Registration number: 08389219

ASB (Kent) Limited

trading as T/A Welcome Co-op Faversham

Contents

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

ASB (Kent) Limited

trading as T/A Welcome Co-op Faversham

(Registration number: 08389219)
Balance Sheet as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	128,023	80,827
Current assets
Stocks	5	15,000	15,000
Debtors	6	291,663	292,742
Cash at bank and in hand		103,832	66,372
		410,495	374,114
Creditors: Amounts falling due within one year	7	(275,672)	(221,386)
Net current assets		134,823	152,728
Total assets less current liabilities		262,846	233,555
Creditors: Amounts falling due after more than one year	7	(27,888)	(49,499)
Provisions for liabilities		(32,006)	(20,207)
Net assets		202,952	163,849
Capital and reserves
Called up share capital		3	3
Retained earnings		202,949	163,846
Shareholders' funds		202,952	163,849

ASB (Kent) Limited

trading as T/A Welcome Co-op Faversham

(Registration number: 08389219)
Balance Sheet as at 31 January 2025

For the financial year ending 31 January 2025 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 year 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 8 August 2025 and signed on its behalf by:
 

......................................... Mr Sandeep Bains Director

ASB (Kent) Limited

trading as T/A Welcome Co-op Faversham

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1	General information

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

The address of its registered office is:
9 Whitstable Road
Kent Faversham
United Kingdom
Kent
ME13 8BE
England

These financial statements were authorised for issue by the Board on 8 August 2025.

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 financial statements have been prepared on a going concern basis.

Revenue recognition

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

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

ASB (Kent) Limited

trading as T/A Welcome Co-op Faversham

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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
Leasehold Improvements	10% Straight line
Office equipment	25% Reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

ASB (Kent) Limited

trading as T/A Welcome Co-op Faversham

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

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.

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 year, was 12 (2024 - 12).

ASB (Kent) Limited

trading as T/A Welcome Co-op Faversham

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

4	Tangible assets

	Improvements to property £	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 February 2024	19,930	183,256	11,552	214,738
Additions	61,900	10,744	2,130	74,774
At 31 January 2025	81,830	194,000	13,682	289,512
Depreciation
At 1 February 2024	3,986	127,038	2,888	133,912
Charge for the year	8,183	16,740	2,654	27,577
At 31 January 2025	12,169	143,778	5,542	161,489
Carrying amount
At 31 January 2025	69,661	50,222	8,140	128,023
At 31 January 2024	15,944	56,219	8,664	80,827

ASB (Kent) Limited

trading as T/A Welcome Co-op Faversham

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

5

Stocks

	2025 £	2024 £
Other inventories	15,000	15,000

6

Debtors

Current	2025 £	2024 £
Trade debtors	850	-
Prepayments	12,381	14,654
Other debtors	278,432	278,088
	291,663	292,742

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	24,668	24,668
Trade creditors		162,740	102,715
Taxation and social security		25,490	37,163
Accruals and deferred income		45,344	39,644
Other creditors		17,430	17,196
		275,672	221,386

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	27,888	49,499

ASB (Kent) Limited

trading as T/A Welcome Co-op Faversham

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	27,888	49,499

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	24,668	24,668