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Registration number: 09154041

AY Management Solutions Limited

Unaudited Financial Statements

for the Year Ended 31 October 2023

 

AY Management Solutions Limited

(Registration number: 09154041)

Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Current assets

 

Debtors

3

6,694

15,742

Cash at bank and in hand

 

16,095

9,007

 

22,789

24,749

Creditors: Amounts falling due within one year

4

(45,579)

(50,852)

Net liabilities

 

(22,790)

(26,103)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(22,890)

(26,203)

Shareholders' deficit

 

(22,790)

(26,103)

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 30 July 2024
 

.........................................

Adrian Yates
Director

 

AY Management Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

1

Accounting policies

AY Management Solutions Limited is a private company, limited by shares, domiciled in England and Wales, company number 09154041. The registered office is at 3 Letwell Court, Bessacarr, Doncaster, South Yorkshire, DN4 5NU.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

These financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

After due consideration of all relevant factors, the directors have reasonable expectation that the company has adequate resources to continue in operational exsistence for the forseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.

Revenue recognition

Turnover represents amounts chargeable in respect of the provision of services to customers.

Government grants

Grants that do not impose specified future performance-related conditions are recognised in income when the grant proceeds are received or receivable. Grants that impose specified future performance-related conditions are recognised in income only when the performance-related conditions are met. Grants received before the revenue recognition criteria are satisfied are recognised as a liability.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

AY Management Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2022 - 2).

 

AY Management Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2023

3

Debtors

2023
 £

2022
 £

Trade debtors

6,694

-

Other debtors

-

15,742

6,694

15,742

4

Creditors

Creditors: amounts falling due within one year

2023
 £

2022
 £

Due within one year

Amounts due to related parties

19,368

42,104

Social security and other taxes

6,918

-

Accrued expenses

18,343

8,748

Corporation tax liability

950

-

45,579

50,852