A.S.K. Rewinds Ltd. - Accounts to registrar (filleted)

REGISTERED NUMBER: 03670294 (England and Wales)

Financial Statements for the Year Ended 30 November 2025

for

A.S.K. Rewinds Ltd.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Whitaker

Mr P R Lewis

REGISTERED OFFICE:

Unit 5 Laneside

Metcalf Drive

Altham Industrial Estate

Accrington

Lancashire

BB5 5TU

REGISTERED NUMBER:

03670294 (England and Wales)

ACCOUNTANTS:

Bennett Kirkhope Smith

Chartered Certified Accountants

Suites 5 & 6 The Printworks

Hey Road

Barrow

Clitheroe

Lancashire

BB7 9WB

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

137,360

175,173

137,360

175,173

CURRENT ASSETS

Stocks

6

71,944

63,500

Debtors

7

212,045

261,962

Cash at bank and in hand

87,439

129,335

371,428

454,797

CREDITORS

Amounts falling due within one year

8

212,364

291,827

NET CURRENT ASSETS

159,064

162,970

TOTAL ASSETS LESS CURRENT
LIABILITIES

296,424

338,143

CREDITORS

Amounts falling due after more than one
year

9

-

(5,834

)

PROVISIONS FOR LIABILITIES

12

(10,780

)

(14,090

)

NET ASSETS

285,644

318,219

CAPITAL AND RESERVES

Called up share capital

13

300

Retained earnings

285,344

317,919

SHAREHOLDERS' FUNDS

285,644

318,219

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 August 2026 and were signed on its behalf by:

Mr A Whitaker - Director

1.	STATUTORY INFORMATION

A.S.K. Rewinds 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.

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

Freehold property

-

4% on cost

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

33% on cost and 10% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 Statement of Income and Retained Earnings, 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.

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 13 (2024 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 December 2024

and 30 November 2025

1,000

AMORTISATION

At 1 December 2024

and 30 November 2025

1,000

NET BOOK VALUE

At 30 November 2025

-

At 30 November 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

COST

At 1 December 2024

668,149

69,276

30,918

76,699

845,042

Additions

-

330

1,480

-

1,810

Disposals

-

(8,895

)

(2,115

)

(11,010

)

At 30 November 2025

668,149

69,606

23,503

74,584

835,842

DEPRECIATION

At 1 December 2024

552,175

47,459

26,389

43,846

669,869

Charge for year

26,157

2,213

2,669

8,214

39,253

Eliminated on disposal

-

(8,530

)

(2,110

)

(10,640

)

At 30 November 2025

578,332

49,672

20,528

49,950

698,482

NET BOOK VALUE

At 30 November 2025

89,817

19,934

2,975

24,634

137,360

At 30 November 2024

115,974

21,817

4,529

32,853

175,173

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

Motor

vehicles

£

COST

At 1 December 2024

37,181

Transfer to ownership

(37,181

)

At 30 November 2025

-

DEPRECIATION

At 1 December 2024

17,574

Charge for year

4,085

Transfer to ownership

(21,659

)

At 30 November 2025

-

NET BOOK VALUE

At 30 November 2025

-

At 30 November 2024

19,607

6.

STOCKS

30.11.25

30.11.24

£

Work-in-progress

3,000

Stock

68,944

60,500

71,944

63,500

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

Trade debtors

182,713

232,607

Other debtors

1,526

1,011

Directors' current accounts

4,525

-

Tax

1,527

-

Prepayments

21,754

28,344

212,045

261,962

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.25

30.11.24

£

Bank loans and overdrafts

5,834

10,000

Hire purchase contracts (see note 10)

-

10,424

Trade creditors

108,832

157,955

Corporation tax

5,749

-

Social security and other taxes

13,192

15,812

VAT

38,780

37,240

Other creditors

6,872

Directors' current accounts

-

29,198

Accrued expenses

33,105

24,326

212,364

291,827

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

30.11.25

30.11.24

£

Bank loans - 1-2 years

-

5,834

10.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.11.25

30.11.24

£

Net obligations repayable:

Within one year

-

10,424

11.	SECURED DEBTS

The following secured debts are included within creditors:

30.11.25

30.11.24

£

Bank loans

5,834

15,834

Hire purchase contracts

-

10,424

5,834

26,258

Net obligations under finance lease and hire purchase contracts are secured by fixed charges on the assets concerned.

12.	PROVISIONS FOR LIABILITIES

30.11.25

30.11.24

£

Deferred tax

10,780

14,090

Deferred

tax

£

Balance at 1 December 2024

14,090

Credit to Statement of Income and Retained Earnings during year

(3,310

)

Balance at 30 November 2025

10,780

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.25

30.11.24

value:

£

100

Ordinary

£1

100

200

A Ordinary

£1

200

300

14.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2025 and 30 November 2024:

30.11.25

30.11.24

£

Mr A Whitaker

Balance outstanding at start of year

-

Amounts advanced

4,525

-

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

4,525

-

15.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A Whitaker.