External Accounts Limited Filleted Accounts Cover
External Accounts Limited
Company No. 09507244
Information for Filing with The Registrar
31 December 2023
External Accounts Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 31 December 2023.
Principal activities
The principal activity of the company during the year under review was accountancy and taxation services.
Directors
The Directors who served at any time during the year were as follows:
L. Brown
M.D. Leggett
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
M.D. Leggett
Director
04 September 2024
External Accounts Limited Balance Sheet Registrar
at
31 December 2023
Company No.
09507244
Notes
2023
2022
£
£
Fixed assets
Intangible assets
4
115,022-
Tangible assets
5
11,62613,291
126,64813,291
Current assets
Debtors
6
50,79944,303
Cash at bank and in hand
69,84538,119
120,64482,422
Creditors: Amount falling due within one year
7
(138,619)
(53,958)
Net current (liabilities)/assets
(17,975)
28,464
Total assets less current liabilities
108,67341,755
Creditors: Amounts falling due after more than one year
8
(47,667)
(9,667)
Provisions for liabilities
Deferred taxation
(2,906)
(3,323)
Net assets
58,10028,765
Capital and reserves
Called up share capital
100100
Profit and loss account
10
58,00028,665
Total equity
58,10028,765
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 04 September 2024 and signed on its behalf by:
M.D. Leggett
Director
04 September 2024
External Accounts Limited Notes to the Accounts Registrar
for the year ended 31 December 2023
1
General information
External Accounts Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 09507244
Its registered office is:
Central House
20 Central Avenue
St Andrews Business Park
Norwich
NR7 0HR
The financial statements for the prior period are for the 18 months from 1 July 2021 to 31 December 2022, so are not entirely comparable.
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Motor vehicles
10% straight line
Furniture, fittings and equipment
25% straight line
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
43
4
Intangible fixed assets
Goodwill
Total
£
£
Cost
Additions
126,630126,630
At 31 December 2023
126,630126,630
Amortisation and impairment
Charge for the year
11,60811,608
At 31 December 2023
11,60811,608
Net book values
At 31 December 2023
115,022115,022
5
Tangible fixed assets
Motor vehicles
Fixtures, fittings and equipment
Total
£
£
£
Cost or revaluation
At 1 January 2023
19,8943,49523,389
Additions
-972972
At 31 December 2023
19,8944,46724,361
Depreciation
At 1 January 2023
8,3901,70810,098
Charge for the year
2,0006372,637
At 31 December 2023
10,3902,34512,735
Net book values
At 31 December 2023
9,5042,12211,626
At 31 December 2022
11,504
1,787
13,291
6
Debtors
2023
2022
£
£
Trade debtors
43,75734,984
Loans to directors
-4,583
Other debtors
2,0002,000
Prepayments and accrued income
5,0422,736
50,79944,303
7
Creditors:
amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
4,0004,000
Trade creditors
1,8332,823
Taxes and social security
56,139
45,271
Loans from directors
17,665-
Other creditors
43,1421,864
Accruals and deferred income
15,840-
138,61953,958
8
Creditors:
amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
5,6679,667
Other creditors
42,000-
47,6679,667
9
Share Capital
The company has 70 £1 Ordinary A shares and 30 £1 Ordinary B shares, all of which are paid up.
10
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
11
Dividends
2023
2022
£
£
Dividends for the period:
Dividends paid in the period
73,000
96,000
73,000
96,000
Dividends by type:
Equity dividends
73,00096,000
73,000
96,000
12
Advances and credits to directors
2023
£
At 1 January 2023
4,583
Advanced in the period
82,762
Amounts repaid in the period
87,345
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