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Company Registration No. 04963599 (England and Wales)
ASK Technology Limited Unaudited accounts for the year ended 30 November 2024
ASK Technology Limited Unaudited accounts Contents
Page
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ASK Technology Limited Company Information for the year ended 30 November 2024
Directors
A K Clisby S Jones K S Pearson
Company Number
04963599 (England and Wales)
Registered Office
Unit K Grafton Way Basingstoke Hampshire RG22 6HY England
Accountants
Woods Russell Limited First Floor Unit S Loddon Business Centre Roentgen Road Basingstoke RG24 8NG
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ASK Technology Limited Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
925,930 
211,278 
Current assets
Inventories
180,482 
286,511 
Debtors
827,693 
1,540,450 
Cash at bank and in hand
3,151,523 
2,807,335 
4,159,698 
4,634,296 
Creditors: amounts falling due within one year
(3,008,026)
(3,447,496)
Net current assets
1,151,672 
1,186,800 
Total assets less current liabilities
2,077,602 
1,398,078 
Creditors: amounts falling due after more than one year
(373,468)
(29,343)
Provisions for liabilities
Deferred tax
(91,542)
(47,377)
Other provisions
(266,250)
- 
(357,792)
(47,377)
Net assets
1,346,342 
1,321,358 
Capital and reserves
Called up share capital
36,000 
36,000 
Capital redemption reserve
4,000 
4,000 
Profit and loss account
1,306,342 
1,281,358 
Shareholders' funds
1,346,342 
1,321,358 
For the year ending 30 November 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 responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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.
The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by
A K Clisby Director Company Registration No. 04963599
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ASK Technology Limited Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
ASK Technology Limited is a private company, limited by shares, registered in England and Wales, registration number 04963599. The registered office is Unit K, Grafton Way, Basingstoke, Hampshire, RG22 6HY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% Straight Line
Plant & machinery
20% Straight Line
Computer equipment
20% Straight Line
Other tangible fixed assets
20% Straight Line
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
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ASK Technology Limited Notes to the Accounts for the year ended 30 November 2024
Financial instruments
The company only enters into basic financial instrument transactions that result in recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and related parties.
Debtors and Creditors
Short term debtors are measured at the transaction price less any impairment. Short term creditors are measured at transaction price.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2023
46,201 
837,651 
81,320 
965,172 
Additions
609,419 
226,717 
61,360 
897,496 
At 30 November 2024
655,620 
1,064,368 
142,680 
1,862,668 
Depreciation
At 1 December 2023
44,112 
636,768 
73,014 
753,894 
Charge for the year
69,596 
101,463 
11,785 
182,844 
At 30 November 2024
113,708 
738,231 
84,799 
936,738 
Net book value
At 30 November 2024
541,912 
326,137 
57,881 
925,930 
At 30 November 2023
2,089 
200,883 
8,306 
211,278 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Land and buildings
288,252 
- 
- Plant & machinery
254,661 
131,576 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
812,985 
1,404,211 
Accrued income and prepayments
14,708 
136,239 
827,693 
1,540,450 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
139,230 
52,417 
Trade creditors
307,631 
446,430 
Taxes and social security
166,753 
452,531 
Other creditors
166,643 
319,564 
Loans from directors
2,227,769 
2,176,554 
3,008,026 
3,447,496 
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ASK Technology Limited Notes to the Accounts for the year ended 30 November 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
373,468 
29,343 
8
Provisions for liabilities
£ 
At 1 December 2023
- 
Additional provisions made during the period
266,250 
At 30 November 2024
266,250 
Provisions for liabilities include a Dilapidation Provision. This is based on a third party assessment on the cost of dilapidations required to return leased buildings back to thier original state of repair. The dilapidation provision is therefore based on an estimation of this cost.
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
30,000 Ordinary A shares of £1 each
30,000 
30,000 
6,000 Ordinary B shares of £1 each
6,000 
6,000 
36,000 
36,000 
10
Capital commitments
2024 
2023 
£ 
£ 
Amounts contracted but not provided for in the accounts
- 
266,250 
The company had contracted into £266,250 of leasehold improvements to be undertaken after the balance sheet date. These commitments have now been met and no further commitments have been made as at 30th November 2024.
11
Operating lease commitments
2024 
2023 
£ 
£ 
At 30 November 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Later than one year and not later than five years
51,372 
175,281 
Later than five years
146,300 
- 
197,672 
175,281 
12
Average number of employees
During the year the average number of employees was 58 (2023: 47).
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