Company Registration No. 12778584 (England and Wales)
Asset Accounting (Swindon) Ltd
Unaudited accounts
for the year ended 31 December 2023
Asset Accounting (Swindon) Ltd
Unaudited accounts
Contents
Asset Accounting (Swindon) Ltd
Company Information
for the year ended 31 December 2023
Company Number
12778584 (England and Wales)
Registered Office
11-12 Market Place
Faringdon
Oxfordshire
SN7 7HP
England
Accountants
Asset Accounting (Swindon) Ltd
Second Floor
11-12 Market Place
Faringdon
Oxfordshire
SN7 7HP
Asset Accounting (Swindon) Ltd
Statement of financial position
as at 31 December 2023
Intangible assets
24,000
27,000
Tangible assets
1,250
1,321
Cash at bank and in hand
795
1,128
Creditors: amounts falling due within one year
(29,321)
(34,846)
Net current liabilities
(25,137)
(29,414)
Net assets/(liabilities)
113
(1,093)
Called up share capital
100
100
Profit and loss account
13
(1,193)
Shareholders' funds
113
(1,093)
For the year ending 31 December 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 director acknowledges her 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 and authorised for issue on 28 August 2024 and were signed on its behalf by
Emma Goodwin
Director
Company Registration No. 12778584
Asset Accounting (Swindon) Ltd
Notes to the Accounts
for the year ended 31 December 2023
Asset Accounting (Swindon) Ltd is a private company, limited by shares, registered in England and Wales, registration number 12778584. The registered office is 11-12 Market Place, Faringdon, Oxfordshire, SN7 7HP, England.
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.
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:
Fixtures & fittings
25% sl
Other tangible fixed assets
20% rb
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 31 December 2023
30,000
At 31 December 2023
24,000
At 31 December 2022
27,000
Asset Accounting (Swindon) Ltd
Notes to the Accounts
for the year ended 31 December 2023
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
100
1,456
1,556
At 31 December 2023
100
1,936
2,036
At 1 January 2023
41
194
235
Charge for the year
33
518
551
At 31 December 2023
74
712
786
At 31 December 2023
26
1,224
1,250
At 31 December 2022
59
1,262
1,321
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
1,093
1,770
Taxes and social security
2,029
615
Loans from directors
13,682
25,676
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).