Registered number
10985337
Analogue Systems Ltd
Filleted Accounts
30 April 2024
Analogue Systems Ltd
Registered number: 10985337
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 4,932 6,390
Current assets
Stocks 13,075 15,222
Debtors 4 1,398 3,085
Cash at bank and in hand 19,233 22,204
33,706 40,511
Creditors: amounts falling due within one year 5 (28,649) (32,418)
Net current assets 5,057 8,093
Net assets 9,989 14,483
Capital and reserves
Called up share capital 100 100
Profit and loss account 9,889 14,383
Shareholders' funds 9,989 14,483
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J K Price
Director
Approved by the board on 26 November 2024
Analogue Systems Ltd
Notes to the Accounts
for the period from 1 March 2023 to 30 April 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Goodwill:
Cost
At 1 March 2023 12,500
At 30 April 2024 12,500
Amortisation
At 1 March 2023 6,110
Provided during the period 1,458
At 30 April 2024 7,568
Net book value
At 30 April 2024 4,932
At 28 February 2023 6,390
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Debtors 2024 2023
£ £
Trade debtors - 2,554
Other debtors 1,398 531
1,398 3,085
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - -
Taxation and social security costs (626) 3,178
Other creditors 29,275 29,240
28,649 32,418
6 Other information
Analogue Systems Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Unit 3, Epsom Down Metro Centre
Waterfield
Tadworth
KT20 5LR
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