Company registration number 13298406 (England and Wales)
North Agency and Consultancy Services Ltd
Unaudited
Financial Statements
for the year ended 31 March 2022
PAGES FOR FILING WITH REGISTRAR
North Agency and Consultancy Services Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
North Agency and Consultancy Services Ltd
Statement of financial position
as at 31 March 2022
- 1 -
2022
Notes
£
£
Fixed assets
Tangible assets
3
2,193
Current assets
Debtors
567
Cash at bank and in hand
27,690
28,257
Creditors: amounts falling due within one year
4
(10,107)
Net current assets
18,150
Total assets less current liabilities
20,343
Provisions for liabilities
(417)
Net assets
19,926
Capital and reserves
Called up share capital
100
Profit and loss reserves
19,826
Total equity
19,926
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 7 September 2022
B Hancock
Director
Company Registration No. 13298406
North Agency and Consultancy Services Ltd
Notes to the Financial Statements
for the year ended 31 March 2022
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
33% 3 years straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
North Agency and Consultancy Services Ltd
Notes to the Financial Statements (continued)
for the year ended 31 March 2022
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2022
Number
Total
1
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 29 March 2021
Additions
3,289
At 31 March 2022
3,289
Depreciation and impairment
At 29 March 2021
Depreciation charged in the year
1,096
At 31 March 2022
1,096
Carrying amount
At 31 March 2022
2,193
4
Creditors: amounts falling due within one year
2022
£
Taxation and social security
6,508
Other creditors
3,599
10,107
5
Company information
North Agency and Consultancy Services Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Metic House, Ripley Drive, Normanton, West Yorkshire, United Kingdom, WF6 1QT.