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Company registration number: 13928047
AUTO-ASSESS COMPLIANCE LTD
Unaudited filleted financial statements
31 March 2025
AUTO-ASSESS COMPLIANCE LTD
Contents
Statement of financial position
Notes to the financial statements
AUTO-ASSESS COMPLIANCE LTD
Statement of financial position
31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 5 106,346 1,923
_______ _______
106,346 1,923
Current assets
Debtors 6 351,399 295,428
Cash at bank and in hand 83,298 145,521
_______ _______
434,697 440,949
Creditors: amounts falling due
within one year 7 ( 267,271) ( 349,708)
_______ _______
Net current assets 167,426 91,241
_______ _______
Total assets less current liabilities 273,772 93,164
Creditors: amounts falling due
after more than one year 8 ( 67,200) -
Provisions for liabilities ( 26,587) ( 506)
_______ _______
Net assets 179,985 92,658
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 179,983 92,656
_______ _______
Shareholders funds 179,985 92,658
_______ _______
For the 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 financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 21 October 2025 , and are signed on behalf of the board by:
Mr B P McMahon
Director
Company registration number: 13928047
AUTO-ASSESS COMPLIANCE LTD
Notes to the financial statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Minerva Mill Innovation Centre, Station Road, Alcester, Warwickshire, B49 5ET.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 25 % straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2024: 4 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 April 2024 2,572 2,572
Additions 127,612 127,612
Disposals ( 333) ( 333)
_______ _______
At 31 March 2025 129,851 129,851
_______ _______
Depreciation
At 1 April 2024 650 650
Charge for the year 22,903 22,903
Disposals ( 48) ( 48)
_______ _______
At 31 March 2025 23,505 23,505
_______ _______
Carrying amount
At 31 March 2025 106,346 106,346
_______ _______
At 31 March 2024 1,922 1,922
_______ _______
6. Debtors
2025 2024
£ £
Trade debtors 216,251 242,395
Other debtors 135,148 53,033
_______ _______
351,399 295,428
_______ _______
7. Creditors: amounts falling due within one year
2025 2024
£ £
Trade creditors 74,424 108,622
Corporation tax 80,189 112,323
Social security and other taxes 82,041 95,344
Other creditors 30,617 33,419
_______ _______
267,271 349,708
_______ _______
8. Creditors: amounts falling due after more than one year
2025 2024
£ £
Other creditors 67,200 -
_______ _______
9. Directors advances, credits and guarantees
As at 31 March 2025 the directors of the company, Mr B P McMahon and Miss K T Donnelly, were owed the sum of £749 (2024: £317) by the company, this is an interest free loan.
10. Controlling party
The company is controlled by its directors, Mr B P McMahon and Miss K T Donnelly, by virtue of their shareholdings.