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REGISTERED NUMBER: 06739582 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

AS-FE LTD

AS-FE LTD (REGISTERED NUMBER: 06739582)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AS-FE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: C Rammell
S P Rammell





REGISTERED OFFICE: Lower Latches Farm
Laches Lane
Coven
Wolverhampton
WV10 7PA





REGISTERED NUMBER: 06739582 (England and Wales)






AS-FE LTD (REGISTERED NUMBER: 06739582)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,174 59,802

CURRENT ASSETS
Stocks 3,975 3,975
Debtors 5 79,657 47,745
Cash at bank and in hand 18,267 67,517
101,899 119,237
CREDITORS
Amounts falling due within one year 6 106,509 137,051
NET CURRENT LIABILITIES (4,610 ) (17,814 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,564

41,988

CREDITORS
Amounts falling due after more than one
year

7

(3,965

)

(8,722

)

PROVISIONS FOR LIABILITIES (9,633 ) (11,362 )
NET ASSETS 33,966 21,904

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 33,964 21,902
SHAREHOLDERS' FUNDS 33,966 21,904

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

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

AS-FE LTD (REGISTERED NUMBER: 06739582)

BALANCE SHEET - continued
31 OCTOBER 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 10 June 2025 and were signed on its behalf by:





S P Rammell - Director


AS-FE LTD (REGISTERED NUMBER: 06739582)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

AS-FE Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance and 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year 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.

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 year 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.

AS-FE LTD (REGISTERED NUMBER: 06739582)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 39,133 112,588 5,342 157,063
Additions - 4,250 - 4,250
At 31 October 2024 39,133 116,838 5,342 161,313
DEPRECIATION
At 1 November 2023 33,908 58,920 4,433 97,261
Charge for year 1,550 9,696 632 11,878
At 31 October 2024 35,458 68,616 5,065 109,139
NET BOOK VALUE
At 31 October 2024 3,675 48,222 277 52,174
At 31 October 2023 5,225 53,668 909 59,802

AS-FE LTD (REGISTERED NUMBER: 06739582)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2023
and 31 October 2024 51,500
DEPRECIATION
At 1 November 2023 20,879
Charge for year 7,655
At 31 October 2024 28,534
NET BOOK VALUE
At 31 October 2024 22,966
At 31 October 2023 30,621

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 78,907 47,745
Other debtors 750 -
79,657 47,745

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,983 26,667
Hire purchase contracts 6,168 5,356
Trade creditors 36,682 51,252
Taxation and social security 44,621 51,678
Other creditors 6,055 2,098
106,509 137,051

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 3,965 8,722

AS-FE LTD (REGISTERED NUMBER: 06739582)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 12,983 26,667
Other loans - 25
Hire purchase contracts 10,133 14,078
23,116 40,770

Bank loans represent a bounce back loan and is fully guaranteed by H M Government.

Other loans represent factored debts and are secured against all property and future and present assets of the company, under a all assets debenture.

Liabilities under hire purchase agreements are secured on the assets to which they relate.