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REGISTERED NUMBER: 06040297 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

ASIC UK LTD

ASIC UK LTD (REGISTERED NUMBER: 06040297)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ASIC UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mrs M Dimmock
Mr L Hammond





REGISTERED OFFICE: Fast Track House
Pearson Way
Thornaby
Stockton on Tees
TS17 6PT





REGISTERED NUMBER: 06040297 (England and Wales)





ACCOUNTANTS: Lyons & Co Ltd
23 Yarm Road
Stockton on Tees
TS18 3NJ

ASIC UK LTD (REGISTERED NUMBER: 06040297)

ABRIDGED BALANCE SHEET
30 JUNE 2024

30/6/24 30/6/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 172 230
Investment property 5 45,655 45,655
45,827 45,885

CURRENT ASSETS
Debtors 329,373 359,407
Cash at bank and in hand 104,823 31,004
434,196 390,411
CREDITORS
Amounts falling due within one year 61,031 61,399
NET CURRENT ASSETS 373,165 329,012
TOTAL ASSETS LESS CURRENT
LIABILITIES

418,992

374,897

RESERVES
Retained earnings 418,992 374,897
418,992 374,897

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.

ASIC UK LTD (REGISTERED NUMBER: 06040297)

ABRIDGED BALANCE SHEET - 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 March 2025 and were signed on its behalf by:





Mr L Hammond - Director


ASIC UK LTD (REGISTERED NUMBER: 06040297)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Asic UK Ltd is a private company, limited by guarantee , registered in England and Wales. 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 each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023
and 30 June 2024 8,490
DEPRECIATION
At 1 July 2023 8,260
Charge for year 58
At 30 June 2024 8,318
NET BOOK VALUE
At 30 June 2024 172
At 30 June 2023 230

ASIC UK LTD (REGISTERED NUMBER: 06040297)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 45,655
NET BOOK VALUE
At 30 June 2024 45,655
At 30 June 2023 45,655

6. 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:

30/6/24 30/6/23
£    £   
Mr L Hammond
Balance outstanding at start of year 331,165 323,688
Amounts advanced 9,947 12,277
Amounts repaid (142,400 ) (4,800 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 198,712 331,165

Interest was charged on the director's loan at 2.5% during the year.

7. RELATED PARTY DISCLOSURES

During the year Asic UK Ltd traded with the following companies, of which the directors of this company are also directors, the following transactions occurred:

Income of £24,000 (2023 - £24,000) was received from Asic Global Ltd for administrative, management support and rent, no balances were held at the year end.

Management fees of £77,000 (2023 - £39,000) were charged to Asic Global Ltd, A total of £68,181 (2023,£15,181) was owed at the year end.

Management fees of £Nil (2023 - £Nil) were charged from Qisan Ltd. A total of £2,077 (2023 - £2,077 was owed at the year end.


All transactions were at open market value.