ASSURED INTERNATIONAL LIMITED

Company Registration Number:
14809454 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 17 April 2023

End date: 30 April 2024

ASSURED INTERNATIONAL LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

ASSURED INTERNATIONAL LIMITED

Company Information

for the Period Ended 30 April 2024




Director: Alfred Moore
Registered office: 1
Water Street
Kidwelly
GB-WLS
SA17 5BX
Company Registration Number: 14809454 (England and Wales)

ASSURED INTERNATIONAL LIMITED

Directors' Report Period Ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Principal Activities

46439 - Wholesale of radio, TV goods & electrical household appliances (other than records, tapes, CD's & video tapes and the equipment used for playing them) 70221 - Financial management (except corporate tax)

Company policy on the employment of disabled persons

Our company is committed to providing a supportive and inclusive work environment for all employees, regardless of disability. We will ensure that reasonable accommodations are made to enable disabled employees to perform their job duties effectively. We will also promote awareness and understanding of disability issues within the workplace.

Additional information

The company is primarily engaged in the wholesale trade of radios, television sets, and other electrical household appliances and it also offers financial management services. The company do not handle investments or funds directly but provides comprehensive financial advice to small and medium-sized businesses. This guidance encompasses a wide range of financial matters, assisting these businesses in making informed decisions and navigating the complexities of their financial landscape.

Directors

The director(s) shown below were appointed to the company during the period
Alfred Moore
07 February 2024

This report was approved by the board of directors on 1 October 2024
And Signed On Behalf Of The Board By:

Name: Alfred Moore
Status: Director

ASSURED INTERNATIONAL LIMITED

Profit and Loss Account

for the Period Ended 30 April 2024


Notes

2024
£
Turnover 4,115,678
Cost of sales ( 3,211,230 )
Gross Profit or (Loss) 904,448
Distribution Costs ( 63,477 )
Administrative Expenses ( 320,500 )
Operating Profit or (Loss) 520,471
Profit or (Loss) Before Tax 520,471
Tax on Profit ( 130,118 )
Profit or (Loss) for Period 390,353

The notes form part of these financial statements

ASSURED INTERNATIONAL LIMITED

Balance sheet

As at 30 April 2024


Notes

2024
£
Fixed assets
Tangible assets: 4 3,143,000
Total fixed assets: 3,143,000
Current assets
Stocks: 329,500
Debtors: 5 50,000
Cash at bank and in hand: 321,555
Total current assets: 701,055
Prepayments and accrued income: 34,042
Creditors: amounts falling due within one year: 6 ( 247,550 )
Net current assets (liabilities): 487,547
Total assets less current liabilities: 3,630,547
Creditors: amounts falling due after more than one year: 7 ( 3,100,000 )
Provision for liabilities: ( 130,118 )
Accruals and deferred income: ( 9,976 )
Total net assets (liabilities): 390,453

The notes form part of these financial statements

ASSURED INTERNATIONAL LIMITED

Balance sheet continued

As at 30 April 2024


Notes

2024
£
Capital and reserves
Called up share capital: 100
Profit and loss account: 390,353
Shareholders funds: 390,453

For the year ending 30 April 2024 the company was entitled to exemption 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 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.

This report was approved by the board of directors on 1 October 2024
And Signed On Behalf Of The Board By:

Name: Alfred Moore
Status: Director

The notes form part of these financial statements

ASSURED INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

ASSURED INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees


    2024
    Average number of employees during the period 9

ASSURED INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 3. Off balance sheet disclosure

    No

ASSURED INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Tangible assets

Land & buildings Office equipment Total
Cost £ £ £
Additions 3,100,000 43,000 3,143,000
Disposals - - -
Revaluations - - -
Transfers - - -
At 30 April 2024 3,100,000 43,000 3,143,000
Depreciation
Charge for year - - -
On disposals - - -
Other adjustments - - -
At 30 April 2024 - - -
Net book value
At 30 April 2024 3,100,000 43,000 3,143,000

The addition of the property valued at £3.1 million to the company's asset is against shareholder's loan account. This indicates that the property is now in use of the company, financed by the shareholder's loan with a tenure of five years.

Additionally, to account for the office equipment purchased for £43,000, office equipment account is debited against liquid cash from working capital. This reflects that the company has acquired a new assets (office furniture and working equipment) and paid for it using cash during .

It's important to note that the depreciation expense for the property will be calculated in the following year. This is because the property was acquired during the current year but will be used for multiple years. Therefore, its cost needs to be spread out over its useful life. The depreciation method used (e.g., straight-line) will determine the specific calculation.

ASSURED INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

5. Debtors


2024
£
Trade debtors 50,000
Total 50,000

Debtors amount represent amounts due from one of out clients for services sold on credit. As of 30 April 2024, Debtors totaled £ 50000. The company believes that all Debtors are collectible.

This amount is billed to our client and is yet to be received. Services for this has already been provided.

The company maintains an allowance for doubtful debts to account for potential losses from uncollectible debts. The allowance is based on a review of the aging of Debtors and other factors. As of 30 April 2024, the allowance for doubtful debts was £0.

This amount is billed to our client and is yet to be received. Services for this has already been provided.

ASSURED INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

6.Creditors: amounts falling due within one year note


2024
£
Trade creditors 247,550
Total 247,550

Creditors represent amounts due to suppliers for goods or services purchased on credit. As of 30 April 2024, creditors totaled £247,550 falling within one year.

The company believes that all Creditors are collectible. The £247,550 due within one year represents amounts owed to trade vendors for stock purchased on credit. These amounts are expected to be settled within three months from the date of purchase.

ASSURED INTERNATIONAL LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

7.Creditors: amounts falling due after more than one year


2024
£
Other creditors 3,100,000
Total 3,100,000

A property of £3.1 million in terms of shareholder's loan is given to the firm which is for a tenure of five years, with an option to be matured.

This is a valuable addition to the firms resources. The debt is the only long term liability this company holds, with only operating rights being transferred, making the property itself as the collateral.