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REGISTERED NUMBER: 06898479 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

ASYOUNEED.COM LIMITED

ASYOUNEED.COM LIMITED (REGISTERED NUMBER: 06898479)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASYOUNEED.COM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Mr D Lowndes





REGISTERED OFFICE: Unit 5b New North House
202-208 New North Road
London
N1 7BJ





REGISTERED NUMBER: 06898479 (England and Wales)





ACCOUNTANTS: Elliott, Mortlock, Busby & Co Limited
12 High Street
Stanford le Hope
Essex
SS17 0EY

ASYOUNEED.COM LIMITED (REGISTERED NUMBER: 06898479)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 96,317 124,868

CURRENT ASSETS
Debtors 5 114,139 117,487
Cash at bank 488,848 397,906
602,987 515,393
CREDITORS
Amounts falling due within one year 6 165,263 131,098
NET CURRENT ASSETS 437,724 384,295
TOTAL ASSETS LESS CURRENT
LIABILITIES

534,041

509,163

PROVISIONS FOR LIABILITIES 7 24,080 31,217
NET ASSETS 509,961 477,946

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 509,861 477,846
509,961 477,946

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ASYOUNEED.COM LIMITED (REGISTERED NUMBER: 06898479)

BALANCE SHEET - continued
31 MAY 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 February 2025 and were signed by:





Mr D Lowndes - Director


ASYOUNEED.COM LIMITED (REGISTERED NUMBER: 06898479)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Asyouneed.com Limited 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.

Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured,
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 25% on reducing balance and equal instalments over 10 years
Plant and machinery - 20% straight line basis

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

ASYOUNEED.COM LIMITED (REGISTERED NUMBER: 06898479)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued

Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 81,352 111,849 193,201
DEPRECIATION
At 1 June 2023 28,351 39,982 68,333
Charge for year 6,791 21,760 28,551
At 31 May 2024 35,142 61,742 96,884
NET BOOK VALUE
At 31 May 2024 46,210 50,107 96,317
At 31 May 2023 53,001 71,867 124,868

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 99,800 95,805
Other debtors 14,339 21,682
114,139 117,487

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 30,920 30,720
Corporation tax 94,733 69,705
Social security and other taxes 25,121 18,744
Other creditors 13,693 10,999
Directors' current accounts 796 930
165,263 131,098

ASYOUNEED.COM LIMITED (REGISTERED NUMBER: 06898479)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 24,080 31,217

Deferred
tax
£   
Balance at 1 June 2023 31,217
Credit to Income Statement during year (7,137 )
Balance at 31 May 2024 24,080

The provision for deferred taxation is made up of accelerated capital allowances.

8. PENSION COMMITMENTS

The company operates a defined contribution pension scheme, for the benefit of the employees and director. The assets of the schemes are held separately from those of the company in an independently administered fund. At the balance sheet date there were £689 of unpaid contributions (2023: £417).

9. OTHER FINANCIAL COMMITMENTS

The Company has a total commitments, guarantees and contingencies as at year end 2024 of £2,450 (2023: £1950)

Included in the above are minimum lease payments under non-cancellable operating leases, falling due as follows:

20242023
££
Within one year2,4501,950
Between one and five years--
More than five years--
2,4501,950