ASETT GROUP LIMITED
Statement of financial position
as at 30 June 2025
Tangible assets
22,827
27,837
Cash at bank and in hand
14,000
10,498
Creditors: amounts falling due within one year
(20,344)
(15,958)
Net current liabilities
(6,344)
(5,460)
Total assets less current liabilities
16,483
22,377
Creditors: amounts falling due after more than one year
(15,962)
(21,870)
Called up share capital
100
100
Profit and loss account
421
407
Shareholders' funds
521
507
For the year ending 30 June 2025 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 her 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 8 September 2025 and were signed on its behalf by
Jerusha Mjomba Logongo
Director
Company Registration No. 13447998
ASETT GROUP LIMITED
Notes to the Accounts
for the year ended 30 June 2025
ASETT GROUP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13447998. The registered office is 5 KIMBLE CLOSE, EAST HUNSBURY, NORTHAMPTONSHIRE, NORTHAMPTON, NN4 0RF, 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:
Motor vehicles
Reducing Balance over 5 Years
4
Tangible fixed assets
Motor vehicles
5
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
1,880
2,282
Loans from directors
17,864
13,076
ASETT GROUP LIMITED
Notes to the Accounts
for the year ended 30 June 2025
6
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
15,962
21,870
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).