Company Registration No. SC559285 (Scotland)
ASR IT Solutions Ltd
Unaudited accounts
for the year ended 31 March 2025
ASR IT Solutions Ltd
Unaudited accounts
Contents
ASR IT Solutions Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
38,597
50,925
Cash at bank and in hand
1,799
40,658
Creditors: amounts falling due within one year
(18,725)
(38,389)
Net current (liabilities)/assets
(16,926)
2,269
Total assets less current liabilities
21,671
53,194
Creditors: amounts falling due after more than one year
(19,967)
(25,957)
Called up share capital
10
10
Profit and loss account
1,694
27,227
Shareholders' funds
1,704
27,237
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 May 2025 and were signed on its behalf by
Mr Ramesh Jangili
Director
Company Registration No. SC559285
ASR IT Solutions Ltd
Notes to the Accounts
for the year ended 31 March 2025
ASR IT Solutions Ltd is a private company, limited by shares, registered in Scotland, registration number SC559285. The registered office is 16 Currer Avenue, East Kilbride, Glasgow, G75 8WQ, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straightline
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
59,950
14,256
74,206
At 31 March 2025
59,950
15,505
75,455
At 1 April 2024
11,990
11,291
23,281
Charge for the year
11,990
1,587
13,577
At 31 March 2025
23,980
12,878
36,858
At 31 March 2025
35,970
2,627
38,597
At 31 March 2024
47,960
2,965
50,925
5
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
(66)
13,703
Other creditors
18,609
24,674
ASR IT Solutions Ltd
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
19,967
25,957
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).