2022-03-01 2023-02-28 false Capium Accounts Production 1.1 10007868 bus:AbridgedAccounts 2022-03-01 2023-02-28 10007868 bus:FRS102 2022-03-01 2023-02-28 10007868 bus:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 10007868 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 10007868 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 10007868 2022-03-01 2023-02-28 10007868 2023-02-28 10007868 bus:RegisteredOffice 2022-03-01 2023-02-28 10007868 core:WithinOneYear 2023-02-28 10007868 core:AfterOneYear 2023-02-28 10007868 bus:Director1 2022-03-01 2023-02-28 10007868 bus:Director1 2023-02-28 10007868 bus:Director1 2021-03-01 2022-02-28 10007868 bus:Director2 2022-03-01 2023-02-28 10007868 bus:Director2 2023-02-28 10007868 bus:Director2 2021-03-01 2022-02-28 10007868 2021-03-01 10007868 bus:CompanySecretary1 2022-03-01 2023-02-28 10007868 bus:LeadAgentIfApplicable 2022-03-01 2023-02-28 10007868 2021-03-01 2022-02-28 10007868 2022-02-28 10007868 core:WithinOneYear 2022-02-28 10007868 core:AfterOneYear 2022-02-28 10007868 bus:EntityAccountantsOrAuditors 2021-03-01 2022-02-28 10007868 core:LandBuildings 2022-03-01 2023-02-28 10007868 core:LandBuildings 2023-02-28 10007868 core:LandBuildings 2022-02-28 10007868 core:MotorCars 2022-03-01 2023-02-28 10007868 core:MotorCars 2023-02-28 10007868 core:MotorCars 2022-02-28 10007868 core:FurnitureFittings 2022-03-01 2023-02-28 10007868 core:FurnitureFittings 2023-02-28 10007868 core:FurnitureFittings 2022-02-28 10007868 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-02-28 10007868 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-02-28 10007868 core:NetGoodwill 2022-03-01 2023-02-28 10007868 core:NetGoodwill 2023-02-28 10007868 core:NetGoodwill 2022-02-28 10007868 core:CostValuation core:Non-currentFinancialInstruments 2023-02-28 10007868 core:CostValuation core:Non-currentFinancialInstruments 2022-02-28 10007868 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-02-28 10007868 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-02-28 10007868 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-02-28 10007868 core:Non-currentFinancialInstruments 2023-02-28 10007868 core:Non-currentFinancialInstruments 2022-02-28 10007868 core:ShareCapital 2023-02-28 10007868 core:ShareCapital 2022-02-28 10007868 core:RetainedEarningsAccumulatedLosses 2023-02-28 10007868 core:RetainedEarningsAccumulatedLosses 2022-02-28 10007868 dpl:Item1 2022-03-01 10007868 dpl:Item1 2023-02-28 10007868 dpl:Item1 2021-03-01 10007868 dpl:Item1 2022-02-28 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 10007868
England and Wales

 

 

 

ACCUFINE LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 March 2022

End date: 28 February 2023
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 3 25,785    28,650 
Tangible fixed assets 4 687,144    593,841 
Investments 5 36,652    38,232 
749,581    660,723 
Current assets      
Debtors: amounts falling due within one year 22,757    13,925 
Investments 4,476    4,476 
Cash at bank and in hand 88,132    74,642 
115,365    93,043 
Creditors: amount falling due within one year (399,219)   (314,877)
Net current liabilities (283,854)   (221,834)
 
Total assets less current liabilities 465,727    438,889 
Creditors: amount falling due after more than one year (263,148)   (261,278)
Accruals and deferred income (22,000)   (22,000)
Net assets 180,579    155,611 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 180,479    155,511 
Shareholder's funds 180,579    155,611 
 


For the year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 26 November 2023 and were signed on its behalf by:


-------------------------------
Waqas Rasheed
Director
1
General Information
Accufine Limited is a private company, limited by shares, registered in England and Wales, registration number 10007868, registration address 6a, Highstreet, Hucknall, Nottinghamshire, NG15 7HD .

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
Current asset investments
Current asset investments are stated at the lower of cost and net realisable value.
2.

Average number of employees

Average number of employees during the year was 6 (2022 : 6).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 March 2022 28,650    28,650 
Additions  
Disposals  
At 28 February 2023 28,650    28,650 
Amortisation
At 01 March 2022  
Charge for year 2,865    2,865 
On disposals  
At 28 February 2023 2,865    2,865 
Net book values
At 28 February 2023 25,785    25,785 
At 28 February 2022 28,650    28,650 


4.

Tangible fixed assets

Cost or valuation Land and Buildings   Motor Vehicles   Fixtures and Fittings   Total
  £   £   £   £
At 01 March 2022 591,341    2,500      593,841 
Additions 69,991      23,312    93,303 
Disposals      
At 28 February 2023 661,332    2,500    23,312    687,144 
Depreciation
At 01 March 2022      
Charge for year      
On disposals      
At 28 February 2023      
Net book values
Closing balance as at 28 February 2023 661,332    2,500    23,312    687,144 
Opening balance as at 01 March 2022 591,341    2,500      593,841 


5.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 March 2022  
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 28 February 2023  

2