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
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
ASK Technology Limited
Statement of financial position
as at 30 November 2024
Tangible assets
925,930
211,278
Inventories
180,482
286,511
Cash at bank and in hand
3,151,523
2,807,335
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)
-
Net assets
1,346,342
1,321,358
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
ASK Technology Limited
Notes to the Accounts
for the year ended 30 November 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
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 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.
ASK Technology Limited
Notes to the Accounts
for the year ended 30 November 2024
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.
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
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
At 30 November 2024
541,912
326,137
57,881
925,930
At 30 November 2023
2,089
200,883
8,306
211,278
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Land and buildings
288,252
-
- Plant & machinery
254,661
131,576
Amounts falling due within one year
Trade debtors
812,985
1,404,211
Accrued income and prepayments
14,708
136,239
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
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
£
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.
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
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
-
12
Average number of employees
During the year the average number of employees was 58 (2023: 47).