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ASSOS SBO UK & IRELAND LIMITED

Registered Number
11705085
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

ASSOS SBO UK & IRELAND LIMITED
Company Information
for the year from 1 January 2024 to 31 December 2024

Directors

DAL BOSCO, Andrea
NAVEZ, Edwin
SMITH, Philip

Registered Address

St James Market
18 Regent Street
London
SW1Y 4PH

Registered Number

11705085 (England and Wales)
ASSOS SBO UK & IRELAND LIMITED
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets324,47229,519
24,47229,519
Current assets
Debtors4220,213125,187
Cash at bank and on hand28,85443,048
249,067168,235
Creditors amounts falling due within one year5(127,198)(87,285)
Net current assets (liabilities)121,86980,950
Total assets less current liabilities146,341110,469
Net assets146,341110,469
Capital and reserves
Called up share capital100100
Profit and loss account146,241110,369
Shareholders' funds146,341110,469
The financial statements were approved and authorised for issue by the Board of Directors on 6 May 2025, and are signed on its behalf by:
DAL BOSCO, Andrea
Director
NAVEZ, Edwin
Director
SMITH, Philip
Director

Registered Company No. 11705085
ASSOS SBO UK & IRELAND LIMITED
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Fixtures and fittings15
Office Equipment25
2.Average number of employees

20242023
Average number of employees during the year44
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 January 2449,99425,64975,643
At 31 December 2449,99425,64975,643
Depreciation and impairment
At 01 January 2426,66719,45746,124
Charge for year3,4991,5485,047
At 31 December 2430,16621,00551,171
Net book value
At 31 December 2419,8284,64424,472
At 31 December 2323,3276,19229,519
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables202,000106,212
Other debtors10,52212,704
Prepayments and accrued income7,6916,271
Total220,213125,187
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables4,6631,894
Amounts owed to related parties93,23170,000
Taxation and social security21,2889,479
Other creditors-723
Accrued liabilities and deferred income8,0165,189
Total127,19887,285
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Related party transactions
The amounts owed to Assos of Switzerland as of 31st December 2024 are £70,000.00