Asis Solutions Limited - Accounts to registrar (filleted) - small 18.2

Asis Solutions Limited - Accounts to registrar (filleted) - small 18.2

ASIS SOLUTIONS LIMITED - Company Information

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REGISTERED NUMBER: 07054492 (England and Wales)















ASIS SOLUTIONS LIMITED

Unaudited Financial Statements for the Year Ended 31 October 2019





Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX








ASIS SOLUTIONS LIMITED (REGISTERED NUMBER: 07054492)






Contents of the Financial Statements
for the Year Ended 31 October 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ASIS SOLUTIONS LIMITED

Company Information
for the Year Ended 31 October 2019







DIRECTORS: K Lilley
Miss K B Parrott





REGISTERED OFFICE: University of Warwick
Enterprise Park
Warwick HRI
Wellesbourne
Warwickshire
CV35 9EF





REGISTERED NUMBER: 07054492 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX
Page 1
ASIS SOLUTIONS LIMITED (REGISTERED NUMBER: 07054492)

Balance Sheet
31 October 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,643 5,881

CURRENT ASSETS
Stocks 125 -
Debtors 5 71,336 88,834
Cash at bank and in hand 89,247 50,398
160,708 139,232
CREDITORS
Amounts falling due within one year 6 118,747 51,024
NET CURRENT ASSETS 41,961 88,208
TOTAL ASSETS LESS CURRENT
LIABILITIES
44,604
94,089

CAPITAL AND RESERVES
Called up share capital 740 740
Capital redemption reserve 190 190
Retained earnings 43,674 93,159
SHAREHOLDERS' FUNDS 44,604 94,089

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2019 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 15 April 2020 and were signed on its behalf by:





K Lilley - Director


The notes form part of these financial statements

Page 2
ASIS SOLUTIONS LIMITED (REGISTERED NUMBER: 07054492)

Notes to the Financial Statements
for the Year Ended 31 October 2019

1. STATUTORY INFORMATION

Asis Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 20% on cost

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

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 4 (2018 - 6 ) .

Page 3 continued...
ASIS SOLUTIONS LIMITED (REGISTERED NUMBER: 07054492)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2019

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 November 2018
and 31 October 2019 51,487 7,818 59,305
DEPRECIATION
At 1 November 2018 45,606 7,818 53,424
Charge for year 3,238 - 3,238
At 31 October 2019 48,844 7,818 56,662
NET BOOK VALUE
At 31 October 2019 2,643 - 2,643
At 31 October 2018 5,881 - 5,881

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 68,834 68,287
Other debtors - 17,507
Prepayments and accrued income 2,502 3,040
71,336 88,834

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 19,991 12,836
Social security and other taxes 21,305 18,359
Other creditors 127 80
Accruals and deferred income 77,324 19,749
118,747 51,024

7. OTHER FINANCIAL COMMITMENTS

Total financial commitments in respect of operating leases which are not included in the balance sheet amount to
£56,214 (2018 - £29,950).

Page 4