REGISTERED NUMBER: 05113667 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Aask Us Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A R Chadley

REGISTERED OFFICE:

1a Launton Business Centre

Murdock Road

Bicester

Oxfordshire

OX26 4PP

REGISTERED NUMBER:

05113667 (England and Wales)

ACCOUNTANTS:

Handleys Chartered Accountants

10 Manor Park

Banbury

Oxfordshire

OX16 3TB

FIXED ASSETS

Tangible assets

4

268,641

68,915

CURRENT ASSETS

Stocks

170,943

225,004

Debtors

5

410,582

382,058

Cash at bank

93,024

121,698

674,549

728,760

CREDITORS

Amounts falling due within one year

6

284,156

291,153

NET CURRENT ASSETS

390,393

437,607

TOTAL ASSETS LESS CURRENT LIABILITIES

659,034

506,522

CREDITORS

Amounts falling due after more than one year

7

(116,500

)

(116,500

)

PROVISIONS FOR LIABILITIES

(42,668

)

(9,905

)

NET ASSETS

499,866

380,117

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

499,864

380,115

SHAREHOLDERS' FUNDS

499,866

380,117

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 26 October 2017 and were signed by:

A R Chadley - Director

1.	STATUTORY INFORMATION

Aask Us 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

The company recognises revenue when the amount of revenue can be reliably measured; it

is probable that future economic benefits will flow to the entity; and specific criteria have

been met for the company's activities.

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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred

tax is measured using tax rates and laws that have been enacted or substantively enacted

by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it

is probable that they will be recovered against the reversal of deferred tax liabilities or other

future taxable profits.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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 16 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2016

153,745

2,823

40,985

197,553

Additions

227,447

-

36,904

264,351

Disposals

(8,000

)

-

(37,235

)

(45,235

)

At 31 March 2017

373,192

2,823

40,654

416,669

DEPRECIATION

At 1 April 2016

94,038

1,149

33,451

128,638

Charge for year

47,398

251

4,645

52,294

Eliminated on disposal

-

-

(32,904

)

(32,904

)

At 31 March 2017

141,436

1,400

5,192

148,028

NET BOOK VALUE

At 31 March 2017

231,756

1,423

35,462

268,641

At 31 March 2016

59,707

1,674

7,534

68,915

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade debtors

380,588

375,795

Other debtors

29,994

6,263

410,582

382,058

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Bank loans and overdrafts (see note 8)

41,913

-

Trade creditors

216,389

224,314

Taxation and social security

20,354

61,339

Other creditors

5,500

5,500

284,156

291,153

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Other creditors

116,500

116,500

8.

LOANS

An analysis of the maturity of loans is given below:

31.3.17

31.3.16

£

£

Amounts falling due within one year or on demand:

Bank loans

41,913

-

The bank loan has been secured against the company's Gema Machine.

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.17

31.3.16

£

£

Within one year

67,600

62,600

Between one and five years

135,200

202,800

202,800

265,400

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by its director, A Chadley, and is a wholly owned subsidiary of

AASK US Holdings Limited.

11.	TRANSITION TO FRS 102

This is the first year that the company has presented its financial statements under Financial

Reporting Standard 102, the financial reporting standard in the UK and Republic of Ireland.

The date of transition was 1st April 2016, and there were minimal changes to the company's

accounting policies.

There is no difference between the financial position of financial performance as a result of

the transition.