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Company Registration No. 10280889 (England and Wales)
Assisted. Ltd Unaudited accounts for the year ended 31 July 2023
Assisted. Ltd Unaudited accounts Contents
Page
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Assisted. Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
428,737 
475,878 
Tangible assets
85,510 
119,520 
514,247 
595,398 
Current assets
Debtors
191,495 
215,979 
Cash at bank and in hand
506,669 
512,766 
698,164 
728,745 
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 
Capital and reserves
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
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Assisted. Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Pension 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.
Leased assets
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
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 taxation
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.
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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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2022
475,878 
Additions
60,043 
At 31 July 2023
535,921 
Amortisation
At 1 August 2022
- 
Charge for the year
107,184 
At 31 July 2023
107,184 
Net book value
At 31 July 2023
428,737 
At 31 July 2022
475,878 
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 
Depreciation
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 
Net book value
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 
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Assisted. Ltd Notes to the Accounts for the year ended 31 July 2023
6
Debtors
2023 
2022 
£ 
£ 
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 
191,495 
215,979 
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 
224,565 
252,963 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
44,192 
65,489 
Obligations under finance leases and hire purchase contracts
41,662 
57,305 
85,854 
122,794 
9
Average number of employees
During the year the average number of employees was 21 (2022: 18).
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