Registered number
04724424
Accounting Systems Solutions Limited
Report and Unaudited Accounts
31 March 2025
TRUEMAN BROWN
CHARTERED ACCOUNTANTS
7 FOXGLOVE ROAD
SOUTH OCKENDON
ESSEX. RM15 6EU
Accounting Systems Solutions Limited
Report and accounts
Contents
Page
Company information 1
Directors' report 2
Chartered Accountants' report 3
Profit and loss account 4
Balance sheet 5
Statement of changes in equity 6
Notes to the accounts 7
Accounting Systems Solutions Limited
Company Information
Directors
Mrs J Daly
Accountants
Trueman Brown
7 Foxglove Road
South Ockendon
Essex
RM15 6EU
Registered office
7 Foxglove Road
South Ockendon
Essex
RM15 6EU
Registered number
04724424
Accounting Systems Solutions Limited
Registered number: 04724424
Directors' Report
The directors present their report and accounts for the year ended 31 March 2025.
Principal activities
The company's principal activity during the year continued to be the provision of accounting services.
Directors
The following persons served as directors during the year:
Mrs J Daly
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 20 May 2025 and signed on its behalf.
Mrs J Daly
Director
Accounting Systems Solutions Limited
Profit and Loss Account
for the year ended 31 March 2025
2025 2024
£ £
Turnover 7,148 7,710
Administrative expenses (5,304) (5,980)
Operating profit 1,844 1,730
Interest payable - (16)
Profit on ordinary activities before taxation 1,844 1,714
Tax on profit on ordinary activities (497) (468)
Profit for the financial year 1,347 1,246
Accounting Systems Solutions Limited
Registered number: 04724424
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Intangible assets 3 490 653
Tangible assets 4 1,460 1,947
1,950 2,600
Current assets
Debtors 5 - 1,224
Cash at bank and in hand 109 160
109 1,384
Creditors: amounts falling due within one year 6 (861) (3,633)
Net current liabilities (752) (2,249)
Net assets 1,198 351
Capital and reserves
Called up share capital 100 100
Profit and loss account 1,098 251
Shareholders' funds 1,198 351
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 J Daly
Director
Approved by the board on 20 May 2025
Accounting Systems Solutions Limited
Statement of Changes in Equity
for the year ended 31 March 2025
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 1 April 2023 100 - - 5 105
Profit for the financial year 1,246 1,246
Dividends (1,000) (1,000)
At 31 March 2024 100 - - 251 351
At 1 April 2024 100 - - 251 351
Profit for the financial year 1,347 1,347
Dividends (500) (500)
At 31 March 2025 100 - - 1,098 1,198
Accounting Systems Solutions 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).
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Computer equipment 25% on 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. 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Website:
Cost
At 1 April 2024 2,120
At 31 March 2025 2,120
Amortisation
At 1 April 2024 1,467
Provided during the year 163
At 31 March 2025 1,630
Net book value
At 31 March 2025 490
At 31 March 2024 653
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 12,112
At 31 March 2025 12,112
Depreciation
At 1 April 2024 10,165
Charge for the year 487
At 31 March 2025 10,652
Net book value
At 31 March 2025 1,460
At 31 March 2024 1,947
5 Debtors 2025 2024
£ £
Trade debtors - 1,224
6 Creditors: amounts falling due within one year 2025 2024
£ £
Corporation tax 497 468
Other creditors 364 3,165
861 3,633
7 Controlling party
The ultimate controlling party during this and the previous year is Mrs J Daly by virtue of controlling the entire share capital of the company.
8 Other information
Accounting Systems Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
7 Foxglove Road
South Ockendon
Essex
RM15 6EU
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