Registered number
02108649
Accountancy Admin Limited
Report and Accounts
31 March 2024
Accountancy Admin Limited
Registered number: 02108649
Directors' Report
The directors present their report and accounts for the year ended 31 March 2024.
Principal activities
The company's principal activity during the year continued to be the provision of accountancy and taxation services.
Directors
The following persons served as directors during the year:
S J Hands
T M Hands
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 31 August 2024 and signed by its order.
T M Hands
Secretary
Accountancy Admin Limited
Registered number: 02108649
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £ £ £
Fixed assets
Tangible assets 3 268,670 268,670
Current assets
Debtors 4 8,896 10,966
Cash at bank and in hand 20,487 17,453
29,383 28,419
Creditors: amounts falling due within one year 5 (236,163) (253,571)
Net current liabilities (206,780) (225,152)
Net assets 61,890 43,518
Capital and reserves
Called up share capital 100 100
Profit and loss account 61,790 43,418
Shareholders' funds 61,890 43,518
The directors are 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 directors acknowledge their 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.
S J Hands
Director
Approved by the board on 31 August 2024
Accountancy Admin 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.
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
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 over 5 years
Fixtures, fittings, tools and equipment over 5 years
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Motor vehicles Total
£ £ £
Cost
At 1 April 2023 268,670 32,574 301,244
At 31 March 2024 268,670 32,574 301,244
Depreciation
At 1 April 2023 - 32,574 32,574
At 31 March 2024 - 32,574 32,574
Net book value
At 31 March 2024 268,670 - 268,670
At 31 March 2023 268,670 - 268,670
A Legal charge is held against the Investment properties.
4 Debtors 2024 2023
£ £
Trade debtors 8,896 10,966
5 Creditors: amounts falling due within one year 2024 2023
£ £
Directors Loan (secured) 231,132 242,291
Corporation tax 4,309 7,980
Other taxes and social security costs 522 550
Other creditors 200 2,750
236,163 253,571
6 Other information
Accountancy Admin Limited is a private company limited by shares and incorporated in England. Its registered office is:
Seren Y Mor
Stad Gwastadgoed Isaf
Llwyngwril
Gwynedd
LL37 2LA
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