Company registration number:
13928047
AUTO-ASSESS COMPLIANCE LTD
Unaudited filleted financial statements
31 March 2023
AUTO-ASSESS COMPLIANCE LTD
Contents
Statement of financial position
Notes to the financial statements
AUTO-ASSESS COMPLIANCE LTD
Statement of financial position
31 March 2023
|
|
|
31/03/23 |
|
|
|
|
|
|
|
|
Note |
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Tangible assets |
|
5 |
1,892 |
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
|
1,892 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Debtors |
|
6 |
197,491 |
|
|
|
|
|
|
Cash at bank and in hand |
|
|
9,994 |
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
207,485 |
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
7 |
(
202,789) |
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
Net current assets |
|
|
|
|
4,696 |
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
Total assets less current liabilities |
|
|
|
|
6,588 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities |
|
|
|
|
(
359) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
Net assets |
|
|
|
|
6,229 |
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
2 |
|
|
|
|
Profit and loss account |
|
|
|
|
6,227 |
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
Shareholders funds |
|
|
|
|
6,229 |
|
|
|
|
|
|
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
30 October 2023
, and are signed on behalf of the board by:
Mr B P McMahon
Director
Company registration number:
13928047
AUTO-ASSESS COMPLIANCE LTD
Notes to the financial statements
Period ended 31 March 2023
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is Minerva Mill Innovation Centre, Station Road, Alcester, Warwickshire, B49 5ET.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Fittings fixtures and equipment |
- |
25 % |
straight line |
|
|
|
|
|
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
4
5.
Tangible assets
|
|
Fixtures, fittings and equipment |
Total |
|
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 21 February 2022 |
- |
- |
|
|
|
|
|
|
Additions |
1,991 |
1,991 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
At 31 March 2023 |
1,991 |
1,991 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 21 February 2022 |
- |
- |
|
|
|
|
|
|
Charge for the year |
99 |
99 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
At 31 March 2023 |
99 |
99 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 March 2023 |
1,892 |
1,892 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6.
Debtors
|
|
|
31/03/23 |
|
|
|
|
£ |
|
|
Trade debtors |
|
167,187 |
|
|
Other debtors |
|
30,304 |
|
|
|
|
_______ |
|
|
|
|
197,491 |
|
|
|
|
_______ |
|
|
|
|
|
|
7.
Creditors: amounts falling due within one year
|
|
|
31/03/23 |
|
|
|
|
£ |
|
|
Trade creditors |
|
51,793 |
|
|
Corporation tax |
|
55,007 |
|
|
Social security and other taxes |
|
86,154 |
|
|
Other creditors |
|
9,835 |
|
|
|
|
_______ |
|
|
|
|
202,789 |
|
|
|
|
_______ |
|
|
|
|
|
|
8.
Directors advances, credits and guarantees
As at 31 March 2023 the company was owed a total of £30,304 by its directors,
Mr B P McMahon
and Miss K T Donnelly. Interest of 5% per annum was payable on this loan.
9.
Controlling party
The company is controlled by its directors, Mr B P McMahon and Miss K T Donnelly, by virtue of their shareholdings.