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REGISTERED NUMBER: 06423589 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Accsys Accountants Limited

Accsys Accountants Limited (Registered number: 06423589)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Accsys Accountants Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Mr W H A Wood





REGISTERED OFFICE: Trade Fair House
2 West Court,
Enterprise Road,
Maidstone
Kent
ME15 6JD





REGISTERED NUMBER: 06423589 (England and Wales)





ACCOUNTANTS: Accsys Accountants Limited
Chartered Accountants
Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

Accsys Accountants Limited (Registered number: 06423589)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 85,386 54,787
Investments 5 4,783 4,783
Investment property 6 548,693 548,693
638,862 608,263

CURRENT ASSETS
Debtors 7 45,820 16,700
Cash at bank 31,289 182,532
77,109 199,232
CREDITORS
Amounts falling due within one year 8 152,388 242,240
NET CURRENT LIABILITIES (75,279 ) (43,008 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

563,583

565,255

CREDITORS
Amounts falling due after more than one year 9 405,317 420,460
NET ASSETS 158,266 144,795

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 158,166 144,695
SHAREHOLDERS' FUNDS 158,266 144,795

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Accsys Accountants Limited (Registered number: 06423589)

Balance Sheet - continued
30 November 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2024 and were signed by:





Mr W H A Wood - Director


Accsys Accountants Limited (Registered number: 06423589)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Accsys Accountants Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 6 ).

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 December 2022 56,459 57,490 113,949
Additions 1,810 48,770 50,580
At 30 November 2023 58,269 106,260 164,529
DEPRECIATION
At 1 December 2022 31,316 27,846 59,162
Charge for year 6,474 13,507 19,981
At 30 November 2023 37,790 41,353 79,143
NET BOOK VALUE
At 30 November 2023 20,479 64,907 85,386
At 30 November 2022 25,143 29,644 54,787

Accsys Accountants Limited (Registered number: 06423589)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 December 2022
and 30 November 2023 4,783
NET BOOK VALUE
At 30 November 2023 4,783
At 30 November 2022 4,783

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 548,693
NET BOOK VALUE
At 30 November 2023 548,693
At 30 November 2022 548,693

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2019 200,000
Valuation in 2023 348,693
548,693

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 6,022 5,747
Other debtors 39,798 10,953
45,820 16,700

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 49,200 153,138
Hire purchase contracts 30,160 7,800
Trade creditors 16,948 9,763
Taxation and social security 48,181 66,144
Other creditors 7,899 5,395
152,388 242,240

Accsys Accountants Limited (Registered number: 06423589)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans 367,758 392,137
Hire purchase contracts 37,559 28,323
405,317 420,460