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COMPANY REGISTRATION NUMBER: 08886505
ASG Global Services Limited
Filleted Unaudited Financial Statements
30 June 2024
ASG Global Services Limited
Financial Statements
Year ended 30 June 2024
Contents
Page
Officers and professional advisers
1
Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
5
ASG Global Services Limited
Officers and Professional Advisers
The board of directors
A E Symonds
I M Gant
Registered office
4G Cleveland Square
London
W2 6DH
Accountants
Complete Accounting Solutions
Chartered Certified Accountants
727-729 High Road
London
N12 0BP
ASG Global Services Limited
Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of ASG Global Services Limited
Year ended 30 June 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 30 June 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Complete Accounting Solutions Chartered Certified Accountants
727-729 High Road London N12 0BP
ASG Global Services Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
Fixed assets
Investments
5
1
1
Current assets
Debtors
6
36,060
60,000
Cash at bank and in hand
1,192
85,848
--------
---------
37,252
145,848
Creditors: amounts falling due within one year
7
113,526
216,623
---------
---------
Net current liabilities
76,274
70,775
--------
--------
Total assets less current liabilities
( 76,273)
( 70,774)
--------
--------
Net liabilities
( 76,273)
( 70,774)
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 76,373)
( 70,874)
--------
--------
Shareholders funds
( 76,273)
( 70,774)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the 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:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
ASG Global Services Limited
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 29 April 2025 , and are signed on behalf of the board by:
A E Symonds
Director
Company registration number: 08886505
ASG Global Services Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4G Cleveland Square, London, W2 6DH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
In our opinion, on the basis of information and enquiries that are pertinent to the company's circumstances and which we believe to be adequate, it is appropriate to continue to treat the company as a going concern. In particular we believe that adequate cash resources will be available to cover the company's requirements for working capital for at least twelve months from the date of signing the financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office equipment
-
33% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
4. Tangible assets
Equipment
£
Cost
At 1 July 2023 and 30 June 2024
1,792
-------
Depreciation
At 1 July 2023 and 30 June 2024
1,792
-------
Carrying amount
At 30 June 2024
-------
At 30 June 2023
-------
5. Investments
Shares in group undertakings
£
Cost
At 1 July 2023 and 30 June 2024
1
----
Impairment
At 1 July 2023 and 30 June 2024
----
Carrying amount
At 30 June 2024
1
----
At 30 June 2023
1
----
The company owns 100% of the issued share capital of the company listed below:
Aggregate capital and reserves
2017 2016
£ £
ASG Global Services Pty. Ltd. (101,186) (221,628)
Profit and (loss) for the year
2017 2016
£ £
ASG Global Services Pty. Ltd. 132,283 (221,629)
The last set of financial statements available were for the year ended 30 June 2017.
6. Debtors
2024
2023
£
£
Trade debtors
36,000
60,000
Other debtors
60
--------
--------
36,060
60,000
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
100,000
210,098
Social security and other taxes
3,001
6,000
Other creditors
10,525
525
---------
---------
113,526
216,623
---------
---------