Registration number: 10516177

Ascentae Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

Ascentae Limited

(Registration number: 10516177)
Balance Sheet as at 31 December 2024

	Note	31 December 2024 £	29 February 2024 £
Fixed assets
Tangible assets	4	43,340	81,394
Current assets
Stocks	5	469,564	564,674
Debtors	6	1,637,572	1,051,008
Cash at bank and in hand		50,607	112,932
		2,157,743	1,728,614
Creditors: Amounts falling due within one year	7	(4,476,224)	(3,615,647)
Net current liabilities		(2,318,481)	(1,887,033)
Total assets less current liabilities		(2,275,141)	(1,805,639)
Creditors: Amounts falling due after more than one year	7	(1,887,830)	(1,900,032)
Net liabilities		(4,162,971)	(3,705,671)
Capital and reserves
Called up share capital		50,000	50,000
Retained earnings		(4,212,971)	(3,755,671)
Shareholders' deficit		(4,162,971)	(3,705,671)

Ascentae Limited

(Registration number: 10516177)
Balance Sheet as at 31 December 2024

For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 30 September 2025 and signed on its behalf by:
 

......................................... N F Steljes Director

Ascentae Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2024 to 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
2 Old Bath Road
Newbury
Berkshire
RG14 1QL
England

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The directors and shareholders are investing in the company for long term sustainable growth.

The company is reliant on the financial support of its major shareholder, Nigel Steljes, who has committed to provide additional cash injections as required. Therefore the accounts have been prepared on a going concern basis on the understanding that sufficient cash will be made available to enable the company to meet its liabilities as they fall due.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of technology integration and audio visual distribution services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	33% straight line basis
Plant and machinery	50% straight line basis

Ascentae Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2024 to 31 December 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for technology integration and audio visual distribution services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Trade creditors

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 19 (2024 - 19).

Ascentae Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2024 to 31 December 2024

4	Tangible assets

	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 1 March 2024	153,164	29,754	182,918
Additions	9,135	4,620	13,755
At 31 December 2024	162,299	34,374	196,673
Depreciation
At 1 March 2024	81,873	19,651	101,524
Charge for the period	46,290	5,519	51,809
At 31 December 2024	128,163	25,170	153,333
Carrying amount
At 31 December 2024	34,136	9,204	43,340
At 29 February 2024	71,291	10,103	81,394

Ascentae Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2024 to 31 December 2024

5

Stocks

	31 December 2024 £	29 February 2024 £
Inventories	469,564	564,674

6

Debtors

Current	31 December 2024 £	29 February 2024 £
Trade debtors	1,523,696	950,682
Prepayments	39,449	46,795
Other debtors	74,427	53,531
	1,637,572	1,051,008

Ascentae Limited

Notes to the Unaudited Financial Statements for the Period from 1 March 2024 to 31 December 2024

7

Creditors

Creditors: amounts falling due within one year

	Note	31 December 2024 £	29 February 2024 £
Due within one year
Loans and borrowings	8	10,005	10,005
Trade creditors		3,532,962	3,026,388
Taxation and social security		301,225	141,756
Other creditors		632,032	437,498
		4,476,224	3,615,647