ABINGDON ACCOUNTANCY CENTRE LTD
Registered number: 04391764
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,959 2,349
Current assets
Debtors 4 1,298 1,208
Cash at bank and in hand 6,853 11,579
8,151 12,787
Creditors: amounts falling due within one year 5 (7,368) (7,694)
Net current assets 783 5,093
Net assets 3,742 7,442
Capital and reserves
Called up share capital 1 1
Profit and loss account 3,741 7,441
Shareholder's funds 3,742 7,442
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs M P Chick
Director
Approved by the board on 6 April 2024
ABINGDON ACCOUNTANCY CENTRE LTD
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 33.3% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Computer equipment Total
£ £ £
Cost
At 1 April 2023 3,698 16,255 19,953
Additions - 1,795 1,795
At 31 March 2024 3,698 18,050 21,748
Depreciation
At 1 April 2023 3,155 14,449 17,604
Charge for the year 136 1,049 1,185
At 31 March 2024 3,291 15,498 18,789
Net book value
At 31 March 2024 407 2,552 2,959
At 31 March 2023 543 1,806 2,349
4 Debtors 2024 2023
£ £
Trade debtors 120 120
Director's Loan Account 242 -
Other debtors 936 1,088
1,298 1,208
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 3,715 3,500
Director's Loan account - 41
Other creditors 3,653 4,153
7,368 7,694
6 Other information
ABINGDON ACCOUNTANCY CENTRE LTD is a private company limited by shares and incorporated in England. Its registered office is:
53 Kennington Road
OXFORD
OX1 5PB
ABINGDON ACCOUNTANCY CENTRE LTD 04391764 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 Mrs M P Chick No description of principal activity 04391764 2022-04-01 2023-03-31 04391764 core:WithinOneYear 2023-03-31 04391764 core:ShareCapital 2023-03-31 04391764 core:RetainedEarningsAccumulatedLosses 2023-03-31 04391764 2023-04-01 2024-03-31 04391764 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04391764 bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04391764 bus:Director40 2023-04-01 2024-03-31 04391764 1 2023-04-01 2024-03-31 04391764 2 2023-04-01 2024-03-31 04391764 core:PlantMachinery 2023-04-01 2024-03-31 04391764 core:Vehicles 2023-04-01 2024-03-31 04391764 countries:England 2023-04-01 2024-03-31 04391764 bus:FRS102 2023-04-01 2024-03-31 04391764 bus:FilletedAccounts 2023-04-01 2024-03-31 04391764 2024-03-31 04391764 core:WithinOneYear 2024-03-31 04391764 core:ShareCapital 2024-03-31 04391764 core:RetainedEarningsAccumulatedLosses 2024-03-31 04391764 core:PlantMachinery 2024-03-31 04391764 core:Vehicles 2024-03-31 04391764 2023-03-31 04391764 core:PlantMachinery 2023-03-31 04391764 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure