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REGISTERED NUMBER: 07772016 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Ascii Works Limited

Ascii Works Limited (Registered number: 07772016)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Ascii Works Limited

Company Information
for the year ended 30 September 2024







DIRECTOR: K Richards





REGISTERED OFFICE: 6 Prestwick Close
Usworth
Washington
Tyne and Wear
NE37 2LP





REGISTERED NUMBER: 07772016 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

Ascii Works Limited (Registered number: 07772016)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,869 36,782

CURRENT ASSETS
Debtors 5 37,610 409
Cash at bank 70,840 83,648
108,450 84,057
CREDITORS
Amounts falling due within one year 6 29,083 17,947
NET CURRENT ASSETS 79,367 66,110
TOTAL ASSETS LESS CURRENT
LIABILITIES

106,236

102,892

CREDITORS
Amounts falling due after more than one
year

7

(21,055

)

(27,297

)

PROVISIONS FOR LIABILITIES (5,469 ) (6,521 )
NET ASSETS 79,712 69,074

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 79,710 69,072
SHAREHOLDERS' FUNDS 79,712 69,074

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Ascii Works Limited (Registered number: 07772016)

Statement of Financial Position - continued
30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 June 2025 and were signed by:





K Richards - Director


Ascii Works Limited (Registered number: 07772016)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

Ascii Works 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 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.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the director considers to be appropriate.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% Straight line

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Ascii Works Limited (Registered number: 07772016)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Debtors due under contracts
Amounts due under contracts are valued using the stage of completion method against the actual value of the contract entered into. Consideration is taken into account of any potential bad debt or credit risk which may be attached to any contracts in place.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 71,967
Additions 1,852
Disposals (2,711 )
At 30 September 2024 71,108
DEPRECIATION
At 1 October 2023 35,185
Charge for year 11,764
Eliminated on disposal (2,710 )
At 30 September 2024 44,239
NET BOOK VALUE
At 30 September 2024 26,869
At 30 September 2023 36,782

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 36,848 -
Other debtors 762 409
37,610 409

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 6,243 6,056
Trade creditors 176 -
Taxation and social security 20,083 7,844
Other creditors 2,581 4,047
29,083 17,947

Ascii Works Limited (Registered number: 07772016)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 21,055 27,297