Registered number
07729763
Achieve Competitive Advantage Limited
Filleted Accounts
31 August 2024
Achieve Competitive Advantage Limited
Registered number: 07729763
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Current assets
Cash at bank and in hand 19 19
Creditors: amounts falling due within one year 3 (86,992) (86,992)
Net current liabilities (86,973) (86,973)
Net liabilities (86,973) (86,973)
Capital and reserves
Called up share capital 100 100
Profit and loss account (87,073) (87,073)
Shareholders' funds (86,973) (86,973)
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 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.
W Lee
Director
Approved by the board on 23 May 2025
Achieve Competitive Advantage Limited
Notes to the Accounts
for the year ended 31 August 2024
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 (as applied to small entities by section 1A of the standard).
Going Concern
The financial statements have been prepared on a non-going concern basis of accounting as it is the intention of the directors to undergo a voluntary winding-up over the course of the next 12 months. The comparatives relating to 31 August 2023 were also prepared on a non-going concern basis.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 27,230 31,669
Other creditors and accruals 59,762 55,323
86,992 86,992
Other creditors includes £59,496 (2023: £54,724) owed by the company to the director. No interest is charged on this amount, which is repayable on demand.
4 Other information
Achieve Competitive Advantage Limited is a private company limited by shares and incorporated in England. Its registered office is:
Blakelea House
Sandy Bank
Riding Mill
Northumberland
NE44 6HT
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