4 31/03/2023 2023-03-31 false false false false false false false false false false true false false true false false false false false false false No description of principal activities is disclosed 2022-02-21 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 13928047 2022-02-21 2023-03-31 13928047 2023-03-31 13928047 core:FurnitureFittingsToolsEquipment 2022-02-21 2023-03-31 13928047 bus:Director1 2022-02-21 2023-03-31 13928047 core:FurnitureFittingsToolsEquipment 2023-03-31 13928047 core:WithinOneYear 2023-03-31 13928047 core:ShareCapital 2023-03-31 13928047 core:RetainedEarningsAccumulatedLosses 2023-03-31 13928047 bus:SmallEntities 2022-02-21 2023-03-31 13928047 bus:AuditExempt-NoAccountantsReport 2022-02-21 2023-03-31 13928047 bus:FullAccounts 2022-02-21 2023-03-31 13928047 bus:SmallCompaniesRegimeForAccounts 2022-02-21 2023-03-31 13928047 bus:PrivateLimitedCompanyLtd 2022-02-21 2023-03-31
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.