Registered number
08071365
Holmes Accountancy Limited
Filleted Accounts
31 March 2024
Holmes Accountancy Limited
Registered number: 08071365
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,075 4,883
Current assets
Debtors 4 41,428 37,241
Cash at bank and in hand 54,588 42,809
96,016 80,050
Creditors: amounts falling due within one year 5 (36,735) (32,607)
Net current assets 59,281 47,443
Net assets 60,356 52,326
Capital and reserves
Called up share capital 110 110
Profit and loss account 60,246 52,216
Shareholders' funds 60,356 52,326
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 members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
M A Holmes
Director
Approved by the board on 6 August 2024
Holmes Accountancy Limited
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 (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
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 25% reducing balance
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 27,882
Additions 149
At 31 March 2024 28,031
Depreciation
At 1 April 2023 22,999
Charge for the year 3,957
At 31 March 2024 26,956
Net book value
At 31 March 2024 1,075
At 31 March 2023 4,883
4 Debtors 2024 2023
£ £
Trade debtors 9,845 11,153
Other debtors 31,583 26,088
41,428 37,241
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 835 786
Taxation and social security costs 29,453 22,093
Work in progress 6,447 8,532
Other creditors - 1,196
36,735 32,607
6 Other information
Holmes Accountancy Limited is a private company limited by shares and incorporated in England. Its registered office is:
Linford Forum
18 Rockingham Drive
Linford Wood
Milton Keynes
MK14 6LY
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