Registered number
08171918
Accident Direct Claims Limited
Filleted Accounts
31 August 2024
Accident Direct Claims Limited
Registered number: 08171918
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 57,194 64,744
Current assets
Cash at bank and in hand 41,751 917
Creditors: amounts falling due within one year 4 (71,604) (57,090)
Net current liabilities (29,853) (56,173)
Total assets less current liabilities 27,341 8,571
Creditors: amounts falling due after more than one year 5 (15,333) (23,333)
Net assets/(liabilities) 12,008 (14,762)
Capital and reserves
Called up share capital 100 100
Profit and loss account 11,908 (14,862)
Shareholders' funds 12,008 (14,762)
The directors are 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 directors acknowledge their 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.
Abul Ahmed
Director
Approved by the board on 9 September 2024
Accident Direct Claims 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).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Vehicle 25% Reducing Balance
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 3
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 September 2023 191,063
Additions 11,515
At 31 August 2024 202,578
Depreciation
At 1 September 2023 126,319
Charge for the year 19,065
At 31 August 2024 145,384
Net book value
At 31 August 2024 57,194
At 31 August 2023 64,744
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 5,608
Trade creditors 10,414 -
Taxation and social security costs 20,157 10,266
Other creditors 41,033 41,216
71,604 57,090
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 15,333 23,333
6 Other information
Accident Direct Claims Limited is a private company limited by shares and incorporated in England. Its registered office is:
541 Coventry Road
Birmingham
B10 0LL
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