IRIS Accounts Production v24.3.2.46 SC338374 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC3383742023-06-30SC3383742024-06-30SC3383742023-07-012024-06-30SC3383742022-06-30SC3383742022-07-012023-06-30SC3383742023-06-30SC338374ns15:Scotland2023-07-012024-06-30SC338374ns14:PoundSterling2023-07-012024-06-30SC338374ns10:Director12023-07-012024-06-30SC338374ns10:PrivateLimitedCompanyLtd2023-07-012024-06-30SC338374ns10:SmallEntities2023-07-012024-06-30SC338374ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-30SC338374ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-30SC338374ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-30SC338374ns10:FullAccounts2023-07-012024-06-30SC338374ns10:Director22023-07-012024-06-30SC338374ns10:CompanySecretary12023-07-012024-06-30SC338374ns10:RegisteredOffice2023-07-012024-06-30SC338374ns5:CurrentFinancialInstruments2024-06-30SC338374ns5:CurrentFinancialInstruments2023-06-30SC338374ns5:Non-currentFinancialInstruments2024-06-30SC338374ns5:Non-currentFinancialInstruments2023-06-30SC338374ns5:ShareCapital2024-06-30SC338374ns5:ShareCapital2023-06-30SC338374ns5:RetainedEarningsAccumulatedLosses2024-06-30SC338374ns5:RetainedEarningsAccumulatedLosses2023-06-30SC338374ns5:PlantMachinery2023-06-30SC338374ns5:PlantMachinery2023-07-012024-06-30SC338374ns5:PlantMachinery2024-06-30SC338374ns5:PlantMachinery2023-06-30SC338374ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-06-30SC338374ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-07-012024-06-30SC338374ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-06-30SC338374ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-06-30SC338374ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-30SC338374ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30SC338374ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-06-30SC338374ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-06-30SC338374ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-06-30SC338374ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-06-30SC338374ns5:HirePurchaseContracts2024-06-30SC338374ns5:HirePurchaseContracts2023-06-30SC3383741ns10:Director12023-06-30SC3383741ns10:Director12022-06-30SC3383741ns10:Director12023-07-012024-06-30SC3383741ns10:Director12022-07-012023-06-30SC3383741ns10:Director12024-06-30SC3383741ns10:Director12023-06-30
REGISTERED NUMBER: SC338374 (Scotland)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

ASC Communications Limited

ASC Communications Limited (Registered number: SC338374)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ASC Communications Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr N D Collie
Mrs J B Collie





SECRETARY: Burnett & Reid





REGISTERED OFFICE: Suite A, Ground FLoor
9 Queen's Road
Aberdeen
AB15 4YL





REGISTERED NUMBER: SC338374 (Scotland)





ACCOUNTANTS: The Grant Considine Partnership
Chartered Accountants
46 High Street
Banchory
Aberdeenshire
AB31 5SR

ASC Communications Limited (Registered number: SC338374)

Statement of Financial Position
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 9,232 13,005

CURRENT ASSETS
Stocks 5,260 6,012
Debtors 6 16,021 11,149
Cash at bank 10,906 14,870
32,187 32,031
CREDITORS
Amounts falling due within one year 7 10,169 8,766
NET CURRENT ASSETS 22,018 23,265
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,250

36,270

CREDITORS
Amounts falling due after more than one
year

8

(1,510

)

(4,647

)

PROVISIONS FOR LIABILITIES (1,628 ) (2,037 )
NET ASSETS 28,112 29,586

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 28,012 29,486
SHAREHOLDERS' FUNDS 28,112 29,586

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ASC Communications Limited (Registered number: SC338374)

Statement of Financial Position - continued
30 June 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 Board of Directors and authorised for issue on 12 March 2025 and were signed on its behalf by:





Mr N D Collie - Director


ASC Communications Limited (Registered number: SC338374)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

ASC Communications Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Section 1A 'Small Entities of Financial Reporting Standard 102'. The Financial Reporting Standard applicable to the UK and Republic of Ireland and with the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
In the opinion of the directors, ASC Communication Limited was part of a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.

The accounts present information about the company as an individual undertaking and not about its group.

Revenue recognition
Turnover represents revenue earned under a variety of contracts to provide services and advice to third parties.

Revenue is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under those contracts.

It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including recoverable expenses and disbursements, but excluding Value Added Tax.

For incomplete contracts, an assessment is made of the extent to which revenue is earned. This assessment takes into account the nature of the assignment, its stage of completion and the relevant contract terms.

Unbilled revenue is included in debtors.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Equipment 33.33% on reducing balance.
Tenants Improvements 20% straight line.
Motor Vehicles 25% on reducing balance.

Inventories
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

ASC Communications Limited (Registered number: SC338374)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. ACCOUNTING POLICIES - continued

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors and directors' loans.

Directors' loans, being repayable on demand, trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

ASC Communications Limited (Registered number: SC338374)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 26,714
DEPRECIATION
At 1 July 2023 13,709
Charge for year 3,773
At 30 June 2024 17,482
NET BOOK VALUE
At 30 June 2024 9,232
At 30 June 2023 13,005

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 17,425
DEPRECIATION
At 1 July 2023 9,053
Charge for year 2,093
At 30 June 2024 11,146
NET BOOK VALUE
At 30 June 2024 6,279
At 30 June 2023 8,372

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 14,546 9,215
Other debtors 1,475 1,934
16,021 11,149

ASC Communications Limited (Registered number: SC338374)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 3,136 3,136
Trade creditors 2,712 2,920
Taxation and social security 3,087 1,542
Other creditors 1,234 1,168
10,169 8,766

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 1,510 4,647

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 3,136 3,136
Between one and five years 1,510 4,647
4,646 7,783

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Mr N D Collie
Balance outstanding at start of year - 3,243
Amounts advanced 1,200 -
Amounts repaid - (3,243 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,200 -