ASB (SERVICES) LIMITED Filleted accounts for Companies House (small and micro)

ASB (SERVICES) LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 8805588

ASB (SERVICES) LIMITED

Filleted Unaudited Financial Statements

31 December 2017

ASB (SERVICES) LIMITED

Statement of Financial Position

31 December 2017

	2017	2016
Note	£	£

Fixed assets

Tangible assets	4	457,505	457,505

Current assets

Cash at bank and in hand	2,601	2,601

Creditors: amounts falling due within one year	5	509,447	509,447
		---------	---------
Net current liabilities		506,846	506,846
		---------	---------
Total assets less current liabilities		( 49,341)	( 49,341)
		---------	---------
Net liabilities		( 49,341)	( 49,341)
		---------	---------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 49,342)	( 49,342)
	---------	---------
Shareholders deficit	( 49,341)	( 49,341)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 19 June 2019 , and are signed on behalf of the board by:

Mr J Basra
Director

Company registration number: 8805588

ASB (SERVICES) LIMITED

Notes to the Financial Statements

Year ended 31 December 2017

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 29 Waterloo Road, Wolverhampton, WV1 4DJ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

4. Tangible assets

	Freehold property
	£
Cost
At 1 January 2017 and 31 December 2017	457,505
	---------
Depreciation
At 1 January 2017 and 31 December 2017	–
	---------
Carrying amount
At 31 December 2017	457,505
	---------
At 31 December 2016	457,505
	---------

5. Creditors: amounts falling due within one year

	2017	2016
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	508,947	508,947
Other creditors	500	500
	---------	---------
	509,447	509,447
	---------	---------