For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

AS3 Performance Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 6A, Appleby Business Park, Appleby-in-Westmorland, CA16 6HT.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Turnover is measured at the fair value of the consideration received or receivable, net of discounts

and value added taxes. Revenue includes revenue earned from the sale of goods and/or the

rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of

the goods have transferred to the buyer.

Tangible fixed assets are stated at cost or valuation less depreciation.

The assets' residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting

date.

Depreciation is provided on all tangible fixed assets as follows:

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount

and are recognised in the Income Statement.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured

at the amounts of tax expected to pay or recover using the tax rates and laws that have been

enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences between the recognition of income and

expenses in the financial statements and their inclusion in tax assessments. 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.

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,

except for revalued land and investment property where the tax rate that applies to the sale of the

asset is used. Current and deferred tax assets and liabilities are not discounted.

The company operates a defined contribution plan for its employees. A defined contribution plan is a

pension plan under which the company pays fixed contributions into a separate entity. Once the

contributions have been paid the company has no further obligation.

Contributions to defined contribution plans are expensed in the period to which they relate.

Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of

the plan are held separately from the company in independently administered funds.

Assets held under finance leases which are leases where substantially all the risks and rewards of

ownership of the asset have passed to the company and hire purchase contracts are capitalised in

the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the

term of the lease. All other lease arrangements are classified as an operating lease.

The average monthly number of persons (including directors) employed by the company during the year was:

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.

Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

In accordance with section 33.1A of FRS102 the company is not required to disclose transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transaction is wholly owned by such a member.

This company's parent undertaking is AS3 Group Limited (formerly AS3 Performance Limited), a

company registered in England and Wales, company number 09011278.