Asset Quest Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
1,800
2,100
Cash at bank and in hand
10,059
21,580
Creditors: amounts falling due within one year
(2,819)
(1,816)
Net current assets
35,552
30,127
Total assets less current liabilities
37,352
32,227
Creditors: amounts falling due after more than one year
(10,003)
(14,239)
Called up share capital
2
2
Profit and loss account
27,347
17,986
Shareholders' funds
27,349
17,988
For the year ending 31 December 2024 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 23 September 2025 and were signed on its behalf by
Michael Mithamo Kangau
Director
Company Registration No. 07459379
Asset Quest Ltd
Notes to the Accounts
for the year ended 31 December 2024
Asset Quest Ltd is a private company, limited by shares, registered in England and Wales, registration number 07459379. The registered office is Charringtons, 170 West Hendon Broadway, London, London, NW9 7AA, England.
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.
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:
Land & buildings
Straight Line over 5 Years
4
Tangible fixed assets
Land & buildings
Amounts falling due within one year
Trade debtors
28,312
10,363
Asset Quest Ltd
Notes to the Accounts
for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
2,219
1,215
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).