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REGISTERED NUMBER: 07171657 (England and Wales)















Financial Statements for the Year Ended 31 May 2024

for

AC Database Services Limited

AC Database Services Limited (Registered number: 07171657)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AC Database Services Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Miss S Cowman
Miss J Cowman
J A Cowman





REGISTERED OFFICE: Westbourne House
St. Andrews Avenue
Morley
Leeds
West Yorkshire
LS27 0JT





REGISTERED NUMBER: 07171657 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

AC Database Services Limited (Registered number: 07171657)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 31,560 31,195

CURRENT ASSETS
Debtors 5 145,203 142,736
Cash at bank 91,467 96,699
236,670 239,435
CREDITORS
Amounts falling due within one year 6 60,453 101,367
NET CURRENT ASSETS 176,217 138,068
TOTAL ASSETS LESS CURRENT
LIABILITIES

207,777

169,263

PROVISIONS FOR LIABILITIES 1,472 1,400
NET ASSETS 206,305 167,863

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 206,205 167,763
SHAREHOLDERS' FUNDS 206,305 167,863

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

AC Database Services Limited (Registered number: 07171657)

Balance Sheet - continued
31 May 2024


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 Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:





J A Cowman - Director


AC Database Services Limited (Registered number: 07171657)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

AC Database Services 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.

The functional currency is sterling and the financial statements are rounded to the nearest £.

Turnover
Turnover comprises the net value of revenue generated for data analytical services provided in the normal course of business. Revenue is recognised when the services have been completed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Basement Conversion - 2% on cost
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

Financial instruments
Basic financial instruments are recognised at amortised cost. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

AC Database Services Limited (Registered number: 07171657)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Basement and Computer
Conversion fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023 34,879 14,823 16,267 65,969
Additions - - 3,719 3,719
At 31 May 2024 34,879 14,823 19,986 69,688
DEPRECIATION
At 1 June 2023 8,361 13,413 13,000 34,774
Charge for year 697 352 2,305 3,354
At 31 May 2024 9,058 13,765 15,305 38,128
NET BOOK VALUE
At 31 May 2024 25,821 1,058 4,681 31,560
At 31 May 2023 26,518 1,410 3,267 31,195

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 117,942 116,900
Other debtors 27,261 25,836
145,203 142,736

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors (4,424 ) 839
Taxation and social security 58,014 85,381
Other creditors 6,863 15,147
60,453 101,367