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REGISTERED NUMBER: 01029658















Unaudited Financial Statements for the Year Ended 30 June 2024

for

ADMIN SERVICES (CITY) LIMITED

ADMIN SERVICES (CITY) LIMITED (REGISTERED NUMBER: 01029658)

Contents of the Financial Statements
for the year ended 30 June 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ADMIN SERVICES (CITY) LIMITED

Company Information
for the year ended 30 June 2024







DIRECTOR: M B Matza





SECRETARY: M B Matza





REGISTERED OFFICE: c/o Thorne Lancaster Parker
5th Floor, Palladium House
1-4 Argyll Street
London
W1F 7TA





REGISTERED NUMBER: 01029658





ACCOUNTANTS: Thorne Lancaster Parker
5th Floor
Palladium House
1-4 Argyll Street
London
W1F 7TA

ADMIN SERVICES (CITY) LIMITED (REGISTERED NUMBER: 01029658)

Statement of Financial Position
30 June 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 6 42,758 55,792
Cash at bank 1,787 8,037
44,545 63,829
CREDITORS
Amounts falling due within one year 7 (10,481 ) (21,811 )
NET CURRENT ASSETS 34,064 42,018
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,064

42,018

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 34,062 42,016
SHAREHOLDERS' FUNDS 34,064 42,018

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2024 and were signed by:





M B Matza - Director


ADMIN SERVICES (CITY) LIMITED (REGISTERED NUMBER: 01029658)

Notes to the Financial Statements
for the year ended 30 June 2024


1. STATUTORY INFORMATION

Admin Services (City) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Revenue
Revenue represents the total amount receivable, net of value added tax, for goods and services provided in the ordinary course of business.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Equipment 25% on cost

Taxation
Taxation expense for the period comprises current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case tax is also recognised in other comprehensive income or directly in equity respectively.

Current taxation assets and liabilities are not discounted.

Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.

Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities.

Deferred tax
Deferred tax is recognised in respect of all timing differences which are differences between taxable profits and total comprehensive income that arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred taxation assets and liabilities are not discounted.

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

ADMIN SERVICES (CITY) LIMITED (REGISTERED NUMBER: 01029658)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
The company has adopted section 11 of FRS 102 in respect of its basic financial instruments.

Basic financial assets

Trade and other debtors, amounts owed by related undertakings, cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period basic financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Basic financial assets are derecognised when (a) the contractual rights to the cash flows from the assets expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Basic financial liabilities

Trade and other creditors, directors' current accounts and accruals are initially recognised at transaction price and subsequently carried at amortised cost, using the effective interest rate method.

Basic financial liabilities are derecognised when the contractual obligation is discharged, cancelled or expired.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at bank and in hand and short term deposits with an original maturity date of three months or less.

4. EMPLOYEES AND DIRECTORS

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

5. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1 July 2023
and 30 June 2024 10,448
DEPRECIATION
At 1 July 2023
and 30 June 2024 10,448
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

ADMIN SERVICES (CITY) LIMITED (REGISTERED NUMBER: 01029658)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 42,793 55,827
Corporation tax refund (35 ) (35 )
42,758 55,792

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 243 233
Corporation tax 996 2,346
Social security and other taxes 4,573 3,582
Directors' current accounts 1,368 12,050
Accruals and deferred income 3,301 3,600
10,481 21,811

8. FINANCIAL INSTRUMENTS


The Company has the following financial instruments:
2023 2022
Financial assets that are debt instruments measured at
amortised cost


- Trade debtors 55,827 53,110
- Other debtors - -

55,827 53,110
Financial liabilities measured at amortised cost

- Trade creditors 233 174
- Accruals and deferred income 3,600 3,000
3,833 3,174


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary shares 1 2 2

ADMIN SERVICES (CITY) LIMITED (REGISTERED NUMBER: 01029658)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


10. RESERVES
Retained
earnings
£   

At 1 July 2023 42,016
Profit for the year 4,046
Dividends (12,000 )
At 30 June 2024 34,062

11. RELATED PARTY DISCLOSURES

Educational Facilities Management Partnership Limited

M B Matza is a director of Educational Facilities Management Partnership Limited a company under common control. During the year, the company was charged £79,827 (2023: £72,272) for services. At the balance sheet date within trade debtors there is an amount owed from Educational Facilities Management Partnership Limited of £42,515 (2023: £55,445). The amount is interest free and there is no fixed date for repayment.

M B Matza
Director and Shareholder

At the balance sheet date the company owed £1,368 (2023: £12,050) to a director, M B Matza. The amount is unsecured and interest free, and there is no fixed date of repayment.

12. ULTIMATE CONTROLLING PARTY

The controlling party is M B Matza.