Registered number
05933865
Angsana Business Consulting Ltd
Filleted Accounts
For the year ended 30 September 2022
Angsana Business Consulting Ltd
Registered number: 05933865
Balance Sheet
as at 30 September 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 11,370 16,216
Current assets
Debtors 4 217,552 102,850
Cash at bank and in hand 527,491 897,432
745,043 1,000,282
Creditors: amounts falling due within one year 5 (224,568) (230,323)
Net current assets 520,475 769,959
Total assets less current liabilities 531,845 786,175
Provisions for liabilities (1,062) (1,158)
Net assets 530,783 785,017
Capital and reserves
Called up share capital 100 100
Profit and loss account 530,683 784,917
Shareholder's funds 530,783 785,017
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 14 July 2023
Teck Fah Yong
Director
Angsana Business Consulting Ltd
Notes to the Accounts
for the year ended 30 September 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration receivable, net of value added tax. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold buildings 10% per annum on cost
Fixtures, fittings and equipment 33% per annum on cost
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
Pensions
Contributions to staff pension plans are expensed in the period to which they relate.
2 Employees 2022 2021
Number Number
Average number of employee during year, including directors 27 24
3 Tangible fixed assets
Leasehold buildings Fixtures fittings and equipment Total
£ £ £
Cost
At 1 October 2021 43,380 86,691 130,071
Additions - 3,887 3,887
Disposals - (8,872) (8,872)
At 30 September 2022 43,380 81,706 125,086
Depreciation
At 1 October 2021 33,258 80,597 113,855
Charge for the year 4,338 4,395 8,733
On disposals - (8,872) (8,872)
At 30 September 2022 37,596 76,120 113,716
Net book value
At 30 September 2022 5,784 5,586 11,370
At 30 September 2021 10,122 6,094 16,216
4 Debtors 2022 2021
£ £
Trade debtors 200,040 85,338
Prepayments and accrued income 8,750 8,750
Other debtors 8,762 8,762
217,552 102,850
5 Creditors: amounts falling due within one year 2022 2021
£ £
Taxes and social security costs 158,125 183,412
Accruals and deferred income 47,247 38,407
Other creditors 19,196 8,504
224,568 230,323
6 Controlling party
The company is controlled by Teck Fah Yong.
7 Other information
Angsana Business Consulting Ltd is a private company limited by shares and incorporated in England. Its registered office is 26 West Street, London, WC2H 9NA.
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