Company registration number 05284523 (England and Wales)
ASC UK TECHNOLOGIES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
ASC UK TECHNOLOGIES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 8
ASC UK TECHNOLOGIES LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
2,368
3,736
Current assets
Debtors
5
340,559
435,575
Cash at bank and in hand
73,077
81,118
413,636
516,693
Creditors: amounts falling due within one year
6
(216,496)
(581,736)
Net current assets/(liabilities)
197,140
(65,043)
Net assets/(liabilities)
199,508
(61,307)
Capital and reserves
Called up share capital
7
50,000
50,000
Profit and loss reserves
149,508
(111,307)
Total equity
199,508
(61,307)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 13 August 2025
Mr M Muller
Director
Company registration number 05284523 (England and Wales)
ASC UK TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

ASC UK Technologies Limited is a private company limited by shares incorporated in England and Wales. The registered office is 9 Crossways, London Road, Sunninghill, Berkshire, SL5 0PY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving financial statements, the director has reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. To assess the appropriateness of the going concern basis of accounting the director reviewed budgets and forecasts, recent company’s and group’s management accounts, and the latest unaudited group accounts. true

 

The director also acknowledges that the company is reliant on the parent entity via shared trading activities and intangible product recognised at the group level. Furthermore, a letter of support has been obtained from the parent company, confirming its intention to provide operating and financial support in a way of shared trade affairs so that the company can continue to trade for the foreseeable future.

 

The director therefore considers it is appropriate to prepare the financial statements on a going concern basis.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue from the sale of both physical and intangible goods is recognised when control of the goods passes to the customer, on the date of dispatch.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

ASC UK TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
20% on cost
Fixtures, fittings & equipment
10% on cost
Computer equipment
33% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors.Financial liabilities classified as payable within one year are not amortised.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

ASC UK TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation are included in the profit and loss account for the period.

ASC UK TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
2
Employees

The average monthly number of persons employed by the company during the year was:

2024
2023
Number
Number
Total
10
10
3
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
786
-
0
Deferred tax
Origination and reversal of timing differences
61,453
19,645
Total tax charge
62,239
19,645

The corporation tax rate increased to 25% with effect from 1 April 2023.

 

The 25% rate is used to measure UK deferred taxes in 2024 (and also in 2023 to the extent that the related

timing differences were expected to reverse after 1 April 2023).

The company has estimated losses of £nil (2023: £327,872) to carry forward and use against future profits.

 

ASC UK TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024
24,571
Additions
855
At 31 December 2024
25,426
Depreciation and impairment
At 1 January 2024
20,835
Depreciation charged in the year
2,223
At 31 December 2024
23,058
Carrying amount
At 31 December 2024
2,368
At 31 December 2023
3,736
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
133,564
130,015
Amounts owed by group companies
115,609
174,057
Other debtors
91,269
69,933
340,442
374,005
2024
2023
Amounts falling due after more than one year:
£
£
Deferred tax asset
117
61,570
Total debtors
340,559
435,575

 

ASC UK TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
7,929
10,775
Amounts owed to group undertakings
53,014
380,064
Corporation tax
786
-
0
Other taxation and social security
24,488
32,563
Other creditors
130,279
158,334
216,496
581,736
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
50,000
50,000
50,000
50,000
8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

Senior Statutory Auditor:
Izabela Kuchmacz
Statutory Auditor:
Ward Williams Limited
Date of audit report:
14 August 2025
9
Operating lease commitments

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
Total commitments
60,417
8,333
ASC UK TECHNOLOGIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 8 -
10
Related party transactions

The company has taken advantage of the exemption in FRS102 section 33.1A from the requirement to disclose transactions with the group companies.

11
Controlling party

The ultimate controlling party is ASC Technologies AG, a company registered in Germany, which holds 100% of the shareholding in ASC UK Technologies Limited.

 

The company's results are consolidated into the group accounts prepared by ASC Technologies AG, the parent undertaking of both the smallest and the largest group that consolidates these financial statements. Copies of these group financial statements are available from their registered office at Seibelstraße 2, 63768 Hösbach, Germany.

 

2024-12-312024-01-01falsefalsefalse14 August 2025CCH SoftwareCCH Accounts Production 2025.100The principal activity of the company continued to be that of software and cloud solutions in the field of omni-channel recording, quality management and analytics.
Mr M MullerRomanangel Limited
052845232024-01-012024-12-31052845232024-12-31052845232023-12-3105284523core:OtherPropertyPlantEquipment2024-12-3105284523core:OtherPropertyPlantEquipment2023-12-3105284523core:CurrentFinancialInstrumentscore:WithinOneYear2024-12-3105284523core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3105284523core:ShareCapital2024-12-3105284523core:ShareCapital2023-12-3105284523core:RetainedEarningsAccumulatedLosses2024-12-3105284523core:RetainedEarningsAccumulatedLosses2023-12-3105284523core:ShareCapitalOrdinaryShareClass12024-12-3105284523core:ShareCapitalOrdinaryShareClass12023-12-3105284523bus:Director12024-01-012024-12-3105284523core:PlantMachinery2024-01-012024-12-3105284523core:FurnitureFittings2024-01-012024-12-3105284523core:ComputerEquipment2024-01-012024-12-31052845232023-01-012023-12-3105284523core:UKTax2024-01-012024-12-3105284523core:UKTax2023-01-012023-12-3105284523core:OtherPropertyPlantEquipment2023-12-3105284523core:OtherPropertyPlantEquipment2024-01-012024-12-3105284523core:CurrentFinancialInstruments2024-12-3105284523core:CurrentFinancialInstruments2023-12-3105284523core:WithinOneYear2024-12-3105284523core:WithinOneYear2023-12-3105284523core:AfterOneYear2024-12-3105284523core:AfterOneYear2023-12-3105284523bus:OrdinaryShareClass12024-01-012024-12-3105284523bus:OrdinaryShareClass12024-12-3105284523bus:OrdinaryShareClass12023-12-3105284523bus:PrivateLimitedCompanyLtd2024-01-012024-12-3105284523bus:FRS1022024-01-012024-12-3105284523bus:Audited2024-01-012024-12-3105284523bus:CompanySecretary12024-01-012024-12-3105284523bus:SmallCompaniesRegimeForAccounts2024-01-012024-12-3105284523bus:FullAccounts2024-01-012024-12-31xbrli:purexbrli:sharesiso4217:GBP