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
ASI Automation Ltd
Company Information
for the year ended 31 March 2025
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
ASI Automation Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
79,806
56,125
Cash at bank and in hand
90,068
61,770
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)
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
ASI Automation Ltd
Notes to the Accounts
for the year ended 31 March 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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
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.
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.
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
Disposals
-
(49,999)
(49,999)
At 31 March 2025
41,315
73,631
114,946
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
At 31 March 2025
20,901
58,905
79,806
At 31 March 2024
26,126
29,999
56,125
Amounts falling due within one year
Accrued income and prepayments
1,214
-
6
Creditors: amounts falling due within one year
2025
2024
Obligations under finance leases and hire purchase contracts
11,567
8,822
Taxes and social security
6,000
-
Loans from directors
15,121
7,446
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
ASI Automation Ltd
Notes to the Accounts
for the year ended 31 March 2025
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).