7 9 ASE Install Limited 09317924 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is other specialised construction activities not elsewhere classified. Digita Accounts Production Advanced 6.30.9574.0 true 09317924 2023-06-01 2024-05-31 09317924 2024-05-31 09317924 bus:Director2 2024-05-31 09317924 bus:OrdinaryShareClass1 2024-05-31 09317924 bus:OrdinaryShareClass2 2024-05-31 09317924 core:CurrentFinancialInstruments 2024-05-31 09317924 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 09317924 core:MotorVehicles 2024-05-31 09317924 core:PlantMachinery 2024-05-31 09317924 bus:SmallEntities 2023-06-01 2024-05-31 09317924 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 09317924 bus:AbridgedAccounts 2023-06-01 2024-05-31 09317924 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 09317924 bus:RegisteredOffice 2023-06-01 2024-05-31 09317924 bus:Director1 2023-06-01 2024-05-31 09317924 bus:Director2 2023-06-01 2024-05-31 09317924 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 09317924 bus:OrdinaryShareClass2 2023-06-01 2024-05-31 09317924 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09317924 bus:Agent1 2023-06-01 2024-05-31 09317924 core:MotorVehicles 2023-06-01 2024-05-31 09317924 core:PlantMachinery 2023-06-01 2024-05-31 09317924 countries:AllCountries 2023-06-01 2024-05-31 09317924 2023-05-31 09317924 core:MotorVehicles 2023-05-31 09317924 core:PlantMachinery 2023-05-31 09317924 2022-06-01 2023-05-31 09317924 2023-05-31 09317924 bus:OrdinaryShareClass1 2023-05-31 09317924 bus:OrdinaryShareClass2 2023-05-31 09317924 core:CurrentFinancialInstruments 2023-05-31 09317924 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 09317924 core:MotorVehicles 2023-05-31 09317924 core:PlantMachinery 2023-05-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 09317924

ASE Install Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 May 2024

 

ASE Install Limited

Contents

Company Information

1

Director's Report

2

Abridged Balance Sheet

3 to 4

Notes to the Unaudited Abridged Financial Statements

5 to 8

 

ASE Install Limited

Company Information

Director

A Pearce

Registered office

Anglo House
Worcester Road
Stourport on Severn
DY13 9AW

Accountants

Perrigo Consultants Limited Anglo House
Worcester Road
Stourport on Severn
DY13 9AW

 

ASE Install Limited

Director's Report for the Year Ended 31 May 2024

The director presents his report and the abridged financial statements for the year ended 31 May 2024.

Directors of the company

The directors who held office during the year were as follows:

A Pearce

A Vear (ceased 26 February 2024)

Principal activity

The principal activity of the company is other specialised construction activities not elsewhere classified.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 3 March 2025
 

.........................................
A Pearce
Director

 

ASE Install Limited

(Registration number: 09317924)
Abridged Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

45,150

40,422

Current assets

 

Stocks

6

18,420

15,612

Debtors

7

10,891

10,543

Cash at bank and in hand

 

41,569

38,874

 

70,880

65,029

Prepayments and accrued income

 

4,649

3,916

Creditors: Amounts falling due within one year

(44,672)

(52,770)

Net current assets

 

30,857

16,175

Total assets less current liabilities

 

76,007

56,597

Provisions for liabilities

(10,127)

(7,745)

Accruals and deferred income

 

(26,305)

(12,626)

Net assets

 

39,575

36,226

Capital and reserves

 

Called up share capital

8

167

167

Retained earnings

39,408

36,059

Shareholders' funds

 

39,575

36,226

 

ASE Install Limited

(Registration number: 09317924)
Abridged Balance Sheet as at 31 May 2024

For the financial year ending 31 May 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

All of the company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the director on 3 March 2025
 

.........................................
A Pearce
Director

 

ASE Install Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Anglo House
Worcester Road
Stourport on Severn
DY13 9AW

These financial statements were authorised for issue by the director on 3 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, 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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

ASE Install Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

25% Reducing balance

Plant & machinery

25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

ASE Install Limited

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2023 - 9).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

17,229

13,479

 

ASE Install Limited

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

5

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 June 2023

2,588

86,088

88,676

Additions

-

35,800

35,800

Disposals

-

(28,484)

(28,484)

At 31 May 2024

2,588

93,404

95,992

Depreciation

At 1 June 2023

2,362

45,892

48,254

Charge for the year

57

17,172

17,229

Eliminated on disposal

-

(14,641)

(14,641)

At 31 May 2024

2,419

48,423

50,842

Carrying amount

At 31 May 2024

169

44,981

45,150

At 31 May 2023

226

40,196

40,422

6

Stocks

2024
£

2023
£

Work in progress

18,420

15,612

7

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

A Ordinary of £1 each

100

100

100

100

B Ordinary of £1 each

67

67

67

67

167

167

167

167