ACCOUNTS - Final Accounts preparation

Director's advances, credits and guarantees

The following advances and credits to the director subsisted during the years ended 31 December 2024 and 31 December 2023:



	Asasca Limited












	Unaudited
	Financial statements

	For the year ended 31 December 2024

	Registered number: 11786456


Asasca Limited - Registered number: 11786456

Statement of financial position

As at 31 December 2024

	2024	2024	2023	2023
Note	£	£	£	£

Fixed assets
Investments	4		1		1
			1		1
Current assets
Debtors	5	464,489		461,999
Cash at bank		152,869		146,296
		617,358		608,295
Creditors: amounts falling due within one year	6	(7,884)		(4,898)
Net current assets			609,474		603,397
Total assets less current liabilities			609,475		603,398

Net assets			609,475		603,398

Capital and reserves
Share capital	2	2
Profit and loss account	609,473	603,396
	609,475	603,398

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

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Asasca Limited - Registered number: 11786456

Statement of financial position (continued)

As at 31 December 2024

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and signed by:

................................................

A Sharma

Director

Date: 29 September 2025

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Asasca Limited

Notes to the financial statements

For the year ended 31 December 2024

1.	General information

The company is a private company limited by shares and incorporated in England and Wales. Its registered office and principal place of business is 11 Noel Coward Avenue, Denham, Buckinghamshire, UB9 5FN. The company registration number is 11786456.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The following principal accounting policies have been applied:

2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment.

2.5

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.7

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial
assets and liabilities like trade and other debtors and creditors, and loans from related parties.

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Asasca Limited

Notes to the financial statements

For the year ended 31 December 2024

2.Accounting policies (continued)

2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholder at an annual general meeting.

3.	Employees
	The average monthly number of employees during the year was nil (2023 - nil).

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost
	At 1 January 2024	1
	At 31 December 2024	1

On 4 February 2019, the company acquired 50% of the share capital of Fiplab Ltd. The value of the investment was
measured at cost.

Debtors

					2024	2023
					£	£


Other debtors	464,489	461,999
	464,489	461,999

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Asasca Limited

Notes to the financial statements

For the year ended 31 December 2024

6.	Creditors: amounts falling due within one year
		2024	2023
		£	£

Trade creditors	2,640	-
Corporation tax	564	698
Accruals	4,680	4,200
	7,884	4,898

Balance outstanding at start of the year	348,623	348,845
Amounts advanced	7,735	7,849
Amounts repaid	(5,243)	(8,071)
Balance outstanding at end of the year	351,115	348,623

This loan is repayable on demand and interest has been charged at the official HMRC interest rate.

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