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Company Registration No. 11046071 (England and Wales)
ASI Automation Ltd Unaudited accounts for the year ended 31 March 2026
ASI Automation Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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ASI Automation Ltd Company Information for the year ended 31 March 2026
Director
Clive Millgate
Secretary
Sadie Millgate
Company Number
11046071 (England and Wales)
Registered Office
273 Queens Road Maidstone ME16 0LB United Kingdom
Accountants
ASTON STEELE Aston House Cotchford Hill, Hartfield Sussex TN7 4HA
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ASI Automation Ltd Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
61,853
79,806
Current assets
Inventories
543
715
Debtors
5
7,974
11,202
Cash at bank and in hand
89,034
90,068
97,551
101,985
Creditors: amounts falling due within one year
6
(42,051)
(49,737)
Net current assets
55,500
52,248
Total assets less current liabilities
117,353
132,054
Creditors: amounts falling due after more than one year
7
(47,760)
(59,328)
Net assets
69,593
72,726
Capital and reserves
Called up share capital
8
2
2
Profit and loss account
69,591
72,724
Shareholders' funds
69,593
72,726
For the year ending 31 March 2026 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 May 2026 and were signed on its behalf by
Clive Millgate Director Company Registration No. 11046071
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ASI Automation Ltd Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
ASI Automation Ltd is a private company, limited by shares, registered in England and Wales, registration number 11046071. The registered office is 273 Queens Road, Maidstone, ME16 0LB, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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ASI Automation Ltd Notes to the Accounts for the year ended 31 March 2026
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2025
41,315
73,631
114,946
Additions
1,190
-
1,190
At 31 March 2026
42,505
73,631
116,136
Depreciation
At 1 April 2025
20,414
14,726
35,140
Charge for the year
4,417
14,726
19,143
At 31 March 2026
24,831
29,452
54,283
Net book value
At 31 March 2026
17,674
44,179
61,853
At 31 March 2025
20,901
58,905
79,806
5
Debtors
2026
2025
£
£
Amounts falling due within one year
Trade debtors
7,974
9,988
Accrued income and prepayments
-
1,214
7,974
11,202
6
Creditors: amounts falling due within one year
2026
2025
£
£
VAT
1,898
4,000
Obligations under finance leases and hire purchase contracts
11,567
11,567
Taxes and social security
4,600
6,000
Loans from directors
15,121
15,121
Accruals
5,756
13,049
Deferred income
3,109
-
42,051
49,737
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Obligations under finance leases and hire purchase contracts
47,760
59,328
The companies assets are secured against these advances
8
Share capital
2026
2025
£
£
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
- 6 -
ASI Automation Ltd Notes to the Accounts for the year ended 31 March 2026
9
Average number of employees
During the year the average number of employees was 2 (2025: 2).
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