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Company No: 13893380 (England and Wales)

ASSEMBLE TECHNOLOGIES UK LTD

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH THE REGISTRAR

ASSEMBLE TECHNOLOGIES UK LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024

Contents

ASSEMBLE TECHNOLOGIES UK LTD

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
ASSEMBLE TECHNOLOGIES UK LTD

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
DIRECTORS Mitchell Mark Brunton
Patrick Skinner
Misha Wakerman
Saul Wakerman
REGISTERED OFFICE 6th Floor Manfield House
1 Southampton Street
London
WC2R 0LR
United Kingdom
COMPANY NUMBER 13893380 (England and Wales)
ACCOUNTANT Alliotts LLP
Manfield House
1 Southampton Street
London
WC2R 0LR
ASSEMBLE TECHNOLOGIES UK LTD

BALANCE SHEET

AS AT 30 JUNE 2024
ASSEMBLE TECHNOLOGIES UK LTD

BALANCE SHEET (continued)

AS AT 30 JUNE 2024
Note 30.06.2024 30.06.2023
£ £
Current assets
Debtors 3 31,298 2,917
31,298 2,917
Creditors: amounts falling due within one year 4 ( 1,377,980) ( 566,011)
Net current liabilities (1,346,682) (563,094)
Total assets less current liabilities (1,346,682) (563,094)
Net liabilities ( 1,346,682) ( 563,094)
Capital and reserves
Called-up share capital 5 1 1
Profit and loss account ( 1,346,683 ) ( 563,095 )
Total shareholder's deficit ( 1,346,682) ( 563,094)

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Assemble Technologies UK Ltd (registered number: 13893380) were approved and authorised for issue by the Board of Directors on 28 March 2025. They were signed on its behalf by:

Saul Wakerman
Director
ASSEMBLE TECHNOLOGIES UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
ASSEMBLE TECHNOLOGIES UK LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Assemble Technologies UK Ltd is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 6th Floor, Manfield House, 1 Southampton Street, London, WC2R 0LR, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £1,346,682. The Company is supported through loans from the Parent Company. The directors have received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the Parent Company will continue to support the Company. After making enquiries, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Reporting period length

The current financial period is for the 12 months ended 30 June 2024. The comparative financial period covers the period from incorporation on 4 February 2022 to 30 June 2023 and hence the periods are not entirely comparable.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

2. Employees

Year ended
30.06.2024
Period from
04.02.2022 to
30.06.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 5 4

3. Debtors

30.06.2024 30.06.2023
£ £
Other debtors 31,298 2,917

4. Creditors: amounts falling due within one year

30.06.2024 30.06.2023
£ £
Amounts owed to Group undertakings (note 6) 1,376,605 565,013
Other creditors 1,375 998
1,377,980 566,011

5. Called-up share capital

30.06.2024 30.06.2023
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

On incorporation, 1 Ordinary share was issued at par.

6. Related party transactions

The Company has availed of the exemption provided in FRS 102 Section 33 Related Party Disclosures not to disclose transactions entered into with fellow group companies that are wholly owned within the group of companies of which the Company is a wholly owned member.

Transactions with owners holding a participating interest in the entity

30.06.2024 30.06.2023
£ £
Other related parties 1,376,605 565,013

7. Ultimate controlling party

The immediate and ultimate parent entity is Assemble Technologies Pty. Ltd, a proprietary limited company incorporated under the law in Australia with registered office Level 4, 54 Wellington Street, Collingwood, City of Yarra, Victoria, Australia, 3066.