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Company Registration No. 11046071 (England and Wales)
ASI Automation Ltd Unaudited accounts for the year ended 31 March 2025
ASI Automation Ltd Unaudited accounts Contents
Page
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ASI Automation Ltd Company Information for the year ended 31 March 2025
Director
Clive Millgate
Secretary
Sadie Millgate
Company Number
11046071 (England and Wales)
Registered Office
273 Queens Road Maidstone ME16 0LB United Kingdom
Accountants
ASTON STEELE Aston House Cotchford Hill, Hartfield Sussex TN7 4HA
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ASI Automation Ltd Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
79,806 
56,125 
Current assets
Inventories
715 
610 
Debtors
11,202 
2,561 
Cash at bank and in hand
90,068 
61,770 
101,985 
64,941 
Creditors: amounts falling due within one year
(49,737)
(27,368)
Net current assets
52,248 
37,573 
Total assets less current liabilities
132,054 
93,698 
Creditors: amounts falling due after more than one year
(59,328)
(24,052)
Net assets
72,726 
69,646 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
72,724 
69,644 
Shareholders' funds
72,726 
69,646 
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 July 2025 and were signed on its behalf by
Clive Millgate Director Company Registration No. 11046071
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ASI Automation Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
ASI Automation Ltd is a private company, limited by shares, registered in England and Wales, registration number 11046071. The registered office is 273 Queens Road, Maidstone, ME16 0LB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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ASI Automation Ltd Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2024
41,315 
49,999 
91,314 
Additions
- 
73,631 
73,631 
Disposals
- 
(49,999)
(49,999)
At 31 March 2025
41,315 
73,631 
114,946 
Depreciation
At 1 April 2024
15,189 
20,000 
35,189 
Charge for the year
5,225 
17,492 
22,717 
On disposals
- 
(22,766)
(22,766)
At 31 March 2025
20,414 
14,726 
35,140 
Net book value
At 31 March 2025
20,901 
58,905 
79,806 
At 31 March 2024
26,126 
29,999 
56,125 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
VAT
- 
1,347 
Trade debtors
9,988 
1,214 
Accrued income and prepayments
1,214 
- 
11,202 
2,561 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
4,000 
- 
Obligations under finance leases and hire purchase contracts
11,567 
8,822 
Taxes and social security
6,000 
- 
Other creditors
- 
11,000 
Loans from directors
15,121 
7,446 
Accruals
13,049 
100 
49,737 
27,368 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Obligations under finance leases and hire purchase contracts
59,328 
24,052 
The companies assets are secured against these advances
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ASI Automation Ltd Notes to the Accounts for the year ended 31 March 2025
8
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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