REGISTERED NUMBER: 06739582 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

AS-FE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C Rammell

S P Rammell

REGISTERED OFFICE:

Lower Latches Farm

Laches Lane

Coven

Wolverhampton

WV10 7PA

REGISTERED NUMBER:

06739582 (England and Wales)

FIXED ASSETS

Tangible assets

4

38,393

52,174

CURRENT ASSETS

Stocks

3,975

3,975

Debtors

5

66,585

79,657

Cash at bank and in hand

15,406

18,267

85,966

101,899

CREDITORS

Amounts falling due within one year

6

67,020

106,509

NET CURRENT ASSETS/(LIABILITIES)

18,946

(4,610

)

TOTAL ASSETS LESS CURRENT LIABILITIES

57,339

47,564

CREDITORS

Amounts falling due after more than one year

7

-

(3,965

)

PROVISIONS FOR LIABILITIES

(7,014

)

(9,633

)

NET ASSETS

50,325

33,966

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

50,323

33,964

SHAREHOLDERS' FUNDS

50,325

33,966

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 July 2026 and were signed on its behalf by:

S P Rammell - Director

1.	STATUTORY INFORMATION

AS-FE Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance and 20% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2024

and 31 October 2025

39,133

116,838

5,342

161,313

DEPRECIATION

At 1 November 2024

35,458

68,616

5,065

109,139

Charge for year

1,552

11,952

277

13,781

At 31 October 2025

37,010

80,568

5,342

122,920

NET BOOK VALUE

At 31 October 2025

2,123

36,270

-

38,393

At 31 October 2024

3,675

48,222

277

52,174

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 November 2024

and 31 October 2025

51,500

DEPRECIATION

At 1 November 2024

28,534

Charge for year

4,675

At 31 October 2025

33,209

NET BOOK VALUE

At 31 October 2025

18,291

At 31 October 2024

22,966

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

65,909

78,907

Other debtors

676

750

66,585

79,657

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,744

12,983

Hire purchase contracts

3,288

6,168

Trade creditors

32,551

36,682

Taxation and social security

24,433

44,621

Other creditors

1,004

6,055

67,020

106,509

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

-

3,965

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

5,744

12,983

Hire purchase contracts

3,288

10,133

9,032

23,116

Bank loans represent a bounce back loan and is fully guaranteed by H M Government.

Other loans represent factored debts and are secured against all property and future and present assets of the company, under a all assets debenture.

Liabilities under hire purchase agreements are secured on the assets to which they relate.