ASE Investments Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04555373

ASE INVESTMENTS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED

25 October 2025

ASE INVESTMENTS LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 25 OCTOBER 2025

CONTENTS	PAGES

Statement of financial position	1 to 2

Notes to the financial statements	3 to 5

ASE INVESTMENTS LIMITED

STATEMENT OF FINANCIAL POSITION

25 October 2025

	2025		2024
Note	£	£	£

CURRENT ASSETS

Debtors	7	155,104	180,106
Cash at bank and in hand		379,274	287,654
		---------	---------
		534,378	467,760

CREDITORS: amounts falling due within one year	8	( 529,712)		( 461,377)
		---------		---------
NET CURRENT ASSETS			4,666	6,383
			-------	-------
TOTAL ASSETS LESS CURRENT LIABILITIES			4,666	6,383

CREDITORS: amounts falling due after more than one year	9	–	( 5,922)
		-------	-------
NET ASSETS		4,666	461
		-------	-------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	4,566	361
	-------	----
SHAREHOLDERS FUNDS	4,666	461
	-------	----

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 25 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

ASE INVESTMENTS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

25 October 2025

These financial statements were approved by the board of directors and authorised for issue on 24 July 2026 , and are signed on behalf of the board by:

P Colebrook

Director

Company registration number: 04555373

ASE INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 25 OCTOBER 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 26 West Street, West Butterwick, Scunthorpe, DN17 3LA.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises revenue recognised by the company in respect of services supplied.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation to date.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	25% straight line
Computer equipment	-	33% straight line

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 5 (2024: 5 ).

5. TAX ON PROFIT

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	100,039	98,633
Adjustments in respect of prior periods	( 25)	–
	---------	--------
Total current tax	100,014	98,633
	---------	--------
	---------	--------
Tax on profit	100,014	98,633
	---------	--------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is higher than (2024: higher than) the standard rate of corporation tax in the UK of 25 % (2024: 25 %).

	2025	2024
	£	£
Profit on ordinary activities before taxation	399,219	394,431
	---------	---------
Profit on ordinary activities by rate of tax	99,805	98,608
Adjustment to tax charge in respect of prior periods	( 25)	–
Effect of expenses not deductible for tax purposes	234	25
	---------	---------
Tax on profit	100,014	98,633
	---------	---------

6. TANGIBLE ASSETS

	Fixtures and fittings	Computer equipment	Total
	£	£	£
Cost
At 26 October 2024 and 25 October 2025	38,515	2,127	40,642
	--------	-------	--------
Depreciation
At 26 October 2024 and 25 October 2025	38,515	2,127	40,642
	--------	-------	--------
Carrying amount
At 25 October 2025	–	–	–
	--------	-------	--------
At 25 October 2024	–	–	–
	--------	-------	--------

7. DEBTORS

	2025	2024
	£	£
Trade debtors	155,104	180,106
	---------	---------

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	5,833	10,000
Corporation tax	201,979	194,070
Social security and other taxes	13,278	19,339
Other creditors	308,622	237,968
	---------	---------
	529,712	461,377
	---------	---------

9. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	5,922
	----	-------

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company continued to benefit from loans provided by the directors. These loans are interest free and repayable on demand. At the balance sheet date the total amount owed from the company to the directors amounted to £300,058 (2024 - £229,946).