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REGISTERED NUMBER: 15112185 (England and Wales)












ASGIL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

4 SEPTEMBER 2023 TO 31 AUGUST 2024






ASGIL LIMITED (REGISTERED NUMBER: 15112185)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 4 SEPTEMBER 2023 TO 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASGIL LIMITED

COMPANY INFORMATION
FOR THE PERIOD 4 SEPTEMBER 2023 TO 31 AUGUST 2024







DIRECTORS: Dr K A D Gilmore
Dr S Gilmore-Parvazi





REGISTERED OFFICE: Highland House
Mayflower Close
Chandlers Ford
Eastleigh
Hampshire
SO53 4AR





REGISTERED NUMBER: 15112185 (England and Wales)

ASGIL LIMITED (REGISTERED NUMBER: 15112185)

BALANCE SHEET
31 AUGUST 2024

Notes £
FIXED ASSETS
Intangible assets 4 67,500
Tangible assets 5 553,450
620,950

CURRENT ASSETS
Cash in hand 2

CREDITORS
Amounts falling due within one year 6 (234,675 )
NET CURRENT LIABILITIES (234,673 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

386,277

CREDITORS
Amounts falling due after more than one
year

7

(523,037

)
NET LIABILITIES (136,760 )

CAPITAL AND RESERVES
Called up share capital 2
Retained earnings (136,762 )
(136,760 )

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

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

ASGIL LIMITED (REGISTERED NUMBER: 15112185)

BALANCE SHEET - continued
31 AUGUST 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:





Dr K A D Gilmore - Director


ASGIL LIMITED (REGISTERED NUMBER: 15112185)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 4 SEPTEMBER 2023 TO 31 AUGUST 2024


1. STATUTORY INFORMATION

ASGIL LIMITED 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Going concern
At the balance sheet date the company has net liabilities and is dependant upon the support of the directors' to continue trading. The directors' indicated that their support will continue for a period of at least 12 months from the date of signing these financial statements and have concluded that with the right management actions the company is a going concern. Accordingly the directors' have prepared the financial statements on this basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% Straight line

Plant and Equipment - 20% Reducing balance

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


ASGIL LIMITED (REGISTERED NUMBER: 15112185)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 4 SEPTEMBER 2023 TO 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Financial assets
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

ASGIL LIMITED (REGISTERED NUMBER: 15112185)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 4 SEPTEMBER 2023 TO 31 AUGUST 2024


4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£ £ £
COST
Additions 74,997 3 75,000
At 31 August 2024 74,997 3 75,000
AMORTISATION
Charge for period 7,500 - 7,500
At 31 August 2024 7,500 - 7,500
NET BOOK VALUE
At 31 August 2024 67,497 3 67,500

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST
Additions 498,668 77,500 576,168
At 31 August 2024 498,668 77,500 576,168
DEPRECIATION
Charge for period 9,968 12,750 22,718
At 31 August 2024 9,968 12,750 22,718
NET BOOK VALUE
At 31 August 2024 488,700 64,750 553,450

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£
Bank loans and overdrafts 59,861
Other creditors 174,814
234,675

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£
Bank loans 523,037

ASGIL LIMITED (REGISTERED NUMBER: 15112185)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 4 SEPTEMBER 2023 TO 31 AUGUST 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
£
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 300,694
300,694

8. SECURED DEBTS

The following secured debts are included within creditors:

£
Bank loans 582,898

9. RELATED PARTY DISCLOSURES

At the year-end, the company owed £165,232 to a company under common control. The loan is interest free.