Aswin (UK) Management Limited

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

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

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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.

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.

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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

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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

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