REGISTERED NUMBER: 03876828 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

ASSIGNS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N J Cole

D P Chard

SECRETARY:

N J Cole

REGISTERED OFFICE:

Unit 21Jubilee Trade Centre

Jubilee Road

Letchworth

Hertfordshire

SG6 1SP

REGISTERED NUMBER:

03876828 (England and Wales)

ACCOUNTANTS:

Barker Wilkinson Limited

19-21 Middle Row

Stevenage

Hertfordshire

SG1 3AW

FIXED ASSETS

Tangible assets

4

81,508

61,359

CURRENT ASSETS

Stocks

171,074

153,023

Debtors

5

207,253

331,112

Cash at bank and in hand

298,948

188,586

677,275

672,721

CREDITORS

Amounts falling due within one year

6

317,987

330,064

NET CURRENT ASSETS

359,288

342,657

TOTAL ASSETS LESS CURRENT LIABILITIES

440,796

404,016

CREDITORS

Amounts falling due after more than one year

7

(15,663

)

(5,285

)

PROVISIONS FOR LIABILITIES

(11,646

)

(6,400

)

NET ASSETS

413,487

392,331

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

413,485

392,329

SHAREHOLDERS' FUNDS

413,487

392,331

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 16 September 2026 and were signed on its behalf by:

D P Chard - Director

N J Cole - Director

1.	STATUTORY INFORMATION

Assigns Limited 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.

The directors have assessed various factors and risks affecting the company and its ability in these difficult economic times to continue to trade as a going concern. The directors have not identified any material uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets and liabilities as at the balance sheet date.

Therefore the financial statements for the year ended 31st December 2025 have been prepared using the going concern basis of accounting.

Significant judgements and estimates

In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from those estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

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.

Improvements to property

-

2% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

33% on cost

Motor vehicles

-

33% on cost

Computer equipment

-

33% on cost

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.

Financial instruments

All basic financial instruments including trade and other debtors, cash and cash equivalents, trade and other creditors, are initially recognised at transaction price and thereafter stated at amortised cost if materially different.

Taxation

Taxation for the year comprises current 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 8 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2025

50,749

48,317

12,607

Additions

-

-

-

Disposals

-

-

-

At 31 December 2025

50,749

48,317

12,607

DEPRECIATION

At 1 January 2025

11,971

26,270

12,607

Charge for year

1,020

6,314

-

Eliminated on disposal

-

-

-

At 31 December 2025

12,991

32,584

12,607

NET BOOK VALUE

At 31 December 2025

37,758

15,733

-

At 31 December 2024

38,778

22,047

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2025

10,082

30,874

152,629

Additions

21,895

8,713

30,608

Disposals

(10,082

)

-

(10,082

)

At 31 December 2025

21,895

39,587

173,155

DEPRECIATION

At 1 January 2025

10,082

30,340

91,270

Charge for year

1,216

1,909

10,459

Eliminated on disposal

(10,082

)

-

(10,082

)

At 31 December 2025

1,216

32,249

91,647

NET BOOK VALUE

At 31 December 2025

20,679

7,338

81,508

At 31 December 2024

-

534

61,359

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

156,342

260,881

Other debtors

22,189

45,204

Prepayments

28,722

25,027

207,253

331,112

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,286

10,376

Hire purchase contracts

3,504

-

Trade creditors

154,603

144,819

Amounts owed to group undertakings

75,433

75,565

Tax

10,750

15,099

Social security and other taxes

7,394

6,395

VAT

9,275

39,628

Other creditors

1,195

1,189

Accrued expenses

50,547

36,993

317,987

330,064

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

5,285

Hire purchase contracts

15,663

-

15,663

5,285

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

5,286

15,661

During June 2020 the company took out a Government-backed Bounce Back Loan, which was available as part of the Government's COVID-19 business support initiatives. The loan is repayable in instalments over six years at a rate of 2.5% interest, with the first 12 months' interest being met by the Government, which also acts as guarantor.

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

N Cole is a director of this company, Benchmark Fabrications Limited (BF) and Assigns Associates Limited (AA).

During the year, the company made sales net of VAT of £85,147 (2024: £116,611) to and purchased goods/services of £2.696.42 (2024: £1,296) from BF. At the balance sheet date there was a trading balance due by BF of £48.752 (2024: £85,990),whilst there was a trading balance due to BF of £11,451 (2024: £8,215).

AA charged the company for arrears of rent totalling £8,033 (2024: £40,163) and related dilapidation costs of £30,000 (2024: £nil) meaning that at the balance sheet date there was a loan outstanding due to the company by AA of £7,171 (2024: £45,204).

10.	IMMEDIATE PARENT UNDERTAKING

The company's immediate parent company is Assigns Holdings Limited, a company registered in England and Wales, which does not prepare group accounts and whose registered address and place of business is Unit 21 Jubilee Trading Centre, Jubilee Road, Letchworth, Hertfordshire, SG6 1SP.