ASM SUBS LTD


Directors	A K Mahay
	A S Mahay


Registered Number	11740217 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		51,381		64,255
			51,381		64,255
Current assets
Stocks		2,859		3,506
Debtors	4	60,976		71,538
Cash at bank and on hand		18,177		19,359
		82,012		94,403
Creditors amounts falling due within one year	5	(73,898)		(72,327)
Net current assets (liabilities)			8,114		22,076
Total assets less current liabilities			59,495		86,331
Creditors amounts falling due after one year	6		(31,519)		(53,523)
Net assets			27,976		32,808
Capital and reserves
Called up share capital			100		100
Profit and loss account			27,876		32,708
Shareholders' funds			27,976		32,808

The company was entitled to exemption from audit for this reporting period 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 Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 14 November 2025, and are signed on its behalf by:

A S Mahay
Director
Registered Company No. 11740217

ASM SUBS LTD

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Finance leases and hire purchase contracts
	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 balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

	Stocks and work in progress
	Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	15		10

3.	Tangible fixed assets

	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£
Cost or valuation
At 01 April 24	50,410	110,070	3,797	164,277
Additions	-	384	-	384
At 31 March 25	50,410	110,454	3,797	164,661
Depreciation and impairment
At 01 April 24	28,648	70,894	480	100,022
Charge for year	4,354	8,241	663	13,258
At 31 March 25	33,002	79,135	1,143	113,280
Net book value
At 31 March 25	17,408	31,319	2,654	51,381
At 31 March 24	21,762	39,176	3,317	64,255

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	3,381	6,004
Other debtors	50,000	65,000
Prepayments and accrued income	7,595	534
Total	60,976	71,538

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	16,813	7,876
Bank borrowings and overdrafts	5,650	15,757
Taxation and social security	31,007	25,802
Finance lease and HP contracts	15,378	15,126
Other creditors	5,050	1,766
Accrued liabilities and deferred income	-	6,000
Total	73,898	72,327

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	23,805	27,808
Other creditors	7,714	25,715
Total	31,519	53,523

7.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	23,093		40,841

8.	Related party transactions
	Other debtors of £50,000 (2024: £65,000) relates to AKM & Son Holdings Ltd, both the directors are also directors in this company. Included in other creditors is the directors' current account balance of £382 (2024: £1,430).