Company Registration No. 10280889 (England and Wales)
Assisted. Ltd
Unaudited accounts
for the year ended 31 July 2023
Assisted. Ltd
Unaudited accounts
Contents
Assisted. Ltd
Statement of financial position
as at 31 July 2023
Intangible assets
428,737
475,878
Tangible assets
85,510
119,520
Cash at bank and in hand
506,669
512,766
Creditors: amounts falling due within one year
(224,565)
(252,963)
Net current assets
473,599
475,782
Total assets less current liabilities
987,846
1,071,180
Creditors: amounts falling due after more than one year
(85,854)
(122,794)
Net assets
901,992
948,386
Called up share capital
100
100
Profit and loss account
901,892
948,286
Shareholders' funds
901,992
948,386
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2023 and were signed on its behalf by
N Rinylo
Director
Company Registration No. 10280889
Assisted. Ltd
Notes to the Accounts
for the year ended 31 July 2023
Assisted. Ltd is a private company, limited by shares, registered in England and Wales, registration number 10280889. The registered office is Ground Floor Rear Office E, , Alma Park, Woodway Lane, Claybrooke Parva, Lutterworth, LE17 5BH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Assisted. Ltd
Notes to the Accounts
for the year ended 31 July 2023
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
20% Reducing balance
Computer equipment
33% Straight line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Expenditure on research and development is written off in the year in which it is incurred.
4
Intangible fixed assets
Goodwill
Charge for the year
107,184
5
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 August 2022
23,899
99,164
24,063
22,109
169,235
Additions
-
-
1,408
1,811
3,219
At 31 July 2023
23,899
99,164
25,471
23,920
172,454
At 1 August 2022
3,009
24,791
8,413
13,502
49,715
Charge for the year
2,321
24,791
3,412
6,705
37,229
At 31 July 2023
5,330
49,582
11,825
20,207
86,944
At 31 July 2023
18,569
49,582
13,646
3,713
85,510
At 31 July 2022
20,890
74,373
15,650
8,607
119,520
Assisted. Ltd
Notes to the Accounts
for the year ended 31 July 2023
Amounts falling due within one year
Trade debtors
148,403
205,516
Amounts due from group undertakings etc.
(25,308)
9,122
Other debtors
68,400
1,341
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
19,426
19,426
Obligations under finance leases and hire purchase contracts
13,211
13,211
Trade creditors
37,570
31,546
Taxes and social security
114,121
98,805
Other creditors
40,237
89,975
8
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
41,662
57,305
9
Average number of employees
During the year the average number of employees was 21 (2022: 18).