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Registered number: 4262779
Aswin (UK) Management Limited
Financial Statements
For The Year Ended 31 August 2024
Ranjan Consulting Limited
Chartered Certified Accountants
10 Wallace Fields
Epsom
Surrey
KT17 3AT
Aswin (UK) Management Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Aswin (UK) Management Limited
Balance Sheet
As At 31 August 2024
Balance Sheet
Registered number: 4262779

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Intangible Assets | 4 |  | 60,000 |  | 60,000
Tangible Assets | 5 |  | 1,291 |  | 2,420
|  |  | 61,291 |  | 62,420
CURRENT ASSETS
Stocks | 6 | 17,341 |  | 13,000 |
Debtors | 7 | 983 |  | 983 |
Cash at bank and in hand |  | 733 |  | 1,431 |
|  | 19,057 |  | 15,414 |
Creditors: Amounts Falling Due Within One Year | 8 | (61,236 ) |  | (48,630 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (42,179 ) |  | (33,216 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 19,112 |  | 29,204
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (18,932 ) |  | (28,913 )
NET ASSETS |  |  | 180 |  | 291
CAPITAL AND RESERVES
Called up share capital | 10 |  | 2 |  | 2
Profit and Loss Account |  |  | 178 |  | 289
SHAREHOLDERS' FUNDS |  |  | 180 |  | 291

Page 1
Page 2
Aswin (UK) Management Limited
Balance Sheet (continued)
As At 31 August 2024
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr T Siamnaikabahu Director
20th April 2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Aswin (UK) Management Limited
Notes to the Financial Statements
For The Year Ended 31 August 2024
Notes to the Financial Statements
1. General Information
Aswin (UK) Management Limited is a private company, limited by shares, incorporated in England & Wales, registered number 4262779 . The registered office is 18 Connaught Avenue, Grays, Essex, RM16 2XX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold | Term of the lease
Plant & Machinery | 25% reducing balance
Fixtures & Fittings | 25% reducing balance
Computer Equipment | 33% straight line

2.6. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Page 3
Page 4
Aswin (UK) Management Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2024
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was:

| 2024 |  | 2023
--- | --- | --- | ---
Office and administration | 5 |  | 5
| 5 |  | 5

4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 September 2023 | 60,000
As at 31 August 2024 | 60,000
Net Book Value
As at 31 August 2024 | 60,000
As at 1 September 2023 | 60,000

5. Tangible Assets

| Land & Property
--- | ---
| Leasehold | Plant & Machinery | Fixtures & Fittings | Computer Equipment | Total
| £ | £ | £ | £ | £
Cost
As at 1 September 2023 | 3,501 | 17,524 | 16,779 | 1,935 | 39,739
As at 31 August 2024 | 3,501 | 17,524 | 16,779 | 1,935 | 39,739
Depreciation
As at 1 September 2023 | 3,501 | 17,524 | 15,972 | 322 | 37,319
Provided during the period | - | - | 807 | 322 | 1,129
As at 31 August 2024 | 3,501 | 17,524 | 16,779 | 644 | 38,448

...CONTINUED
Page 4
Page 5
Aswin (UK) Management Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2024

Net Book Value
As at 31 August 2024 | - | - | - | 1,291 | 1,291
As at 1 September 2023 | - | - | 807 | 1,613 | 2,420

6. Stocks

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Stock | 17,341 |  | 13,000

7. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Prepayments and accrued income | 983 |  | 983

8. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | 9,270 |  | 9,886
Bank loans and overdrafts | 1,987 |  | 2,548
Corporation tax | 1,085 |  | 607
Other taxes and social security | 69 |  | 83
VAT | 880 |  | 809
Shareholders loan | 31,271 |  | 31,174
Pension creditor | 68 |  | 203
Accruals and deferred income | 5,963 |  | 3,112
Director's loan account | 10,643 |  | 208
| 61,236 |  | 48,630

9. Creditors: Amounts Falling Due After More Than One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bank loans | 18,932 |  | 28,913

11. Dividends

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
On equity shares:
Interim dividend paid | 3,600 |  | 600

Page 5