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Company Registration No. 7518438 (England and Wales)
ASA FABS LTD Unaudited accounts for the year ended 28 February 2026
ASA FABS LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
ASA FABS LTD Company Information for the year ended 28 February 2026
Directors
Mr AR Freeman Mr AN Freeman Mr SD Freeman
Company Number
7518438 (England and Wales)
Registered Office
Unit 29-30 Park Hall Business Village Stoke on Trent Staffordshire ST3 5XA
Accountants
Thursfields Accountancy Limited Business Lodge, Trent House 234 Victoria Road Stoke-on-Trent Staffordshire ST4 2LW
- 3 -
ASA FABS LTD Statement of financial position as at 28 February 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
558,367
620,421
Investments
5
6
6
558,373
620,427
Current assets
Debtors
6
151,384
189,607
Cash at bank and in hand
937
2,321
152,321
191,928
Creditors: amounts falling due within one year
7
(402,502)
(335,207)
Net current liabilities
(250,181)
(143,279)
Total assets less current liabilities
308,192
477,148
Creditors: amounts falling due after more than one year
8
(254,055)
(395,759)
Net assets
54,137
81,389
Capital and reserves
Called up share capital
9
12
12
Profit and loss account
54,125
81,377
Shareholders' funds
54,137
81,389
For the year ending 28 February 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 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 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 of Directors and authorised for issue on 3 July 2026 and were signed on its behalf by
Mr AN Freeman Director Company Registration No. 7518438
- 4 -
ASA FABS LTD Notes to the Accounts for the year ended 28 February 2026
1
Statutory information
ASA FABS LTD is a private company, limited by shares, registered in England and Wales, registration number 7518438. The registered office is Unit 29-30, Park Hall Business Village, Stoke on Trent , Staffordshire , ST3 5XA.
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.
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:
Land & buildings
2% Straight Line
Plant & machinery
10% Reducing Balance
Motor vehicles
15% Reducing Balance
Fixtures & fittings
10% Reducing Balance
Computer equipment
33% 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.
Investments
Investments in subsidiary undertakings are recognised at cost.
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.
- 5 -
ASA FABS LTD Notes to the Accounts for the year ended 28 February 2026
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 March 2025
22,062
849,398
43,769
5,348
6,999
927,576
At 28 February 2026
22,062
849,398
43,769
5,348
6,999
927,576
Depreciation
At 1 March 2025
1,184
281,129
16,539
1,635
6,668
307,155
Charge for the year
441
56,827
4,084
371
331
62,054
At 28 February 2026
1,625
337,956
20,623
2,006
6,999
369,209
Net book value
At 28 February 2026
20,437
511,442
23,146
3,342
-
558,367
At 28 February 2025
20,878
568,269
27,230
3,713
331
620,421
2026
2025
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Plant & machinery
440,831
489,813
- Motor vehicles
18,719
22,022
5
Investments
Subsidiary undertakings
£
Valuation at 1 March 2025
6
Valuation at 28 February 2026
6
6
Debtors
2026
2025
£
£
Amounts falling due within one year
Amounts due from group undertakings etc.
137,697
175,920
Other debtors
13,687
13,687
151,384
189,607
7
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
40,966
41,775
VAT
8,800
8,949
Obligations under finance leases and hire purchase contracts
98,810
100,148
Trade creditors
133
115
Taxes and social security
21,580
-
Loans from directors
231,492
183,520
Accruals
721
700
402,502
335,207
- 6 -
ASA FABS LTD Notes to the Accounts for the year ended 28 February 2026
8
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
17,158
60,052
Obligations under finance leases and hire purchase contracts
236,897
335,707
254,055
395,759
9
Share capital
2026
2025
£
£
Allotted, called up and fully paid:
6 Ordinary shares of £1 each
6
6
2 Ordinary A shares of £1 each
2
2
2 Ordinary B shares of £1 each
2
2
2 Ordinary C shares of £1 each
2
2
12
12
10
Average number of employees
During the year the average number of employees was 3 (2025: 3).
- 7 -