ABINGDON ACCOUNTANCY CENTRE LTD
Registered number: 04391764
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 3,340 2,959
Current assets
Debtors 4 957 1,298
Cash at bank and in hand 12,289 6,853
13,246 8,151
Creditors: amounts falling due within one year 5 (6,759) (7,368)
Net current assets 6,487 783
Net assets 9,827 3,742
Capital and reserves
Called up share capital 1 1
Profit and loss account 9,826 3,741
Shareholder's funds 9,827 3,742
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 member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Mrs M P Chick
Director
Approved by the board on 7 April 2025
ABINGDON ACCOUNTANCY CENTRE LTD
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Fixtures, fittings, tools and equipment 33.3% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Computer equipment Total
£ £ £
Cost
At 1 April 2024 3,698 18,050 21,748
Additions - 1,998 1,998
At 31 March 2025 3,698 20,048 23,746
Depreciation
At 1 April 2024 3,291 15,498 18,789
Charge for the year 102 1,515 1,617
At 31 March 2025 3,393 17,013 20,406
Net book value
At 31 March 2025 305 3,035 3,340
At 31 March 2024 407 2,552 2,959
4 Debtors 2025 2024
£ £
Trade debtors 60 120
Director's Loan Account - 242
Other debtors 897 936
957 1,298
5 Creditors: amounts falling due within one year 2025 2024
£ £
Corporation tax 3,215 3,715
Director's Loan account 194 -
Other creditors 3,350 3,653
6,759 7,368
6 Other information
ABINGDON ACCOUNTANCY CENTRE LTD is a private company limited by shares and incorporated in England. Its registered office is:
53 Kennington Road
OXFORD
OX1 5PB
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