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COMPANY REGISTRATION NUMBER: 13141964
ASSETSTONE LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
29 January 2024
ASSETSTONE LTD
STATEMENT OF FINANCIAL POSITION
29 January 2024
29 Jan 24
31 Jan 23
Note
£
£
£
CURRENT ASSETS
Debtors
5
1,043,860
513,566
Investments
6
5
5
Cash at bank and in hand
6,378
10,382
------------
---------
1,050,243
523,953
CREDITORS: amounts falling due within one year
7
( 167,177)
( 68,914)
------------
---------
NET CURRENT ASSETS
883,066
455,039
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
883,066
455,039
CREDITORS: amounts falling due after more than one year
8
( 1,049,352)
( 441,848)
------------
---------
NET (LIABILITIES)/ASSETS
( 166,286)
13,191
------------
---------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
( 166,386)
13,091
---------
--------
SHAREHOLDERS (DEFICIT)/FUNDS
( 166,286)
13,191
---------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 29 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
ASSETSTONE LTD
STATEMENT OF FINANCIAL POSITION (continued)
29 January 2024
These financial statements were approved by the board of directors and authorised for issue on 4 February 2025 , and are signed on behalf of the board by:
R Symonds
Director
Company registration number: 13141964
ASSETSTONE LTD
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 1 FEBRUARY 2023 TO 29 JANUARY 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 48 Dover Street, London, W1S 4FF.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. The financial statements have also been prepared on the going concern basis. The directors consider the going concern basis to be appropriate as they have confirmed their ongoing support.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax.
Income tax
Deferred Taxation is provided using the liability method on all timing differences that have originated but not reversed at the balance sheet date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to Nil (2023: Nil).
5. DEBTORS
29 Jan 24
31 Jan 23
£
£
Trade debtors
150,000
150,000
Other debtors
893,860
363,566
------------
---------
1,043,860
513,566
------------
---------
6. INVESTMENTS
29 Jan 24
31 Jan 23
£
£
Other investments
5
5
----
----
7. CREDITORS: amounts falling due within one year
29 Jan 24
31 Jan 23
£
£
Bank loans and overdrafts
812
Trade creditors
10,147
39,927
Corporation tax
3,846
Social security and other taxes
21,648
Other creditors
134,570
25,141
---------
--------
167,177
68,914
---------
--------
8. CREDITORS: amounts falling due after more than one year
29 Jan 24
31 Jan 23
£
£
Other creditors
1,049,352
441,848
------------
---------