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Company registration number:
15180344
Angela Hayward Accountant Limited
Unaudited Filleted Financial Statements for the period ended
31 March 2024
Angela Hayward Accountant Limited
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Angela Hayward Accountant Limited
Period ended
31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the
financial statements
of
Angela Hayward Accountant Limited
for the period ended
31 March 2024
which comprise the income statement, statement of financial position, statement of changes in equity and related notes from the company’s accounting records and from information and explanations you have given me.
As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), I am subject to its ethical and other professional requirements which are detailed at icaew.com/​regulations.
This report is made solely to the Board of Directors of
Angela Hayward Accountant Limited
, as a body. My work has been undertaken solely to prepare for your approval the
financial statements
of
Angela Hayward Accountant Limited
and state those matters that I have agreed to state to the Board of Directors of
Angela Hayward Accountant Limited
, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than
Angela Hayward Accountant Limited
and its Board of Directors, as a body, for my work or for this report.
It is your duty to ensure that
Angela Hayward Accountant Limited
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
Angela Hayward Accountant Limited
. You consider that
Angela Hayward Accountant Limited
is exempt from the statutory audit requirement for the period.
I have not been instructed to carry out an audit or a review of the financial statements of Angela Hayward Accountant Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
Angela Hayward Accountant Limited
Chartered Accountants
17 High Street
Needham Market
Ipswich
Suffolk
IP6 8AL
United Kingdom
Angela Hayward Accountant Limited
Statement of Financial Position
31 March 2024
31 Mar 2024
Note£
Fixed assets  
Intangible assets 5
5,400
 
Tangible assets 6
855
 
6,255
 
Current assets  
Debtors 7
9,808
 
Cash at bank and in hand
19,807
 
29,615
 
Creditors: amounts falling due within one year 8
(18,551
)
Net current assets
11,064
 
Total assets less current liabilities 17,319  
Capital and reserves  
Called up share capital
50
 
Profit and loss account
17,269
 
Shareholders funds
17,319
 
For the period ending
31 March 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
28 January 2025
, and are signed on behalf of the board by:
Angela Hayward
Director
Company registration number:
15180344
Angela Hayward Accountant Limited
Notes to the Financial Statements
Period ended
31 March 2024

1 General information

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services supplied, net of discounts and Value Added Tax.
Revenue from the sale of services is recognised when the service is complete, or in the case of ongoing services over the life of that service; when the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.
Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Goodwill
20% straight line

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
25% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the period was
1
.

5 Intangible assets

Goodwill
£
Cost  
At
2 October 2023
-  
Additions
6,000
 
At
31 March 2024
6,000
 
Amortisation  
At
2 October 2023
-  
Charge
600
 
At
31 March 2024
600
 
Carrying amount  
At
31 March 2024
5,400
 

6 Tangible assets

Plant and machinery etc.
£
Cost  
At
2 October 2023
-  
Additions
1,065
 
At
31 March 2024
1,065
 
Depreciation  
At
2 October 2023
-  
Charge
210
 
At
31 March 2024
210
 
Carrying amount  
At
31 March 2024
855
 

7 Debtors

31 Mar 2024
£
Trade debtors
7,329
 
Other debtors
2,479
 
9,808
 

8 Creditors: amounts falling due within one year

31 Mar 2024
£
Trade creditors
1,689
 
Taxation and social security
16,078
 
Other creditors
784
 
18,551