2023-12-012024-11-302024-11-30false07483807ASSESMONT GROUP 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ASSESMONT GROUP LTD

Registered Number
07483807
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2024

ASSESMONT GROUP LTD
Company Information
for the year from 1 December 2023 to 30 November 2024

Directors

DEAN, Martin Paul
HAMMOND, Mark Joseph Gordon
SAMS, David Anthony

Registered Address

The Old Granary
Dunton Road
Laindon
SS15 4DB

Registered Number

07483807 (England and Wales)
ASSESMONT GROUP LTD
Balance Sheet as at
30 November 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets312,01510,437
Investments4100200
12,11510,637
Current assets
Stocks55,96082,460
Debtors61,340,5381,052,477
Cash at bank and on hand607,112340,453
1,953,6101,475,390
Creditors amounts falling due within one year7(372,835)(348,128)
Net current assets (liabilities)1,580,7751,127,262
Total assets less current liabilities1,592,8901,137,899
Creditors amounts falling due after one year8(215,153)(87,635)
Net assets1,377,7371,050,264
Capital and reserves
Called up share capital100100
Profit and loss account1,377,6371,050,164
Shareholders' funds1,377,7371,050,264
The financial statements were approved and authorised for issue by the Board of Directors on 7 July 2025, and are signed on its behalf by:
SAMS, David Anthony
Director
Registered Company No. 07483807
ASSESMONT GROUP LTD
Notes to the Financial Statements
for the year ended 30 November 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.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover 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.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
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 fittings20
Office Equipment20
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Trade and other debtors
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. During the current year an Inter-Company Loan (£79,119) with Assesmont Ltd was written off due to the company going into liquidation.
2.Average number of employees

20242023
Average number of employees during the year3229
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 December 2320,0793,43023,509
Additions-4,2534,253
At 30 November 2420,0797,68327,762
Depreciation and impairment
At 01 December 2312,21585713,072
Charge for year1,1821,4932,675
At 30 November 2413,3972,35015,747
Net book value
At 30 November 246,6825,33312,015
At 30 November 237,8642,57310,437
4.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 December 23200200
Disposals(100)(100)
At 30 November 24100100
Net book value
At 30 November 24100100
At 30 November 23200200

Notes

1Investments in group undertakings and participating interests
5.Stocks

2024

2023

££
Raw materials and consumables5,9609,960
Work in progress-72,500
Total5,96082,460
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables1,194,150820,081
Amounts owed by group undertakings400157,977
Other debtors145,98874,419
Total1,340,5381,052,477
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables226,275229,918
Taxation and social security141,966113,234
Other creditors4,5944,976
Total372,835348,128
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.
8.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts37,50687,150
Amounts owed to related parties177,636-
Other creditors11485
Total215,15387,635
Long 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.