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REGISTERED NUMBER: 05193353 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

A.S.A.P Accounting Services Ltd

A.S.A.P Accounting Services Ltd (Registered number: 05193353)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A.S.A.P Accounting Services Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: M Burwood





REGISTERED OFFICE: The Old Cartlodge
Warrens Farm
Great Tey
Colchester
CO6 1AJ





REGISTERED NUMBER: 05193353 (England and Wales)






A.S.A.P Accounting Services Ltd (Registered number: 05193353)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,750 10,909
Tangible assets 5 1,690 1,825
10,440 12,734

CURRENT ASSETS
Stocks 500 500
Debtors 6 17,841 15,626
Cash at bank and in hand 13,308 12,761
31,649 28,887
CREDITORS
Amounts falling due within one year 7 11,781 13,125
NET CURRENT ASSETS 19,868 15,762
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,308

28,496

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 30,208 28,396
SHAREHOLDERS' FUNDS 30,308 28,496

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

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

A.S.A.P Accounting Services Ltd (Registered number: 05193353)

Balance Sheet - continued
31 March 2024


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 24 December 2024 and were signed by:





M Burwood - Director


A.S.A.P Accounting Services Ltd (Registered number: 05193353)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

A.S.A.P Accounting Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

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.

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 etc - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


A.S.A.P Accounting Services Ltd (Registered number: 05193353)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 43,183
AMORTISATION
At 1 April 2023 32,274
Charge for year 2,159
At 31 March 2024 34,433
NET BOOK VALUE
At 31 March 2024 8,750
At 31 March 2023 10,909

A.S.A.P Accounting Services Ltd (Registered number: 05193353)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 7,449
Additions 165
At 31 March 2024 7,614
DEPRECIATION
At 1 April 2023 5,624
Charge for year 300
At 31 March 2024 5,924
NET BOOK VALUE
At 31 March 2024 1,690
At 31 March 2023 1,825

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 17,806 15,465
Other debtors 35 161
17,841 15,626

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Amounts owed to group undertakings - 3,963
Taxation and social security 7,979 7,060
Other creditors 3,802 2,102
11,781 13,125