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Registration number: 06127663

Acertus Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2022

 

Acertus Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Acertus Limited

Company Information

Director

Ms Linda Jane McCue

Registered office

First Floor
Bellamy House
Winton Road
Petersfield
Hampshire
GU32 3HA

Accountants

Howard Smith & Co Limited
Chartered Accountants
First Floor
Bellamy House
Winton Road
Petersfield
Hampshire
GU32 3HA

 

Acertus Limited

(Registration number: 06127663)
Balance Sheet as at 31 March 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

5

1,378

1,837

Current assets

 

Debtors

6

39,520

40,189

Creditors: Amounts falling due within one year

7

(47,046)

(19,624)

Net current (liabilities)/assets

 

(7,526)

20,565

Total assets less current liabilities

 

(6,148)

22,402

Provisions for liabilities

(262)

(192)

Net (liabilities)/assets

 

(6,410)

22,210

Capital and reserves

 

Called up share capital

5,050

5,050

Retained earnings

(11,460)

17,160

Shareholders' (deficit)/funds

 

(6,410)

22,210

For the financial year ending 31 March 2022 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 accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 13 September 2022
 

.........................................
Ms Linda Jane McCue
Director

 

Acertus Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
First Floor
Bellamy House
Winton Road
Petersfield
Hampshire
GU32 3HA

The principal place of business is:
5 Madeline Road
Petersfield
Hampshire
GU31 4AL

These financial statements were authorised for issue by the director on 13 September 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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 each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Acertus Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% on reducing balance

Computer equipment

25% on reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2021 - 1).

 

Acertus Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2021

34,000

34,000

At 31 March 2022

34,000

34,000

Amortisation

At 1 April 2021

34,000

34,000

At 31 March 2022

34,000

34,000

Carrying amount

At 31 March 2022

-

-

5

Tangible assets

Fixtures and fittings
£

Office equipment
£

Total
£

Cost or valuation

At 1 April 2021

3,632

10,494

14,126

At 31 March 2022

3,632

10,494

14,126

Depreciation

At 1 April 2021

3,484

8,805

12,289

Charge for the year

37

422

459

At 31 March 2022

3,521

9,227

12,748

Carrying amount

At 31 March 2022

111

1,267

1,378

At 31 March 2021

148

1,689

1,837

6

Debtors

2022
£

2021
£

Prepayments

-

1,105

Other debtors

39,520

39,084

39,520

40,189

 

Acertus Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

7

Creditors

Creditors: amounts falling due within one year

Note

2022
£

2021
£

Due within one year

 

Loans and borrowings

8

43,123

15,664

Taxation and social security

 

2,123

2,160

Accruals and deferred income

 

1,800

1,800

 

47,046

19,624

8

Loans and borrowings

2022
£

2021
£

Current loans and borrowings

Bank borrowings

23,142

-

Bank overdrafts

19,981

15,664

43,123

15,664