Registered number
08462941
Underhill Associates Limited
Unaudited Filleted Accounts
31 March 2025
Underhill Associates Limited
Registered number: 08462941
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 1,290 1,513
Current assets
Debtors 4 9,301 6,565
Cash at bank and in hand 123,218 127,258
132,519 133,823
Creditors: amounts falling due within one year 5 (36,671) (8,238)
Net current assets 95,848 125,585
Net assets 97,138 127,098
Capital and reserves
Called up share capital 2 2
Profit and loss account 97,136 127,096
Shareholders' funds 97,138 127,098
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.
Mrs S Underhill
Director
Approved by the board on 29 May 2025
Underhill Associates Limited
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 (as applied to small entities by section 1A of the standard).
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 over its expected useful life, as follows:
Equipment 25% 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). 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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. No provision for deferred tax has been made since the directors are of the opinion that no liability will crystallise in the foreseeable future.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Equipment
£
Cost
At 1 April 2024 4,422
Additions 252
Disposals (150)
At 31 March 2025 4,524
Depreciation
At 1 April 2024 2,909
Charge for the year 427
On disposals (102)
At 31 March 2025 3,234
Net book value
At 31 March 2025 1,290
At 31 March 2024 1,513
4 Debtors 2025 2024
£ £
Trade debtors 9,301 6,565
5 Creditors: amounts falling due within one year 2025 2024
£ £
Taxation and social security costs 1,395 4,850
Other creditors 35,276 3,388
36,671 8,238
6 Other information
Underhill Associates Limited is a private company limited by shares and incorporated in England. Its registered office is:
Beckets Court
Fairfield
Romney Marsh
TN29 9RZ
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