Company No:
Contents
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 |
Note | 30.06.2024 | 30.06.2023 | ||
£ | £ | |||
Current assets | ||||
Debtors | 3 |
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31,298 | 2,917 | |||
Creditors: amounts falling due within one year | 4 | (
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Net current liabilities | (1,346,682) | (563,094) | ||
Total assets less current liabilities | (1,346,682) | (563,094) | ||
Net liabilities | (
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Capital and reserves | ||||
Called-up share capital | 5 |
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Profit and loss account | (
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Total shareholder's deficit | (
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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:
Saul Wakerman
Director |
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.
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 £.
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.
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.
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.
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.
Year ended 30.06.2024 |
Period from 04.02.2022 to 30.06.2023 |
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Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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30.06.2024 | 30.06.2023 | ||
£ | £ | ||
Other debtors |
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30.06.2024 | 30.06.2023 | ||
£ | £ | ||
Amounts owed to Group undertakings (note 6) |
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Other creditors |
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30.06.2024 | 30.06.2023 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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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 |