Registration number: SC534011

ASL Consultancy Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 6

ASL Consultancy Limited

Company Information

Director

Mrs L McGregor

Registered office

3 High Street Kinross KY13 8AW

Accountants

Ross McConnell Chartered Accountant3 High Street Kinross KY13 8AW

ASL Consultancy Limited

(Registration number: SC534011)
Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Fixed Assets
Tangible Assets	4	38,262	52,432
Current assets
Debtors	5	63,172	30,220
Cash at bank and in hand		70,842	69,504
		134,014	99,724
Creditors: Amounts falling due within one year	6	(53,418)	(28,163)
Net current assets		80,596	71,561
Total assets less current liabilities		118,858	123,993
Creditors: Amounts falling due after more than one year	6	(36,876)	(41,245)
Net assets		81,982	82,748
Capital and reserves
Called up share capital	7	100	100
Retained earnings		81,882	82,648
Shareholders' funds		81,982	82,748

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

Director's 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 director acknowledges her 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 and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 April 2026
 

......................................... Mrs L McGregor Director

ASL Consultancy Limited

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

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
3 High Street
Kinross
KY13 8AW

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.

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.

Tax

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.

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.

ASL Consultancy Limited

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

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
IT equipment	20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2024 - 4).

ASL Consultancy Limited

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

4	Tangible Assets

	IT equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 August 2024	17,298	72,560	89,858
Additions	2,500	-	2,500
At 31 July 2025	19,798	72,560	92,358
Depreciation
At 1 August 2024	11,935	25,491	37,426
Charge for the year	2,158	14,512	16,670
At 31 July 2025	14,093	40,003	54,096
Carrying amount
At 31 July 2025	5,705	32,557	38,262
At 31 July 2024	5,363	47,069	52,432

5

Debtors

Current	2025 £	2024 £
Trade debtors	63,172	30,220
	63,172	30,220

ASL Consultancy Limited

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

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		2,410	1,800
Trade creditors		9,963	-
Taxation and social security		19,417	16,538
Accruals and deferred income		1,000	1,000
Other creditors		20,628	8,825
		53,418	28,163

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		36,876	41,245

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100