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ASSURED FINANCIAL RESOURCES LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2024






ASSURED FINANCIAL RESOURCES LTD (REGISTERED NUMBER: 05692216)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ASSURED FINANCIAL RESOURCES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTOR: K A Whittington





SECRETARY: Mrs T Whittington





REGISTERED OFFICE: 338 Hook Road
Chessington
Surrey
KT9 1NU





REGISTERED NUMBER: 05692216 (England and Wales)





ACCOUNTANTS: Halsey & Co (Accountants) Ltd.
Chartered Certified Accountants
Registered Auditors
2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ

ASSURED FINANCIAL RESOURCES LTD (REGISTERED NUMBER: 05692216)

BALANCE SHEET
31ST JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 113 440

CURRENT ASSETS
Cash at bank and in hand 115,692 114,781

CREDITORS
Amounts falling due within one year 5 9,537 16,850
NET CURRENT ASSETS 106,155 97,931
TOTAL ASSETS LESS CURRENT
LIABILITIES

106,268

98,371

PROVISIONS FOR LIABILITIES 21 84
NET ASSETS 106,247 98,287

CAPITAL AND RESERVES
Called up share capital 6 8 8
Retained earnings 7 106,239 98,279
SHAREHOLDERS' FUNDS 106,247 98,287

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25th October 2024 and were signed by:





K A Whittington - Director


ASSURED FINANCIAL RESOURCES LTD (REGISTERED NUMBER: 05692216)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024

1. STATUTORY INFORMATION

Assured Financial Resources Ltd 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.

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 - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

ASSURED FINANCIAL RESOURCES LTD (REGISTERED NUMBER: 05692216)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st February 2023
and 31st January 2024 2,838 1,099 3,937
DEPRECIATION
At 1st February 2023 2,785 712 3,497
Charge for year 53 274 327
At 31st January 2024 2,838 986 3,824
NET BOOK VALUE
At 31st January 2024 - 113 113
At 31st January 2023 53 387 440

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Tax 5,774 13,156
Other creditors 1,310 1,273
Directors' current accounts 1,253 1,221
Accrued expenses 1,200 1,200
9,537 16,850

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
8 Ordinary 1.00 8 8

7. RESERVES
Retained
earnings
£   

At 1st February 2023 98,279
Profit for the year 24,360
Dividends (16,400 )
At 31st January 2024 106,239

8. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £1252 (2023 - £1220) to K Whittington, the director and shareholder of the company .The amount is interest free and repayable on demand.