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REGISTERED NUMBER: 15507941 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

20 FEBRUARY 2024 TO 31 DECEMBER 2024

FOR

BANCON-IT ASI LTD

BANCON-IT ASI LTD (REGISTERED NUMBER: 15507941)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 20 FEBRUARY 2024 TO 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


BANCON-IT ASI LTD

COMPANY INFORMATION
FOR THE PERIOD 20 FEBRUARY 2024 TO 31 DECEMBER 2024







DIRECTORS: Mr B J Jarrett
Mr B J Scott-King





SECRETARY: Oakwood Corporate Secretary Limited





REGISTERED OFFICE: 3rd Floor 1 Ashley Road
Altrincham
United Kingdom
Cheshire
WA14 2DT





REGISTERED NUMBER: 15507941 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

BANCON-IT ASI LTD (REGISTERED NUMBER: 15507941)

BALANCE SHEET
31 DECEMBER 2024

Notes £    £   
FIXED ASSETS
Investments 4 170,363

CURRENT ASSETS
Debtors 5 109,994
Cash at bank 26,805
136,799
CREDITORS
Amounts falling due within one year 6 117,318
NET CURRENT ASSETS 19,481
TOTAL ASSETS LESS CURRENT
LIABILITIES

189,844

CAPITAL AND RESERVES
Called up share capital 7
Share premium 144,802
Retained earnings 45,035
SHAREHOLDERS' FUNDS 189,844

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

BANCON-IT ASI LTD (REGISTERED NUMBER: 15507941)

BALANCE SHEET - continued
31 DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by:




Mr B J Jarrett - Director



Mr B J Scott-King - Director


BANCON-IT ASI LTD (REGISTERED NUMBER: 15507941)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 20 FEBRUARY 2024 TO 31 DECEMBER 2024

1. STATUTORY INFORMATION

Bancon-It Asi Ltd is a private company, limited by shares , 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.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 170,363
At 31 December 2024 170,363
NET BOOK VALUE
At 31 December 2024 170,363

BANCON-IT ASI LTD (REGISTERED NUMBER: 15507941)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 20 FEBRUARY 2024 TO 31 DECEMBER 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 69,797
Other debtors 40,197
109,994

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 37
Trade creditors 45,451
Taxation and social security 11,820
Other creditors 60,010
117,318