Assure Compliance Services Ltd NI681308 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is that of compliance services Digita Accounts Production Advanced 6.30.9574.0 true NI681308 2024-04-01 2025-03-31 NI681308 2025-03-31 NI681308 bus:OrdinaryShareClass1 2025-03-31 NI681308 bus:OrdinaryShareClass2 2025-03-31 NI681308 core:HirePurchaseContracts core:CurrentFinancialInstruments 2025-03-31 NI681308 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2025-03-31 NI681308 core:CurrentFinancialInstruments 2025-03-31 NI681308 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 NI681308 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 NI681308 core:FurnitureFittingsToolsEquipment 2025-03-31 NI681308 core:MotorVehicles 2025-03-31 NI681308 core:OtherPropertyPlantEquipment 2025-03-31 NI681308 bus:SmallEntities 2024-04-01 2025-03-31 NI681308 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 NI681308 bus:FilletedAccounts 2024-04-01 2025-03-31 NI681308 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 NI681308 bus:RegisteredOffice 2024-04-01 2025-03-31 NI681308 bus:Director1 2024-04-01 2025-03-31 NI681308 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 NI681308 bus:OrdinaryShareClass2 2024-04-01 2025-03-31 NI681308 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 NI681308 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 NI681308 core:MotorVehicles 2024-04-01 2025-03-31 NI681308 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 NI681308 core:PlantMachinery 2024-04-01 2025-03-31 NI681308 countries:NorthernIreland 2024-04-01 2025-03-31 NI681308 2024-03-31 NI681308 core:FurnitureFittingsToolsEquipment 2024-03-31 NI681308 core:MotorVehicles 2024-03-31 NI681308 core:OtherPropertyPlantEquipment 2024-03-31 NI681308 2023-07-01 2024-03-31 NI681308 2024-03-31 NI681308 bus:OrdinaryShareClass1 2024-03-31 NI681308 bus:OrdinaryShareClass2 2024-03-31 NI681308 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-03-31 NI681308 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-03-31 NI681308 core:CurrentFinancialInstruments 2024-03-31 NI681308 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 NI681308 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 NI681308 core:FurnitureFittingsToolsEquipment 2024-03-31 NI681308 core:MotorVehicles 2024-03-31 NI681308 core:OtherPropertyPlantEquipment 2024-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI681308

Assure Compliance Services Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Assure Compliance Services Ltd

(Registration number: NI681308)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

7,799

8,770

Current assets

 

Debtors

5

47,191

20,550

Cash at bank and in hand

 

37,141

8,255

 

84,332

28,805

Creditors: Amounts falling due within one year

6

(67,984)

(20,759)

Net current assets

 

16,348

8,046

Total assets less current liabilities

 

24,147

16,816

Creditors: Amounts falling due after more than one year

6

(2,760)

(5,738)

Net assets

 

21,387

11,078

Capital and reserves

 

Called up share capital

8

200

200

Retained earnings

21,187

10,878

Shareholders' funds

 

21,387

11,078

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 July 2025 and signed on its behalf by:
 

.........................................
Mr Thomas Martin
Director

 

Assure Compliance Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: The Hatchery NI, Unit 19, Antrim Enterprise Park, 58 Greystone Road, Antrim, Co. Antrim, BT41 1JZ.

These financial statements were authorised for issue by the Board on 18 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Assure Compliance Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

20% reducing balance

Motor vehicles

20% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Short-term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in operating expenses.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Assure Compliance Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2024 - 3).

 

Assure Compliance Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2024

-

8,750

390

9,140

Additions

999

-

-

999

At 31 March 2025

999

8,750

390

10,139

Depreciation

At 1 April 2024

-

292

78

370

Charge for the year

200

1,692

78

1,970

At 31 March 2025

200

1,984

156

2,340

Carrying amount

At 31 March 2025

799

6,766

234

7,799

At 31 March 2024

-

8,458

312

8,770

5

Debtors

2025
£

2024
£

Trade debtors

46,741

1,076

Prepayments

450

-

Other debtors

-

19,474

 

47,191

20,550

 

Assure Compliance Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Loans and borrowings

7

2,978

2,612

Taxation and social security

 

36,851

7,583

Accruals and deferred income

 

2,938

1,200

Other creditors

 

25,217

9,364

 

67,984

20,759

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

7

2,760

5,738

7

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Hire purchase contracts

2,760

5,738

Current loans and borrowings

2025
£

2024
£

Hire purchase contracts

2,978

2,612

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary 'A' shares of £1 each

100

100

100

100

Ordinary 'B' shares of £1 each

100

100

100

100

200

200

200

200