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REGISTERED NUMBER: 03066018 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 August 2024

for

ASSIGN SYSTEMS LIMITED

ASSIGN SYSTEMS LIMITED (REGISTERED NUMBER: 03066018)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ASSIGN SYSTEMS LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTOR: G Martin





SECRETARY: Mrs M Martin





REGISTERED OFFICE: Stour Cottage
43 Ringwood Road
Longham
Wimbourne
Dorset
BH22 9AA





REGISTERED NUMBER: 03066018 (England and Wales)





ACCOUNTANTS: Adams Beeny Limited
4 Sudley Road
Bognor Regis
West Sussex
PO21 1EU

ASSIGN SYSTEMS LIMITED (REGISTERED NUMBER: 03066018)

Statement of Financial Position
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,975 3,246

CURRENT ASSETS
Debtors 5 58,924 37,541
Cash at bank 21,301 6,734
80,225 44,275
CREDITORS
Amounts falling due within one year 6 32,768 23,389
NET CURRENT ASSETS 47,457 20,886
TOTAL ASSETS LESS CURRENT
LIABILITIES

50,432

24,132

PROVISIONS FOR LIABILITIES 7 565 617
NET ASSETS 49,867 23,515

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 49,767 23,415
SHAREHOLDERS' FUNDS 49,867 23,515

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 May 2025 and were signed by:



G Martin - Director


ASSIGN SYSTEMS LIMITED (REGISTERED NUMBER: 03066018)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Assign Systems Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the rate of the invoiced amount of consultancy services provided, net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

ASSIGN SYSTEMS LIMITED (REGISTERED NUMBER: 03066018)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 11,352
Additions 721
At 31 August 2024 12,073
DEPRECIATION
At 1 September 2023 8,106
Charge for year 992
At 31 August 2024 9,098
NET BOOK VALUE
At 31 August 2024 2,975
At 31 August 2023 3,246

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 23,094 22,114
Other debtors 35,830 15,427
58,924 37,541

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Taxation and social security 32,768 23,389

7. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax
Accelerated capital allowances 565 617

Deferred
tax
£   
Balance at 1 September 2023 617
Accelerated capital allowances (52 )
Balance at 31 August 2024 565

ASSIGN SYSTEMS LIMITED (REGISTERED NUMBER: 03066018)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
67 Ordinary A £1 67 67
33 Ordinary B £1 33 33
100 100

9. RESERVES
Retained
earnings
£   

At 1 September 2023 23,415
Profit for the year 98,352
Dividends (72,000 )
At 31 August 2024 49,767

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
G Martin
Balance outstanding at start of year 15,427 37,101
Amounts advanced 97,500 71,030
Amounts repaid (77,097 ) (92,704 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 35,830 15,427

The loan with the director is interest free and repayable on demand.

11. ULTIMATE CONTROLLING PARTY

The controlling party is G Martin.