Bright AccountsProduction v1.0.0 v1.0.0 2022-05-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is that of providing accountancy services. 28 November 2023 0 0 03766475 2023-04-30 03766475 2022-04-30 03766475 2021-04-30 03766475 2022-05-01 2023-04-30 03766475 2021-05-01 2022-04-30 03766475 uk-bus:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 03766475 uk-curr:PoundSterling 2022-05-01 2023-04-30 03766475 uk-bus:SmallCompaniesRegimeForAccounts 2022-05-01 2023-04-30 03766475 uk-bus:FullAccounts 2022-05-01 2023-04-30 03766475 uk-core:ShareCapital 2023-04-30 03766475 uk-core:ShareCapital 2022-04-30 03766475 uk-core:OtherReservesSubtotal 2023-04-30 03766475 uk-core:OtherReservesSubtotal 2022-04-30 03766475 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 03766475 uk-core:RetainedEarningsAccumulatedLosses 2022-04-30 03766475 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-04-30 03766475 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-04-30 03766475 uk-bus:FRS102 2022-05-01 2023-04-30 03766475 uk-core:Goodwill 2022-05-01 2023-04-30 03766475 uk-core:FurnitureFittingsToolsEquipment 2022-05-01 2023-04-30 03766475 uk-core:OtherPropertyPlantEquipment 2022-05-01 2023-04-30 03766475 uk-core:Goodwill 2022-04-30 03766475 uk-core:Goodwill 2023-04-30 03766475 uk-core:CurrentFinancialInstruments 2023-04-30 03766475 uk-core:CurrentFinancialInstruments 2022-04-30 03766475 uk-core:WithinOneYear 2023-04-30 03766475 uk-core:WithinOneYear 2022-04-30 03766475 uk-core:WithinOneYear 2023-04-30 03766475 uk-core:WithinOneYear 2022-04-30 03766475 uk-core:AfterOneYear 2023-04-30 03766475 uk-core:AfterOneYear 2022-04-30 03766475 uk-core:BetweenOneTwoYears 2023-04-30 03766475 uk-core:BetweenOneTwoYears 2022-04-30 03766475 uk-core:BetweenTwoFiveYears 2023-04-30 03766475 uk-core:BetweenTwoFiveYears 2022-04-30 03766475 uk-core:OtherMiscellaneousReserve 2022-04-30 03766475 uk-core:OtherMiscellaneousReserve 2022-05-01 2023-04-30 03766475 uk-core:AcceleratedTaxDepreciationDeferredTax 2023-04-30 03766475 uk-core:TaxLossesCarry-forwardsDeferredTax 2023-04-30 03766475 uk-core:OtherDeferredTax 2023-04-30 03766475 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2023-04-30 03766475 uk-core:OtherMiscellaneousReserve 2023-04-30 03766475 2022-05-01 2023-04-30 03766475 uk-bus:CompanySecretaryDirector1 2022-05-01 2023-04-30 03766475 uk-bus:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
Company Registration Number: 03766475
 
 
Anglian Accountancy Services Limited
 
Unaudited Financial Statements
 
for the financial year ended 30 April 2023
Anglian Accountancy Services Limited
Company Registration Number: 03766475
BALANCE SHEET
as at 30 April 2023

2023 2022
Notes £ £
 
Fixed Assets
Intangible assets 5 33,000 44,000
Tangible assets 6 8,873 9,984
───────── ─────────
41,873 53,984
───────── ─────────
 
Current Assets
Debtors 7 154,290 130,444
Cash and cash equivalents 99,163 168,245
───────── ─────────
253,453 298,689
───────── ─────────
Creditors: amounts falling due within one year 8 (74,376) (99,991)
───────── ─────────
Net Current Assets 179,077 198,698
───────── ─────────
Total Assets less Current Liabilities 220,950 252,682
 
Creditors:
amounts falling due after more than one year 9 (14,583) (19,583)
 
Provisions for liabilities 11 (1,685) (978)
───────── ─────────
Net Assets 204,682 232,121
═════════ ═════════
 
Capital and Reserves
Called up share capital 960 960
Other reserves 1,040 1,040
Retained earnings 202,682 230,121
───────── ─────────
Shareholders' Funds 204,682 232,121
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 28 November 2023
           
           
           
________________________________          
S Dimblebee          
Director          
           



Anglian Accountancy Services Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 April 2023

   
1. General Information
 
Anglian Accountancy Services Limited is a company limited by shares incorporated in the United Kingdom
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 April 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover represents the total invoice value, excluding value added tax, of work done during the year.
 
Intangible assets
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 10 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 15% Reducing balance
  Computer Equipment - 20% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Leasing
Rentals payable under operating leases are dealt with in the Profit and Loss Account as incurred over the period of the rental agreement.
 
Work in progress
Work in progress is reflected in the accounts at the expected revenue due for work carried out during the period that has not yet been invoiced.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Pensions
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. Annual contributions payable to the company's pension scheme are charged to the Profit and Loss Account in the period to which they relate.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 8, (2022 - 9).
       
4. Dividends 2023 2022
  £ £
Dividends on equity shares:
 
Ordinary Shares - Interim paid 66,000 66,000
  ═════════ ═════════
     
5. Intangible assets
   
  Goodwill
  £
Cost
At 1 May 2022 312,279
  ─────────
 
At 30 April 2023 312,279
  ─────────
Amortisation
At 1 May 2022 268,279
Charge for financial year 11,000
  ─────────
At 30 April 2023 279,279
  ─────────
Net book value
At 30 April 2023 33,000
  ═════════
At 30 April 2022 44,000
  ═════════
         
6. Tangible assets
  Fixtures, Computer Total
  fittings and Equipment  
  equipment    
  £ £ £
Cost
At 1 May 2022 20,254 12,722 32,976
Additions 736 496 1,232
  ───────── ───────── ─────────
At 30 April 2023 20,990 13,218 34,208
  ───────── ───────── ─────────
Depreciation
At 1 May 2022 15,419 7,573 22,992
Charge for the financial year 818 1,525 2,343
  ───────── ───────── ─────────
At 30 April 2023 16,237 9,098 25,335
  ───────── ───────── ─────────
Net book value
At 30 April 2023 4,753 4,120 8,873
  ═════════ ═════════ ═════════
At 30 April 2022 4,835 5,149 9,984
  ═════════ ═════════ ═════════
       
7. Debtors 2023 2022
  £ £
 
Trade debtors 32,643 36,615
Amounts recoverable on contracts not yet billed 114,513 82,758
Prepayments and accrued income 7,134 11,071
  ───────── ─────────
  154,290 130,444
  ═════════ ═════════
       
8. Creditors 2023 2022
Amounts falling due within one year £ £
 
Bank loan 5,000 5,000
Trade creditors 6,427 14,386
Taxation  (Note 10) 42,350 52,434
Director's current account 14,974 22,750
Accruals 5,625 5,421
  ───────── ─────────
  74,376 99,991
  ═════════ ═════════
       
9. Creditors 2023 2022
Amounts falling due after more than one year £ £
 
Bank loan 14,583 19,583
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 8) 5,000 5,000
Repayable between one and two years 5,000 5,000
Repayable between two and five years 9,583 14,583
  ───────── ─────────
  19,583 24,583
  ═════════ ═════════
 
 
The bank loan is a Bounce Back Loan with a government-backed guarantee.
       
10. Taxation 2023 2022
  £ £
 
Creditors:
VAT 28,009 34,641
Corporation tax 12,065 17,289
PAYE / NI 2,276 504
  ───────── ─────────
  42,350 52,434
  ═════════ ═════════
         
11. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    2023 2022
  £ £ £
 
At financial year start 978 978 989
Charged to profit and loss 707 707 -
Released during the financial year - - (11)
  ───────── ───────── ─────────
At financial year end 1,685 1,685 978
  ═════════ ═════════ ═════════
   
12. Pension costs - defined contribution
 
The company operates a defined contribution pension scheme.  The assets of the scheme are held separately from those of the company in an independently administered fund.  Pension costs amounted to £22,693 (2022 - £22,958)
   
13. Director's advances, credits and guarantees
 
During the financial year, the company made a loan to the director. The loan was repaid during the year and interest at the rate of 2.5% per annum was charged on the average monthly balance.
   
14. Controlling interest
 
The company is under the control of the director.