Company Registration No. 05215722 (England and Wales)
ASECOS LIMITED
Annual Report and Statutory Audited Accounts
for the year ended 31 December 2019
ASECOS LIMITED
Annual Report and Statutory Audited Accounts
Contents
ASECOS LIMITED
Company Information
for the year ended 31 December 2019
Directors
Sascha Kunkel
Michael Schrems
Secretary
Gunther Rossdeuscher
Company Number
05215722 (England and Wales)
Registered Office
16 EASTGATE BUSINESS CENTRE
EASTERN AVENUE
BURTON ON TRENT
STAFFORDSHIRE
DE13 0AT
ENGLAND
ASECOS LIMITED
Statement of financial position
as at
31 December 2019
Tangible assets
2,443
2,279
Inventories
174,062
71,171
Cash at bank and in hand
78,149
81,609
Creditors: amounts falling due within one year
(215,292)
(190,286)
Net current assets
493,786
330,659
Net assets
496,229
332,938
Called up share capital
60,000
60,000
Profit and loss account
436,229
272,938
Shareholders' funds
496,229
332,938
For the year ending 31 December 2019 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 15 April 2020 and were signed on its behalf by
Sascha Kunkel
Director
Company Registration No. 05215722
ASECOS LIMITED
Notes to the Accounts
for the year ended 31 December 2019
ASECOS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05215722. The registered office is 16 EASTGATE BUSINESS CENTRE, EASTERN AVENUE, BURTON ON TRENT, STAFFORDSHIRE, DE13 0AT, ENGLAND.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
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Tangible fixed assets
Computer equipment
Cost or valuation
At cost
At 31 December 2019
3,907
At 31 December 2019
1,464
At 31 December 2019
2,443
At 31 December 2018
2,279
Raw materials
174,062
71,171
ASECOS LIMITED
Notes to the Accounts
for the year ended 31 December 2019
Trade debtors
456,867
368,165
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Creditors: amounts falling due within one year
2019
2018
Trade creditors
106,077
112,154
Taxes and social security
78,462
57,027
Provisions for liabilities are made in accordance with GAAP and FRS Guidelines
Parent Company: Asecos GmbH
Asecos GmbH is registered in Germany at Weiherfeldsiedlung 16-18, DE-63584, Grundau, Germany
Ultimate Parent Company: Dennig Capital Partner GmbH
Denig Capital Partner GmbH prepares group financial statements, copies of which can be obtained from Dennig GmbH, Dehmer Strabe 58-66, D-32549 Bad Oeynhausen, Germany
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Average number of employees
During the year the average number of employees was 2 (2018: 2).