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COMPANY REGISTRATION NUMBER: 05160867
Complete Accounting Solutions Limited
Filleted Unaudited Financial Statements
30 June 2024
Complete Accounting Solutions Limited
Financial Statements
Year ended 30 June 2024
Contents
Page
Officers and professional advisers
1
Chartered certified accountants report to the board of directors on the preparation of the unaudited statutory financial statements
2
Statement of financial position
3
Notes to the financial statements
4
Complete Accounting Solutions Limited
Officers and Professional Advisers
The board of directors
G M Burnham
H J Glasstone
Company secretary
H J Glasstone
Registered office
727-729 High Road
London
N12 0BP
Accountants
Complete Accounting Solutions
Chartered Certified Accountants
727-729 High Road
London
N12 0BP
Complete Accounting Solutions Limited
Chartered Certified Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Complete Accounting Solutions Limited
Year ended 30 June 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 30 June 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Complete Accounting Solutions Chartered Certified Accountants
727-729 High Road London N12 0BP
11 March 2025
Complete Accounting Solutions Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
6
979
Current assets
Debtors
7
148,451
190,777
Cash at bank and in hand
323,159
269,731
---------
---------
471,610
460,508
Creditors: amounts falling due within one year
8
93,923
176,922
---------
---------
Net current assets
377,687
283,586
---------
---------
Total assets less current liabilities
377,687
284,565
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
377,587
284,465
---------
---------
Shareholders funds
377,687
284,565
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 11 March 2025 , and are signed on behalf of the board by:
H J Glasstone
Director
Company registration number: 05160867
Complete Accounting Solutions Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 727-729 High Road, London, N12 0BP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
12% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
20% straight line
Equipment
-
33% straight line
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 10 (2023: 10 ).
5. Intangible assets
Goodwill
£
Cost
At 1 July 2023 and 30 June 2024
483,502
---------
Amortisation
At 1 July 2023 and 30 June 2024
483,502
---------
Carrying amount
At 30 June 2024
---------
At 30 June 2023
---------
6. Tangible assets
Fixtures and fittings
Equipment
Total
£
£
£
Cost
At 1 July 2023 and 30 June 2024
79
21,531
21,610
----
--------
--------
Depreciation
At 1 July 2023
79
20,552
20,631
Charge for the year
979
979
----
--------
--------
At 30 June 2024
79
21,531
21,610
----
--------
--------
Carrying amount
At 30 June 2024
----
--------
--------
At 30 June 2023
979
979
----
--------
--------
7. Debtors
2024
2023
£
£
Trade debtors
129,791
104,255
Other debtors
18,660
86,522
---------
---------
148,451
190,777
---------
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
12,327
11,643
Corporation tax
85,685
Social security and other taxes
77,255
70,276
Other creditors
4,341
9,318
--------
---------
93,923
176,922
--------
---------