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REGISTERED NUMBER: 01343514 (England and Wales)















Auditoria Services Limited

Financial Statements For The Year Ended 31 March 2024






Auditoria Services Limited (Registered number: 01343514)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Auditoria Services Limited

Company Information
For The Year Ended 31 March 2024







DIRECTORS: Mr J A Penistone
Mrs J Penistone
Ms J Penistone Hamshaw
Mr J J Penistone



SECRETARY: Ms J Penistone Hamshaw



REGISTERED OFFICE: Denby Way
Hellaby Industrial Estate
Hellaby
Rotherham
S66 8HR



REGISTERED NUMBER: 01343514 (England and Wales)



INDEPENDENT AUDITORS: Kingswood Allotts Limited, Statutory Auditor
Chartered Accountants
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU



BANKERS: Barclays Bank plc
3 High Street
Doncaster
South Yorkshire
DN1 1EG

Auditoria Services Limited (Registered number: 01343514)

Abridged Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 677
Tangible assets 5 677,588 784,482
677,588 785,159

CURRENT ASSETS
Stocks 277,949 318,231
Debtors 6 1,274,471 1,522,734
Cash at bank and in hand 441,727 604,139
1,994,147 2,445,104
CREDITORS
Amounts falling due within one year 526,999 824,782
NET CURRENT ASSETS 1,467,148 1,620,322
TOTAL ASSETS LESS CURRENT LIABILITIES 2,144,736 2,405,481

CREDITORS
Amounts falling due after more than one year (202,930 ) (309,239 )

PROVISIONS FOR LIABILITIES (117,256 ) (126,724 )
NET ASSETS 1,824,550 1,969,518

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,824,450 1,969,418
SHAREHOLDERS' FUNDS 1,824,550 1,969,518

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by:





Ms J Penistone Hamshaw - Director


Auditoria Services Limited (Registered number: 01343514)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

Auditoria 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.

Turnover
Turnover represents the value of work done for which the company has earned the right to consideration in exchange for performance. Turnover and profit appropriate to the stage of completion are recognised as a contract progresses. Amounts recognised as turnover in excess of amounts invoiced are recorded as amounts recoverable on contracts within debtors.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on cost
Fixtures and fittings - 33% on cost and 15% on cost
Motor vehicles - 25% on cost

Tangible assets are initially measured at cost. After initial recognition, tangible assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Debtors and creditors are measured at the amounts expected to be received/paid less any charges relating to future periods, and less any provision for impairment.

Taxation
Taxation for the year comprises current and deferred tax. 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.

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.

Auditoria Services Limited (Registered number: 01343514)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 45 (2023 - 49 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 10,917
AMORTISATION
At 1 April 2023 10,240
Amortisation for year 677
At 31 March 2024 10,917
NET BOOK VALUE

At 31 March 2024 -
At 31 March 2023 677

Auditoria Services Limited (Registered number: 01343514)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 2,616,259
Additions 183,438
At 31 March 2024 2,799,697
DEPRECIATION
At 1 April 2023 1,831,777
Charge for year 290,332
At 31 March 2024 2,122,109
NET BOOK VALUE
At 31 March 2024 677,588
At 31 March 2023 784,482

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 April 2023 1,411,882
Additions 141,069
At 31 March 2024 1,552,951
DEPRECIATION
At 1 April 2023 732,891
Charge for year 232,355
At 31 March 2024 965,246
NET BOOK VALUE
At 31 March 2024 587,705
At 31 March 2023 678,991

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Trade debtors 94,989 4,610

Auditoria Services Limited (Registered number: 01343514)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

7. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 166,013 118,589
Between one and five years 102,871 159,239
268,884 277,828

Non-cancellable operating leases
2024 2023
£    £   
Within one year 136,000 132,075
Between one and five years 272,000 396,225
408,000 528,300

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 150,059 200,000
Hire purchase contracts 268,884 277,828
418,943 477,828

The loan in respect of the hire purchase agreement is secured against the asset to which it relates.

The CBIL loan is secured by a fixed and floating charge over the assets of the company.

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Garrison BCom FCA DChA (Senior Statutory Auditor)
for and on behalf of Kingswood Allotts Limited, Statutory Auditor

10. OTHER FINANCIAL COMMITMENTS

In the prior year, the company paid £4,000 as a deposit on two vehicles. The full amount contracted for at the balance sheet date but not recognised in the financial statements was £171,401.

Auditoria Services Limited (Registered number: 01343514)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr J A Penistone
Balance outstanding at start of year 7,531 452
Amounts advanced 22,265 422,086
Amounts repaid (29,329 ) (415,007 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 467 7,531

Mr J J Penistone
Balance outstanding at start of year - 7,075
Amounts advanced 50,216 2,922
Amounts repaid - (9,997 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50,216 -

Interest was charged on the above overdrawn loan accounts at HMRC's official rate of 2.25% (2023: 2.0%)

12. RELATED PARTY DISCLOSURES

At the year end current liabilities included amounts totalling £16,436 (2023: £235,544) owed by the company to the directors and current assets included amounts totalling £50,683 (2023: £7,531) owed by the directors to the company.

One director has provided a personal guarantee of up to £50,000 and four directors have provided a personal guarantee of £150,000 in respect of the company's overdraft facility with Barclays Bank plc