IRIS Accounts Production v25.1.4.42 09713008 Board of Directors 1.8.23 31.12.24 31.12.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh097130082023-07-31097130082024-12-31097130082023-08-012024-12-31097130082022-07-31097130082022-08-012023-07-31097130082023-07-3109713008ns15:EnglandWales2023-08-012024-12-3109713008ns14:PoundSterling2023-08-012024-12-3109713008ns10:Director12023-08-012024-12-3109713008ns10:PrivateLimitedCompanyLtd2023-08-012024-12-3109713008ns10:SmallEntities2023-08-012024-12-3109713008ns10:AuditExemptWithAccountantsReport2023-08-012024-12-3109713008ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-12-3109713008ns10:SmallCompaniesRegimeForAccounts2023-08-012024-12-3109713008ns10:FullAccounts2023-08-012024-12-310971300812023-08-012024-12-3109713008ns10:Director22023-08-012024-12-3109713008ns10:RegisteredOffice2023-08-012024-12-3109713008ns5:CurrentFinancialInstruments2024-12-3109713008ns5:CurrentFinancialInstruments2023-07-3109713008ns5:Non-currentFinancialInstruments2024-12-3109713008ns5:Non-currentFinancialInstruments2023-07-3109713008ns5:ShareCapital2024-12-3109713008ns5:ShareCapital2023-07-3109713008ns5:RetainedEarningsAccumulatedLosses2024-12-3109713008ns5:RetainedEarningsAccumulatedLosses2023-07-3109713008ns5:IntangibleAssetsOtherThanGoodwill2023-08-012024-12-3109713008ns5:PatentsTrademarksLicencesConcessionsSimilar2023-08-012024-12-3109713008ns5:PlantMachinery2023-08-012024-12-3109713008ns5:IntangibleAssetsOtherThanGoodwill2023-07-3109713008ns5:IntangibleAssetsOtherThanGoodwill2024-12-3109713008ns5:IntangibleAssetsOtherThanGoodwill2023-07-3109713008ns5:PlantMachinery2023-07-3109713008ns5:PlantMachinery2024-12-3109713008ns5:PlantMachinery2023-07-3109713008ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3109713008ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-31
REGISTERED NUMBER: 09713008 (England and Wales)















Unaudited Financial Statements

for the Period 1 August 2023 to 31 December 2024

for

ASSET TECHNOLOGY LIMITED

ASSET TECHNOLOGY LIMITED (REGISTERED NUMBER: 09713008)

Contents of the Financial Statements
for the Period 1 August 2023 to 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

ASSET TECHNOLOGY LIMITED

Company Information
for the Period 1 August 2023 to 31 December 2024







DIRECTORS: B C Swindlehurst
P S Rigney





REGISTERED OFFICE: Vantage House
3 East Terrace Business Park
Euxton Lane, Euxton
Chorley
Lancashire
PR7 6TB





REGISTERED NUMBER: 09713008 (England and Wales)





ACCOUNTANTS: Studholme-Bell Limited
Chartered Accountants
& Business Advisors
Vantage House
3 East Terrace Business Park
Euxton Lane, Euxton
Chorley
Lancashire
PR7 6TB

ASSET TECHNOLOGY LIMITED (REGISTERED NUMBER: 09713008)

Balance Sheet
31 December 2024

31.12.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 34,409 14,272
Tangible assets 5 292,627 338,323
327,036 352,595

CURRENT ASSETS
Stocks 146,397 56,231
Debtors 6 121,775 116,062
Cash at bank 57,415 94,176
325,587 266,469
CREDITORS
Amounts falling due within one year 7 277,705 206,195
NET CURRENT ASSETS 47,882 60,274
TOTAL ASSETS LESS CURRENT
LIABILITIES

374,918

412,869

CREDITORS
Amounts falling due after more than one
year

8

(291,361

)

(364,435

)

PROVISIONS FOR LIABILITIES (73,157 ) (64,281 )
NET ASSETS/(LIABILITIES) 10,400 (15,847 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 10,399 (15,848 )
SHAREHOLDERS' FUNDS 10,400 (15,847 )

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

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

ASSET TECHNOLOGY LIMITED (REGISTERED NUMBER: 09713008)

Balance Sheet - continued
31 December 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 24 June 2025 and were signed on its behalf by:





B C Swindlehurst - Director


ASSET TECHNOLOGY LIMITED (REGISTERED NUMBER: 09713008)

Notes to the Financial Statements
for the Period 1 August 2023 to 31 December 2024


1. STATUTORY INFORMATION

Asset Technology 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
The principle accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year and have also been consistently applied within the same accounts.

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Turnover
Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 10% on reducing balance

Stocks
Stocks have been valued at the lower of cost and estimated selling price, less costs to sell. In respect of work in progress and finished goods, cost included a relevant proportion of overheads according to the stage of manufacture/completion.

Taxation
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

Hire purchase and leasing commitments
Property, plant and equipment acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other intangible assets. The related obligations, net of future finance charges, are included in creditors.

Rentals payable under operating leases are charged to the profit and loss account 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.

ASSET TECHNOLOGY LIMITED (REGISTERED NUMBER: 09713008)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 31 December 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The following assets and liabilities are classified as financial instruments – trade debtors, trade creditors, bank loans and directors’ loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors’ loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 29 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2023 14,272
Additions 20,137
At 31 December 2024 34,409
NET BOOK VALUE
At 31 December 2024 34,409
At 31 July 2023 14,272

ASSET TECHNOLOGY LIMITED (REGISTERED NUMBER: 09713008)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 31 December 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 338,731
Additions 4,878
Disposals (17,744 )
At 31 December 2024 325,865
DEPRECIATION
At 1 August 2023 408
Charge for period 32,830
At 31 December 2024 33,238
NET BOOK VALUE
At 31 December 2024 292,627
At 31 July 2023 338,323

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.7.23
£    £   
Trade debtors 78,366 87,056
Amounts owed by associates 9,920 -
Other debtors 33,489 29,006
121,775 116,062

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.7.23
£    £   
Bank loans and overdrafts 9,991 10,000
Hire purchase contracts 47,904 50,224
Trade creditors 101,177 111,958
Amounts owed to associates 20,900 -
Taxation and social security 84,899 32,813
Other creditors 12,834 1,200
277,705 206,195

ASSET TECHNOLOGY LIMITED (REGISTERED NUMBER: 09713008)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 31 December 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.7.23
£    £   
Bank loans 16,000 28,333
Hire purchase contracts 49,540 101,072
Other creditors 225,821 235,030
291,361 364,435

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Asset Technology Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Asset Technology Limited for the period ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Asset Technology Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Asset Technology Limited and state those matters that we have agreed to state to the Board of Directors of Asset Technology Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Asset Technology Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Asset Technology Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Asset Technology Limited. You consider that Asset Technology Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Asset Technology Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Studholme-Bell Limited
Chartered Accountants
& Business Advisors
Vantage House
3 East Terrace Business Park
Euxton Lane, Euxton
Chorley
Lancashire
PR7 6TB


24 June 2025