General Information
ASGUK (SYSTEMS) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04601991, registration address Vernon House Brunel Court, Waterwells Buisness Park, Gloucester, Gloucestershire, GL2 2AL.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.
Licences and patents
Licences and patents are stated at cost less amortisation. Amortisation of licences is calculated on a straight line basis over the life of the licence. Amortisation of patents is calculated on a straight line basis over the estimated expected useful economic life of the patents of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Motor Vehicles |
25% Reducing Balance
|
| Plant and machinery |
25% Reducing Balance
|
| Computer Equipment |
25% Reducing Balance
|
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
| 2. |
Average number of employees
Average number of employees during the year was 17 (2024 : 15).
|
| 3. |
Intangible fixed assets
| Cost |
Goodwill |
|
Total |
| |
£ |
|
£ |
| At 01 December 2024 |
7,700 |
|
7,700 |
| Additions |
- |
|
- |
| Disposals |
- |
|
- |
| At 30 November 2025 |
7,700 |
|
7,700 |
| Amortisation |
| At 01 December 2024 |
7,700 |
|
7,700 |
| Charge for year |
- |
|
- |
| On disposals |
- |
|
- |
| At 30 November 2025 |
7,700 |
|
7,700 |
| Net book values |
| At 30 November 2025 |
- |
|
- |
| At 30 November 2024 |
- |
|
- |
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Plant and machinery |
|
Computer Equipment |
|
Motor Vehicles |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 December 2024 |
85,432 |
|
41,709 |
|
416,042 |
|
543,183 |
| Additions |
- |
|
1,332 |
|
- |
|
1,332 |
| Disposals |
- |
|
- |
|
(69,804) |
|
(69,804) |
| At 30 November 2025 |
85,432 |
|
43,041 |
|
346,238 |
|
474,711 |
| Depreciation |
| At 01 December 2024 |
61,538 |
|
27,570 |
|
242,436 |
|
331,544 |
| Charge for year |
5,974 |
|
3,868 |
|
37,880 |
|
47,722 |
| On disposals |
- |
|
- |
|
(47,718) |
|
(47,718) |
| At 30 November 2025 |
67,512 |
|
31,438 |
|
232,598 |
|
331,548 |
| Net book values |
| Closing balance as at 30 November 2025 |
17,920 |
|
11,603 |
|
113,640 |
|
143,163 |
| Opening balance as at 01 December 2024 |
23,894 |
|
14,139 |
|
173,606 |
|
211,639 |
The net book value of Motor Vehicles includes £ 113,640 (2024 £173,606) in respect of assets leased under finance leases or hire purchase contracts.
|
| 5. |
Share Capital
Allotted, called up and fully paid
|
2025
£ |
|
2024
£ |
|
54
Class A shares of £1.00 each |
54 |
|
54 |
|
4
Class B shares of £1.00 each |
4 |
|
4 |
|
58 |
|
58 |
|
2
|