A S F Engineering Limited

	Page
Company Information	1
Accountants' Report	2
Statement of Financial Position	3—4
Notes to the Financial Statements	5—7

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Accountants' Report

For The Year Ended 31 March 2025

Accountants' Report

Report to the directors on the preparation of the unaudited statutory accounts of A S F Engineering Limited for the year ended 31 March 2025

To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of A S F Engineering Limited which comprise the Income Statement, the Statement of Financial Position and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of A S F Engineering Limited , as a body, in accordance with the terms of our engagement letter dated 01 December 2022. Our work has been undertaken solely to prepare for your approval the accounts of A S F Engineering Limited and state those matters that we have agreed to state to the directors of A S F Engineering Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A S F Engineering Limited and its directors as a body for our work or for this report.

It is your duty to ensure that A S F Engineering Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of A S F Engineering Limited . You consider that A S F Engineering Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of A S F Engineering Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

22/12/2025

D N Robinson Limited

Chartered Certified Accountant

17 Gray's Hill

Bangor

County Down

BT20 3BB

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A S F Engineering Limited

Statement of Financial Position

As At 31 March 2025

Statement of Financial Position

Registered number: NI038235

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		108,272		81,076

			108,272		81,076
CURRENT ASSETS
Stocks	5	41,964		22,211
Debtors	6	345,387		281,598
Cash at bank and in hand		439,808		378,903

		827,159		682,712
Creditors: Amounts Falling Due Within One Year	7	(430,736 )		(329,796 )

NET CURRENT ASSETS (LIABILITIES)			396,423		352,916

TOTAL ASSETS LESS CURRENT LIABILITIES			504,695		433,992

PROVISIONS FOR LIABILITIES
Deferred Taxation			(20,595 )		(11,850 )

NET ASSETS			484,100		422,142

CAPITAL AND RESERVES
Called up share capital	8		4		4
Income Statement			484,096		422,138

SHAREHOLDERS' FUNDS			484,100		422,142

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A S F Engineering Limited

Statement of Financial Position (continued)

As At 31 March 2025

For the year ending 31 March 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.

On behalf of the board

Mr Melvin Smyth

Director

22/12/2025

The notes on pages 5 to 7 form part of these financial statements.

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A S F Engineering Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

A S F Engineering Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI038235 . The registered office is 54 Greenfield Road, Kells, Ballymena, County Antrim, BT42 3NG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% straight line
Plant & Machinery	25% reducing balance
Motor Vehicles	20% straight line
Fixtures & Fittings	20% reducing balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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A S F Engineering Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 7)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 April 2024	434,476	81,050	56,915	572,441
Additions	55,983	9,995	-	65,978
Disposals	(3,850 )	-	-	(3,850 )

As at 31 March 2025	486,609	91,045	56,915	634,569

Depreciation
As at 1 April 2024	389,639	53,470	48,256	491,365
Provided during the period	24,977	11,159	1,732	37,868
Disposals	(2,936 )	-	-	(2,936 )

As at 31 March 2025	411,680	64,629	49,988	526,297

Net Book Value
As at 31 March 2025	74,929	26,416	6,927	108,272

As at 1 April 2024	44,837	27,580	8,659	81,076

5. Stocks

	2025	2024
	£	£
Stock	41,964	22,211

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	342,694	281,598
Other debtors	2,693	-

	345,387	281,598

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	215,462	154,244
Corporation tax	19,483	-
Other taxes and social security	1,617	3,263
VAT	49,168	34,996
Other creditors	(369 )	(1,587 )
Accruals and deferred income	54,795	36,478
Directors' loan accounts	90,580	102,402

	430,736	329,796

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A S F Engineering Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	4	4

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Directors	Mr Melvin Smyth
	Mrs Linda Smyth
	Mr Neil McCullough
	Mrs Lynda Jane McCullough

Secretary	Mr Melvin Smyth

Company Number	NI038235

Registered Office	54 Greenfield Road
	Kells
	Ballymena
	County Antrim
	BT42 3NG

Accountants	D N Robinson Limited
	Chartered Certified Accountant
	17 Gray's Hill
	Bangor
	County Down
	BT20 3BB