2024-04-012024-10-172024-10-17false11935544ASV MANAGEMENT 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ASV MANAGEMENT LTD

Registered Number
11935544
(England and Wales)

Unaudited Financial Statements for the Period ended
17 October 2024

ASV MANAGEMENT LTD
Company Information
for the period from 1 April 2024 to 17 October 2024

Directors

DALGARNO, Liam John
JOHNSON, Adrian Dudley

Registered Address

Vision Centre
Eastern Way
Bury St. Edmunds
IP32 7AB

Registered Number

11935544 (England and Wales)
ASV MANAGEMENT LTD
Balance Sheet as at
17 October 2024

Notes

17 Oct 2024

31 Mar 2024

£

£

£

£

Fixed assets
Tangible assets3-282,333
-282,333
Current assets
Debtors42,8011,232,559
Cash at bank and on hand19,1903,033
21,9911,235,592
Creditors amounts falling due within one year5(62,732)(2,028,095)
Net current assets (liabilities)(40,741)(792,503)
Total assets less current liabilities(40,741)(510,170)
Creditors amounts falling due after one year6-(42,355)
Provisions for liabilities7-(70,583)
Net assets(40,741)(623,108)
Capital and reserves
Called up share capital100100
Profit and loss account(40,841)(623,208)
Shareholders' funds(40,741)(623,108)
The financial statements were approved and authorised for issue by the Board of Directors on 14 March 2025, and are signed on its behalf by:
DALGARNO, Liam John
Director
JOHNSON, Adrian Dudley
Director

Registered Company No. 11935544
ASV MANAGEMENT LTD
Notes to the Financial Statements
for the period ended 17 October 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Basic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortized cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortized. Classification of financial liabilities 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 company after deducting all of its liabilities. Basic financial liabilities Basic financial liabilities, including creditors, loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortized. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortized cost using the effective interest method.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242024
Average number of employees during the year61196
3.Tangible fixed assets

Plant & machinery

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 April 2489,587445,0286,671541,286
Disposals(89,587)(445,028)(6,671)(541,286)
Depreciation and impairment
At 01 April 2444,890209,2384,825258,953
On disposals(44,890)(209,238)(4,825)(258,953)
Net book value
At 17 October 24----
At 31 March 2444,697235,7901,846282,333
4.Debtors: amounts due within one year

2024

2024

££
Amounts owed by group undertakings-1,232,559
Other debtors2,801-
Total2,8011,232,559
5.Creditors: amounts due within one year

2024

2024

££
Trade creditors / trade payables26,1521,455
Bank borrowings and overdrafts-22,263
Amounts owed to related parties-1,937,152
Taxation and social security2421,393
Other creditors-44,063
Accrued liabilities and deferred income36,5561,769
Total62,7322,028,095
6.Creditors: amounts due after one year

2024

2024

££
Bank borrowings and overdrafts-42,355
Total-42,355
7.Provisions for liabilities

2024

2024

££
Net deferred tax liability (asset)-70,583
Total-70,583