2023-01-012023-12-312023-12-31false11711488ASP WOLVERHAMPTON LTD2025-01-2469201falseiso4217:GBPxbrli:pure117114882023-01-01117114882023-12-31117114882023-01-012023-12-31117114882022-01-01117114882022-12-31117114882022-01-012022-12-3111711488bus:SmallEntities2023-01-012023-12-3111711488bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3111711488bus:FullAccounts2023-01-012023-12-3111711488bus:PrivateLimitedCompanyLtd2023-01-012023-12-3111711488core:WithinOneYear2023-12-3111711488core:AfterOneYear2023-12-3111711488core:WithinOneYear2022-12-3111711488core:AfterOneYear2022-12-3111711488core:ShareCapital2023-12-3111711488core:SharePremium2023-12-3111711488core:RevaluationReserve2023-12-3111711488core:OtherReservesSubtotal2023-12-3111711488core:RetainedEarningsAccumulatedLosses2023-12-3111711488core:ShareCapital2022-12-3111711488core:SharePremium2022-12-3111711488core:RevaluationReserve2022-12-3111711488core:OtherReservesSubtotal2022-12-3111711488core:RetainedEarningsAccumulatedLosses2022-12-3111711488core:LandBuildings2023-12-3111711488core:PlantMachinery2023-12-3111711488core:Vehicles2023-12-3111711488core:FurnitureFittings2023-12-3111711488core:OfficeEquipment2023-12-3111711488core:NetGoodwill2023-12-3111711488core:IntangibleAssetsOtherThanGoodwill2023-12-3111711488core:ListedExchangeTraded2023-12-3111711488core:UnlistedNon-exchangeTraded2023-12-3111711488core:LandBuildings2022-12-3111711488core:PlantMachinery2022-12-3111711488core:Vehicles2022-12-3111711488core:FurnitureFittings2022-12-3111711488core:OfficeEquipment2022-12-3111711488core:NetGoodwill2022-12-3111711488core:IntangibleAssetsOtherThanGoodwill2022-12-3111711488core:ListedExchangeTraded2022-12-3111711488core:UnlistedNon-exchangeTraded2022-12-3111711488core:LandBuildings2023-01-012023-12-3111711488core:PlantMachinery2023-01-012023-12-3111711488core:Vehicles2023-01-012023-12-3111711488core:FurnitureFittings2023-01-012023-12-3111711488core:OfficeEquipment2023-01-012023-12-3111711488core:NetGoodwill2023-01-012023-12-3111711488core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3111711488core:ListedExchangeTraded2023-01-012023-12-3111711488core:UnlistedNon-exchangeTraded2023-01-012023-12-3111711488core:MoreThanFiveYears2023-01-012023-12-3111711488core:Non-currentFinancialInstruments2023-12-3111711488core:Non-currentFinancialInstruments2022-12-3111711488dpl:CostSales2023-01-012023-12-3111711488dpl:DistributionCosts2023-01-012023-12-3111711488core:LandBuildings2023-01-012023-12-3111711488core:PlantMachinery2023-01-012023-12-3111711488core:Vehicles2023-01-012023-12-3111711488core:FurnitureFittings2023-01-012023-12-3111711488core:OfficeEquipment2023-01-012023-12-3111711488dpl:AdministrativeExpenses2023-01-012023-12-3111711488core:NetGoodwill2023-01-012023-12-3111711488core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3111711488dpl:GroupUndertakings2023-01-012023-12-3111711488dpl:ParticipatingInterests2023-01-012023-12-3111711488dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3111711488core:ListedExchangeTraded2023-01-012023-12-3111711488dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3111711488core:UnlistedNon-exchangeTraded2023-01-012023-12-3111711488dpl:CostSales2022-01-012022-12-3111711488dpl:DistributionCosts2022-01-012022-12-3111711488core:LandBuildings2022-01-012022-12-3111711488core:PlantMachinery2022-01-012022-12-3111711488core:Vehicles2022-01-012022-12-3111711488core:FurnitureFittings2022-01-012022-12-3111711488core:OfficeEquipment2022-01-012022-12-3111711488dpl:AdministrativeExpenses2022-01-012022-12-3111711488core:NetGoodwill2022-01-012022-12-3111711488core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3111711488dpl:GroupUndertakings2022-01-012022-12-3111711488dpl:ParticipatingInterests2022-01-012022-12-3111711488dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3111711488core:ListedExchangeTraded2022-01-012022-12-3111711488dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3111711488core:UnlistedNon-exchangeTraded2022-01-012022-12-3111711488core:NetGoodwill2023-12-3111711488core:IntangibleAssetsOtherThanGoodwill2023-12-3111711488core:LandBuildings2023-12-3111711488core:PlantMachinery2023-12-3111711488core:Vehicles2023-12-3111711488core:FurnitureFittings2023-12-3111711488core:OfficeEquipment2023-12-3111711488core:AfterOneYear2023-12-3111711488core:WithinOneYear2023-12-3111711488core:ListedExchangeTraded2023-12-3111711488core:UnlistedNon-exchangeTraded2023-12-3111711488core:ShareCapital2023-12-3111711488core:SharePremium2023-12-3111711488core:RevaluationReserve2023-12-3111711488core:OtherReservesSubtotal2023-12-3111711488core:RetainedEarningsAccumulatedLosses2023-12-3111711488core:NetGoodwill2022-12-3111711488core:IntangibleAssetsOtherThanGoodwill2022-12-3111711488core:LandBuildings2022-12-3111711488core:PlantMachinery2022-12-3111711488core:Vehicles2022-12-3111711488core:FurnitureFittings2022-12-3111711488core:OfficeEquipment2022-12-3111711488core:AfterOneYear2022-12-3111711488core:WithinOneYear2022-12-3111711488core:List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ASP WOLVERHAMPTON LTD

Registered Number
11711488
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

ASP WOLVERHAMPTON LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

PAUDEL, Anuj

Registered Address

61 Worcester Street
Wolverhampton
WV2 4LQ

Registered Number

11711488 (England and Wales)
ASP WOLVERHAMPTON LTD
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Intangible assets4150,030161,030
Tangible assets5393,661404,827
543,691565,857
Current assets
Debtors6250,396262,554
Cash at bank and on hand10,3837,229
260,779269,783
Creditors amounts falling due within one year7(428,825)(376,638)
Net current assets (liabilities)(168,046)(106,855)
Total assets less current liabilities375,645459,002
Creditors amounts falling due after one year8(345,086)(193,352)
Provisions for liabilities(1,535)(2,288)
Net assets29,024263,362
Capital and reserves
Called up share capital100100
Profit and loss account28,924263,262
Shareholders' funds29,024263,362
The financial statements were approved and authorised for issue by the Director on 24 January 2025, and are signed on its behalf by:
PAUDEL, Anuj
Director
Registered Company No. 11711488
ASP WOLVERHAMPTON LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Other Intangible assets are software in development for the company. Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the relevant factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Goodwill
Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be 15 years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Land and buildings-50
Fixtures and fittings25-
Office Equipment25-
2.Average number of employees

20232022
Average number of employees during the year1811
3.Deferred tax
Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.
4.Intangible assets

Goodwill

Other

Total

£££
Cost or valuation
At 01 January 23165,00040,000205,000
At 31 December 23165,00040,000205,000
Amortisation and impairment
At 01 January 2343,970-43,970
Charge for year11,000-11,000
At 31 December 2354,970-54,970
Net book value
At 31 December 23110,03040,000150,030
At 31 December 22121,03040,000161,030
5.Tangible fixed assets

Land & buildings

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 January 23407,75713,00117,567438,325
At 31 December 23407,75713,00117,567438,325
Depreciation and impairment
At 01 January 2314,9738,7719,75433,498
Charge for year8,1551,0581,95311,166
At 31 December 2323,1289,82911,70744,664
Net book value
At 31 December 23384,6293,1725,860393,661
At 31 December 22392,7844,2307,813404,827
6.Debtors: amounts due within one year

2023

2022

££
Trade debtors / trade receivables141,194139,468
Amounts owed by associates and joint ventures / participating interests-3,742
Other debtors109,202119,344
Total250,396262,554
7.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables132,000138,438
Bank borrowings and overdrafts5610,533
Amounts owed to related parties958-
Taxation and social security295,178221,206
Other creditors6336,461
Total428,825376,638
8.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts33,27025,455
Amounts owed to related parties78,04755,397
Other creditors233,769112,500
Total345,086193,352