IRIS Accounts Production v25.1.3.33 05659441 director 1.1.24 31.12.24 31.12.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh056594412023-12-31056594412024-12-31056594412024-01-012024-12-31056594412022-12-31056594412023-01-012023-12-31056594412023-12-3105659441ns15:EnglandWales2024-01-012024-12-3105659441ns14:PoundSterling2024-01-012024-12-3105659441ns10:Director12024-01-012024-12-3105659441ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3105659441ns10:SmallEntities2024-01-012024-12-3105659441ns10:AuditExemptWithAccountantsReport2024-01-012024-12-3105659441ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3105659441ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3105659441ns10:FullAccounts2024-01-012024-12-310565944112024-01-012024-12-3105659441ns10:OrdinaryShareClass12024-01-012024-12-3105659441ns10:CompanySecretary12024-01-012024-12-3105659441ns10:RegisteredOffice2024-01-012024-12-3105659441ns5:CurrentFinancialInstruments2024-12-3105659441ns5:CurrentFinancialInstruments2023-12-3105659441ns5:Non-currentFinancialInstruments2024-12-3105659441ns5:Non-currentFinancialInstruments2023-12-3105659441ns5:ShareCapital2024-12-3105659441ns5:ShareCapital2023-12-3105659441ns5:RetainedEarningsAccumulatedLosses2024-12-3105659441ns5:RetainedEarningsAccumulatedLosses2023-12-3105659441ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-01-012024-12-3105659441ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-12-3105659441ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-12-3105659441ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-12-3105659441ns5:PlantMachinery2023-12-3105659441ns5:FurnitureFittings2023-12-3105659441ns5:ComputerEquipment2023-12-3105659441ns5:PlantMachinery2024-01-012024-12-3105659441ns5:FurnitureFittings2024-01-012024-12-3105659441ns5:ComputerEquipment2024-01-012024-12-3105659441ns5:PlantMachinery2024-12-3105659441ns5:FurnitureFittings2024-12-3105659441ns5:ComputerEquipment2024-12-3105659441ns5:PlantMachinery2023-12-3105659441ns5:FurnitureFittings2023-12-3105659441ns5:ComputerEquipment2023-12-3105659441ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-12-3105659441ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3105659441ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 05659441 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Assess Management Limited

Assess Management Limited (Registered number: 05659441)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Assess Management Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: K Tibbs





SECRETARY: A S Mitchell





REGISTERED OFFICE: The Granary
Crowhill Farm
Ravensden Road
Wilden, Bedford
MK44 2QS





REGISTERED NUMBER: 05659441 (England and Wales)





ACCOUNTANTS: GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS

Assess Management Limited (Registered number: 05659441)

Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 78,043 73,738
Tangible assets 5 435 779
78,478 74,517

CURRENT ASSETS
Debtors 6 1,032 4,460
Cash at bank 43,100 36,580
44,132 41,040
CREDITORS
Amounts falling due within one year 7 119,071 117,828
NET CURRENT LIABILITIES (74,939 ) (76,788 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,539 (2,271 )

CREDITORS
Amounts falling due after more than one year 8 (1,000 ) (3,000 )

PROVISIONS FOR LIABILITIES (11,367 ) (9,938 )
NET LIABILITIES (8,828 ) (15,209 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (8,928 ) (15,309 )
SHAREHOLDERS' FUNDS (8,828 ) (15,209 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Assess Management Limited (Registered number: 05659441)

Statement of Financial Position - continued
31 December 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 May 2025 and were signed by:





K Tibbs - Director


Assess Management Limited (Registered number: 05659441)

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

1. STATUTORY INFORMATION

Assess Management 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.

There were no material departures from that standard.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services
Revenue from IT training consultancy and development is recognised when work has been completed.

Development costs
Development costs are written off in the year in which they are incurred, unless the directors are satisfied as to the technical, commercial and financial viability of the individual projects. In this situation, the expenditure is deferred and amortised over five years, the period during which the company is expected to benefit.

Tangible fixed assets
Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows:

Plant & Machinery - 20% on cost
Fixtures & fittings - 25% on cost
Computer equipment - 33% on cost

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 taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

Assess Management Limited (Registered number: 05659441)

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

4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 January 2024 315,620
Additions 34,117
At 31 December 2024 349,737
AMORTISATION
At 1 January 2024 241,882
Amortisation for year 29,812
At 31 December 2024 271,694
NET BOOK VALUE
At 31 December 2024 78,043
At 31 December 2023 73,738

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 5,888 440 3,088 9,416
DEPRECIATION
At 1 January 2024 5,204 440 2,993 8,637
Charge for year 249 - 95 344
At 31 December 2024 5,453 440 3,088 8,981
NET BOOK VALUE
At 31 December 2024 435 - - 435
At 31 December 2023 684 - 95 779

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 1,032 4,460

Assess Management Limited (Registered number: 05659441)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 2,000 2,000
Trade creditors 120 128
Social security and other taxes 24 (258 )
VAT 8,400 6,954
Directors' current accounts 106,060 106,562
Accrued expenses 2,467 2,442
119,071 117,828

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans - 1-5 years 1,000 3,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

The amount outstanding at the year-end to Mr K Tibbs is £106,060 (2023 - £106,562).

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Assess Management Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Assess Management Limited for the year ended 31 December 2024 which comprise the Income Statement, Other Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Assess Management Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Assess Management Limited and state those matters that we have agreed to state to the director of Assess Management Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Assess Management Limited and its director for our work or for this report.

It is your duty to ensure that Assess Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Assess Management Limited. You consider that Assess Management Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Assess Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






GREGORY WILDMAN
The Granary
Crowhill Farm
Ravensden Road
Wilden
Bedfordshire
MK44 2QS


28 May 2025