REGISTERED NUMBER: 12296865 (England and Wales)

ASSET ASSURED MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D Bhagwan

Mr A L Rees

REGISTERED OFFICE:

5 Midland Court, Central Park

Leicester Road

Lutterworth

Leicestershire

LE17 4PN

REGISTERED NUMBER:

12296865 (England and Wales)

ACCOUNTANTS:

ApC

Chartered Accountants

7 St John Street

Mansfield

Nottinghamshire

NG18 1QH

FIXED ASSETS

Intangible assets

5

2,136

3,193

Tangible assets

6

295,224

176,844

297,360

180,037

CURRENT ASSETS

Stocks

124

163

Debtors

7

363,942

39,033

Cash at bank

864,820

453,785

1,228,886

492,981

CREDITORS

Amounts falling due within one year

8

923,011

332,656

NET CURRENT ASSETS

305,875

160,325

TOTAL ASSETS LESS CURRENT LIABILITIES

603,235

340,362

CREDITORS

Amounts falling due after more than one year

9

550,147

310,370

NET ASSETS

53,088

29,992

CAPITAL AND RESERVES

Called up share capital

10

506

506

Retained earnings

52,582

29,486

53,088

29,992

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

Mr D Bhagwan - Director

Mr A L Rees - Director

1.	STATUTORY INFORMATION

Asset Assured Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the value excluding Value Added Tax of fleet management services provided to customers during the year. In respect of fleet management services provided, all income is taken to profit and loss at the same point as the right to receive consideration has been acquired.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% straight line

Fixtures and fittings

-

20% straight line

Motor vehicles

-

33% straight line

Computer equipment

-

33% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments

Financial instruments 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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

5.	INTANGIBLE FIXED ASSETS

Intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

3,776

AMORTISATION

At 1 April 2024

583

Amortisation for year

1,057

At 31 March 2025

1,640

NET BOOK VALUE

At 31 March 2025

2,136

At 31 March 2024

3,193

6.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

-

321

164,426

39,004

203,751

Additions

1,056

2,662

194,683

8,500

206,901

Disposals

-

-

(63,542

)

(187

)

(63,729

)

At 31 March 2025

1,056

2,983

295,567

47,317

346,923

DEPRECIATION

At 1 April 2024

-

187

24,422

2,298

26,907

Charge for year

53

183

36,900

7,477

44,613

Eliminated on disposal

-

-

(19,821

)

-

(19,821

)

At 31 March 2025

53

370

41,501

9,775

51,699

NET BOOK VALUE

At 31 March 2025

1,003

2,613

254,066

37,542

295,224

At 31 March 2024

-

134

140,004

36,706

176,844

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

141,747

10,486

Other debtors

123,750

-

Directors' current accounts

32,769

299

Prepayments and accrued income

65,676

28,248

363,942

39,033

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

36,335

33,647

Corporation tax

18,468

8,752

Social security and other taxes

(9,269

)

542

Pensions

7,500

13,200

VAT

47,064

2,851

Wages control account

-

30

Accruals and deferred income

822,913

273,634

923,011

332,656

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Accruals and deferred income

550,147

310,370

10.	CALLED UP SHARE CAPITAL

Number allotted, issued and fully paid:

Class:

Nominal Value:

2025

2024

£

£

500

Ordinary

£0.01

500

500

1

Ordinary A

£1

1

1

1

Ordinary B

£1

1

1

1

Ordinary C

£1

1

1

1

Ordinary D

£1

1

1

1

Ordinary E

£1

1

1

1

Ordinary F

£1

1

1

506

506

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

Mr D Bhagwan

Balance outstanding at start of year

-

-

Amounts advanced

35,149

-

Amounts repaid

(2,530

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

32,619

-

12.	RELATED PARTY DISCLOSURES

Key management personnel remuneration in the year totalled £45,200 (2024: £30,149).

Directors remuneration in the year totalled £45,200 (2024: £30,149).