
£   
Balance at 1 September 2023 349
Provided during year 38
Balance at 31 August 2024 387

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £2 2 2
2 Ordinary A £2 2 2
4 4