2 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 2,396 1,386 252 1,638 758 1,010 xbrli:pure xbrli:shares iso4217:GBP 12491530 2024-04-01 2025-03-31 12491530 2025-03-31 12491530 2024-03-31 12491530 2023-04-01 2024-03-31 12491530 2024-03-31 12491530 2023-03-31 12491530 bus:Director1 2024-04-01 2025-03-31 12491530 core:WithinOneYear 2025-03-31 12491530 core:WithinOneYear 2024-03-31 12491530 core:ShareCapital 2025-03-31 12491530 core:ShareCapital 2024-03-31 12491530 core:RetainedEarningsAccumulatedLosses 2025-03-31 12491530 core:RetainedEarningsAccumulatedLosses 2024-03-31 12491530 bus:SmallEntities 2024-04-01 2025-03-31 12491530 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 12491530 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 12491530 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 12491530 bus:FullAccounts 2024-04-01 2025-03-31 12491530 core:OfficeEquipment 2024-04-01 2025-03-31 12491530 core:OfficeEquipment 2025-03-31 12491530 core:OfficeEquipment 2024-03-31
COMPANY REGISTRATION NUMBER: 12491530
Asymptick Ltd
Filleted Unaudited Financial Statements
31 March 2025
Asymptick Ltd
Financial Statements
Year ended 31 March 2025
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Asymptick Ltd
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
Fixed assets
Tangible assets
5
758
1,010
Current assets
Debtors
6
282
75
Cash at bank and in hand
24,576
37,495
--------
--------
24,858
37,570
Creditors: amounts falling due within one year
7
7,711
14,012
--------
--------
Net current assets
17,147
23,558
--------
--------
Total assets less current liabilities
17,905
24,568
Provisions
144
192
--------
--------
Net assets
17,761
24,376
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
17,661
24,276
--------
--------
Shareholders funds
17,761
24,376
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Asymptick Ltd
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 17 June 2025 , and are signed on behalf of the board by:
Mr J E Gouldman
Director
Company registration number: 12491530
Asymptick Ltd
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
Asymptick Ltd is a private company limited by shares, registered in the United Kingdom number 12491530 . Its registered office is 1 Pavilion Square, Cricketers Way, Westhoughton, Bolton, BL5 3AJ. The principal activity of the company during the year was that of business consultancy services.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% reducing balance
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Tangible assets
Equipment
£
Cost
At 1 April 2024 and 31 March 2025
2,396
-------
Depreciation
At 1 April 2024
1,386
Charge for the year
252
-------
At 31 March 2025
1,638
-------
Carrying amount
At 31 March 2025
758
-------
At 31 March 2024
1,010
-------
6. Debtors
2025
2024
£
£
Other debtors
282
75
----
----
7. Creditors: amounts falling due within one year
2025
2024
£
£
Social security and other taxes
6,495
6,995
Other creditors
1,216
7,017
-------
--------
7,711
14,012
-------
--------