Company Registration No. 09391670 (England and Wales)
Assentech Rapid Response And Service Ltd
Unaudited accounts
for the year ended 31 December 2023
Assentech Rapid Response And Service Ltd
Unaudited accounts
Contents
Assentech Rapid Response And Service Ltd
Company Information
for the year ended 31 December 2023
Directors
Deborah Cox
Ewart Cox
Company Number
09391670 (England and Wales)
Registered Office
Mount Pleasant Farm
Gorran
St. Austell
Cornwall
PL26 6LR
England
Accountants
Wessex Commercial Solutions Limited
Yeovil Innovation Centre
Barracks Close
Yeovil
BA22 8RN
Assentech Rapid Response And Service Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
17,726
13,455
Cash at bank and in hand
50,336
162,090
Creditors: amounts falling due within one year
(162,050)
(102,906)
Net current assets
400,297
374,323
Total assets less current liabilities
418,023
387,778
Creditors: amounts falling due after more than one year
(27,721)
(64,459)
Provisions for liabilities
Deferred tax
(4,324)
(2,960)
Net assets
385,978
320,359
Called up share capital
1
1
Profit and loss account
385,977
320,358
Shareholders' funds
385,978
320,359
For the year ending 31 December 2023 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 20 March 2024 and were signed on its behalf by
Deborah Cox
Director
Company Registration No. 09391670
Assentech Rapid Response And Service Ltd
Notes to the Accounts
for the year ended 31 December 2023
Assentech Rapid Response And Service Ltd is a private company, limited by shares, registered in England and Wales, registration number 09391670. The registered office is Mount Pleasant Farm, Gorran, St. Austell, Cornwall, PL26 6LR, England.
2
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:
Land & buildings
10% Straight line
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
33% reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Expenditure on research and development is written off in the year in which it is incurred.
Assentech Rapid Response And Service Ltd
Notes to the Accounts
for the year ended 31 December 2023
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2023
1,427
24,193
16,195
4,526
46,341
Additions
-
6,439
-
1,306
7,745
At 31 December 2023
1,427
30,632
16,195
5,832
54,086
At 1 January 2023
856
15,883
12,843
3,304
32,886
Charge for the year
143
1,840
838
653
3,474
At 31 December 2023
999
17,723
13,681
3,957
36,360
At 31 December 2023
428
12,909
2,514
1,875
17,726
At 31 December 2022
571
8,310
3,352
1,222
13,455
Amounts falling due within one year
Trade debtors
15,140
26,704
Amounts due from group undertakings etc.
493,263
201,406
Accrued income and prepayments
2,067
414
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
42,368
47,997
Trade creditors
100,019
40,053
Taxes and social security
17,113
11,500
Assentech Rapid Response And Service Ltd
Notes to the Accounts
for the year ended 31 December 2023
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 0 (2022: 3).