Registered number
10333536
Accountancy Exam Masters Limited
Report and Accounts
31 March 2025
Accountancy 4 Success Limited
Accountants and Business Advisors
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP
Accountancy Exam Masters Limited
Registered number: 10333536
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 402,768 413,636
Current assets
Debtors 4 87,654 598,190
Cash at bank and in hand 96,329 177,573
183,983 775,763
Creditors: amounts falling due within one year 5 (429,982) (321,550)
Net current (liabilities)/assets (245,999) 454,213
Total assets less current liabilities 156,769 867,849
Provisions for liabilities (1,986) (3,496)
Net assets 154,783 864,353
Capital and reserves
Called up share capital 2 2
Profit and loss account 154,781 864,351
Shareholders' funds 154,783 864,353
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.
Kieran Doe
Director
Approved by the board on 23 May 2025
Accountancy Exam Masters 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.
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.
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:
Plant and machinery 25% straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2024 390,000 43,471 433,471
At 31 March 2025 390,000 43,471 433,471
Depreciation
At 1 April 2024 - 19,835 19,835
Charge for the year - 10,868 10,868
At 31 March 2025 - 30,703 30,703
Net book value
At 31 March 2025 390,000 12,768 402,768
At 31 March 2024 390,000 23,636 413,636
4 Debtors 2025 2024
£ £
Trade debtors 87,654 93,957
Amounts owed by group undertakings and undertakings in which the company has a participating interest - 504,233
87,654 598,190
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts - -
Trade creditors 19,910 13,475
Amounts owed to group undertakings and undertakings in which the company has a participating interest 60,101 -
Corporation tax 300,339 234,648
Other taxes and social security costs 49,632 39,327
Other creditors - 34,100
429,982 321,550
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