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COMPANY REGISTRATION NUMBER: 08603177
R. J. Ayre Associates Limited
Filleted Unaudited Financial Statements
31 July 2023
R. J. Ayre Associates Limited
Financial Statements
Year ended 31 July 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
R. J. Ayre Associates Limited
Statement of Financial Position
31 July 2023
2023
2022
Note
£
£
£
£
Fixed assets
Tangible assets
5
314
467
Current assets
Debtors
6
2,236
1,995
Cash at bank and in hand
12,596
12,585
--------
--------
14,832
14,580
Creditors: amounts falling due within one year
7
3,075
2,685
--------
--------
Net current assets
11,757
11,895
--------
--------
Total assets less current liabilities
12,071
12,362
--------
--------
Net assets
12,071
12,362
--------
--------
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
11,971
12,262
--------
--------
Shareholders funds
12,071
12,362
--------
--------
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 statement of income and retained earnings has not been delivered.
For the year ending 31 July 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 year 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 .
R. J. Ayre Associates Limited
Statement of Financial Position (continued)
31 July 2023
These financial statements were approved by the board of directors and authorised for issue on 29 October 2023 , and are signed on behalf of the board by:
R J Ayre
Director
Company registration number: 08603177
R. J. Ayre Associates Limited
Notes to the Financial Statements
Year ended 31 July 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 21 Roughtons, Galleywood, Chelmsford, Essex, CM2 8PE.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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
The turnover shown in the profit and loss account represents amounts invoiced during the year.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
All tangible assets are initially recorded at cost.
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:
Fixtures and Fittings
-
20% straight line
Office Equipment
-
20% straight line
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
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. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 August 2022 and 31 July 2023
1,630
2,375
4,005
-------
-------
-------
Depreciation
At 1 August 2022
1,630
1,908
3,538
Charge for the year
153
153
-------
-------
-------
At 31 July 2023
1,630
2,061
3,691
-------
-------
-------
Carrying amount
At 31 July 2023
314
314
-------
-------
-------
At 31 July 2022
467
467
-------
-------
-------
6. Debtors
2023
2022
£
£
Trade debtors
2,236
1,995
-------
-------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Accruals and deferred income
1,254
1,224
Corporation tax
1,027
1,135
Director loan accounts
794
326
-------
-------
3,075
2,685
-------
-------
8. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
9. Related party transactions
At the year end the company owed the director £794 (2022: £326) in the form of a loan account. This loan, which is shown amongst creditors, is interest free and repayable on demand.