IRIS Accounts Production v24.3.2.46 SC285217 director 1.6.23 31.5.24 31.5.24 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2852172023-05-31SC2852172024-05-31SC2852172023-06-012024-05-31SC2852172022-05-31SC2852172022-06-012023-05-31SC2852172023-05-31SC285217ns15:Scotland2023-06-012024-05-31SC285217ns14:PoundSterling2023-06-012024-05-31SC285217ns10:Director12023-06-012024-05-31SC285217ns10:PrivateLimitedCompanyLtd2023-06-012024-05-31SC285217ns10:SmallEntities2023-06-012024-05-31SC285217ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-31SC285217ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-31SC285217ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-31SC285217ns10:FullAccounts2023-06-012024-05-31SC285217ns10:RegisteredOffice2023-06-012024-05-31SC285217ns5:CurrentFinancialInstruments2024-05-31SC285217ns5:CurrentFinancialInstruments2023-05-31SC285217ns5:ShareCapital2024-05-31SC285217ns5:ShareCapital2023-05-31SC285217ns5:RetainedEarningsAccumulatedLosses2024-05-31SC285217ns5:RetainedEarningsAccumulatedLosses2023-05-31SC285217ns5:PlantMachinery2023-06-012024-05-31SC285217ns5:PlantMachinery2023-05-31SC285217ns5:PlantMachinery2024-05-31
REGISTERED NUMBER: SC285217 (Scotland)
















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Asset Project Management Ltd

Asset Project Management Ltd (Registered number: SC285217)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Asset Project Management Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: A Finlayson





REGISTERED OFFICE: 1 Millburn Street
Millport
Isle of Cumbrae
KA28 OEU





REGISTERED NUMBER: SC285217 (Scotland)





ACCOUNTANTS: McLay McAlister & McGibbon LLP
Chartered Accountants
145 St Vincent Street
Glasgow
G2 5JF

Asset Project Management Ltd (Registered number: SC285217)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £   
CURRENT ASSETS
Cash at bank 100 2,681

CREDITORS
Amounts falling due within one year 5 (1,158 ) (3,300 )
NET CURRENT LIABILITIES (1,058 ) (619 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,058

)

(619

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (1,060 ) (621 )
SHAREHOLDERS' FUNDS (1,058 ) (619 )

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.

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 February 2025 and were signed by:





A Finlayson - Director


Asset Project Management Ltd (Registered number: SC285217)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Asset Project Management Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 25% on reducing balance

The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

Financial instruments
Debtors
Trade debtors and other debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable amounts when there is objective evidence the asset is impaired.

Cash and cash equivalents
Cash and cash equivalent in the balance sheet comprise cash in hand and bank overdrafts. In the balance sheet bank overdrafts are shown in creditors amounts falling due within one year.

Creditors
Trade creditors and other creditors are recognised where the company has a present obligation resulting from a past event and are recognised at the settlement amount due after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023
and 31 May 2024 11,074
DEPRECIATION
At 1 June 2023
and 31 May 2024 11,074
NET BOOK VALUE
At 31 May 2024 -

Asset Project Management Ltd (Registered number: SC285217)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security (103 ) 270
Other creditors 1,261 3,030
1,158 3,300