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REGISTERED NUMBER: 12286128 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Accsys Accountants (Medway) Limited

Accsys Accountants (Medway) Limited (Registered number: 12286128)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Accsys Accountants (Medway) Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr W Wood





REGISTERED OFFICE: F39 Innovation Centre Medway
Maidstone
Kent
ME5 9FD





REGISTERED NUMBER: 12286128 (England and Wales)





ACCOUNTANTS: Accsys Accountants Limited
Chartered Accountants
Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

Accsys Accountants (Medway) Limited (Registered number: 12286128)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 181,328 205,736
Tangible assets 5 1,520 2,452
182,848 208,188

CURRENT ASSETS
Debtors 6 41,450 25,994
Cash at bank 29,018 30,600
70,468 56,594
CREDITORS
Amounts falling due within one year 7 76,578 179,093
NET CURRENT LIABILITIES (6,110 ) (122,499 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

176,738

85,689

CREDITORS
Amounts falling due after more than one year 8 110,335 36,647
NET ASSETS 66,403 49,042

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 66,303 48,942
SHAREHOLDERS' FUNDS 66,403 49,042

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Accsys Accountants (Medway) Limited (Registered number: 12286128)

Balance Sheet - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 November 2023 and were signed by:





Mr W Wood - Director


Accsys Accountants (Medway) Limited (Registered number: 12286128)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Accsys Accountants (Medway) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2022
and 31 March 2023 244,074
AMORTISATION
At 1 April 2022 38,338
Charge for year 24,408
At 31 March 2023 62,746
NET BOOK VALUE
At 31 March 2023 181,328
At 31 March 2022 205,736

Accsys Accountants (Medway) Limited (Registered number: 12286128)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 April 2022 4,359 - 4,359
Additions - 1,057 1,057
Disposals (2,769 ) - (2,769 )
At 31 March 2023 1,590 1,057 2,647
DEPRECIATION
At 1 April 2022 1,907 - 1,907
Charge for year 223 208 431
Eliminated on disposal (1,211 ) - (1,211 )
At 31 March 2023 919 208 1,127
NET BOOK VALUE
At 31 March 2023 671 849 1,520
At 31 March 2022 2,452 - 2,452

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 33,250 25,108
Other debtors 8,200 886
41,450 25,994

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 27,583 116,577
Trade creditors 9,558 1,450
Taxation and social security 28,496 28,987
Other creditors 10,941 32,079
76,578 179,093

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 110,335 36,647