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COMPANY REGISTRATION NUMBER: 04555373

ASE INVESTMENTS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED

25 October 2024

ASE INVESTMENTS LIMITED

FINANCIAL STATEMENTS

PERIOD ENDED 25 OCTOBER 2024

CONTENTS | PAGES

Statement of financial position | 1 to 2

Notes to the financial statements | 3 to 5

ASE INVESTMENTS LIMITED

STATEMENT OF FINANCIAL POSITION

25 October 2024

| 2024 | 2023
Note | £ | £ | £

CURRENT ASSETS

Debtors | 7 | 180,106 |  | 171,794
Cash at bank and in hand | 287,654 |  | 196,639
| --------- |  | ---------
| 467,760 |  | 368,433

CREDITORS: amounts falling due within one year | 8 | ( 461,377) |  | ( 337,826)
| --------- |  | ---------
NET CURRENT ASSETS |  | 6,383 | 30,607
|  | ------- | --------
TOTAL ASSETS LESS CURRENT LIABILITIES |  | 6,383 | 30,607

CREDITORS: amounts falling due after more than one year | 9 |  | ( 5,922) | ( 15,944)
|  | ------- | --------
NET ASSETS |  | 461 | 14,663
|  | ------- | --------

CAPITAL AND RESERVES

Called up share capital |  | 100 | 100
Profit and loss account |  | 361 | 14,563
|  | ---- | --------
SHAREHOLDERS FUNDS |  | 461 | 14,663
|  | ---- | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 25 October 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 financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

ASE INVESTMENTS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

25 October 2024
These financial statements were approved by the board of directors and authorised for issue on 13 November 2025 , and are signed on behalf of the board by:

P Colebrook
Director

Company registration number: 04555373

ASE INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

PERIOD ENDED 25 OCTOBER 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 26 West Street, West Butterwick, Scunthorpe, DN17 3LA.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of services supplied.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation to date.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Fixtures and fittings | - | 25% straight line
| Computer equipment | - | 33% straight line

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to 5 (2023: 5 ).
5. TAX ON PROFIT
Major components of tax expense

|  | Period from
| Year to | 29 Oct 22 to
| 25 Oct 24 | 26 Oct 23
| £ | £

Current tax:

UK current tax expense | 98,633 | 92,022

Deferred tax:

Origination and reversal of timing differences | – | ( 871)
| -------- | --------
Tax on profit | 98,633 | 91,151
| -------- | --------

Reconciliation of tax expense
The tax assessed on the profit on ordinary activities for the period is higher than (2023: higher than) the standard rate of corporation tax in the UK of 25 % (2023: 22.46 %).

|  | Period from
| Year to | 29 Oct 22 to
| 25 Oct 24 | 26 Oct 23
| £ | £
Profit on ordinary activities before taxation | 394,431 | 405,003
| --------- | ---------
Profit on ordinary activities by rate of tax | 98,608 | 90,970
Effect of expenses not deductible for tax purposes | 25 | 22
Effect of capital allowances and depreciation | – | 1,030
Deferred taxation | – | ( 871)
| --------- | ---------
Tax on profit | 98,633 | 91,151
| --------- | ---------

6. TANGIBLE ASSETS

| Fixtures and fittings | Computer equipment | Total
| £ | £ | £
Cost |  |  |
At 27 October 2023 and 25 October 2024 | 38,515 | 2,127 | 40,642
| -------- | ------- | --------
Depreciation |  |  |
At 27 October 2023 and 25 October 2024 | 38,515 | 2,127 | 40,642
| -------- | ------- | --------
Carrying amount |  |  |
At 25 October 2024 | – | – | –
| -------- | ------- | --------
At 26 October 2023 | – | – | –
| -------- | ------- | --------

7. DEBTORS

| 2024 | 2023
| £ | £
Trade debtors | 180,106 | 171,794
| --------- | ---------

8. CREDITORS: amounts falling due within one year

| 2024 | 2023
| £ | £
Bank loans and overdrafts | 10,000 | 10,000
Corporation tax | 194,070 | 133,016
Social security and other taxes | 19,339 | 28,565
Other creditors | 237,968 | 166,245
| --------- | ---------
| 461,377 | 337,826
| --------- | ---------

9. CREDITORS: amounts falling due after more than one year

| 2024 | 2023
| £ | £
Bank loans and overdrafts | 5,922 | 15,944
| ------- | --------

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
During the year the company continued to benefit from loans provided by the directors. These loans are interest free and repayable on demand. At the balance sheet date the total amount owed from the company to the directors amounted to £229,946 (2023 - £159,849).