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Company Registration No. 12778584 (England and Wales)
Asset Accounting (Swindon) Ltd Unaudited accounts for the year ended 31 December 2024
Asset Accounting (Swindon) Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Asset Accounting (Swindon) Ltd Company Information for the year ended 31 December 2024
Director
Emma Goodwin
Company Number
12778584 (England and Wales)
Registered Office
11-12 Market Place Faringdon Oxfordshire SN7 7HP England
Accountants
Asset Accounting (Swindon) Ltd Second Floor 11-12 Market Place Faringdon Oxfordshire SN7 7HP
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Asset Accounting (Swindon) Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
4
21,000 
24,000 
Tangible assets
5
744 
1,250 
21,744 
25,250 
Current assets
Debtors
6
3,791 
3,389 
Cash at bank and in hand
2,133 
795 
5,924 
4,184 
Creditors: amounts falling due within one year
7
(23,044)
(29,321)
Net current liabilities
(17,120)
(25,137)
Net assets
4,624 
113 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
4,524 
13 
Shareholders' funds
4,624 
113 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 December 2025 and were signed on its behalf by
Emma Goodwin Director Company Registration No. 12778584
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Asset Accounting (Swindon) Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Asset Accounting (Swindon) Ltd is a private company, limited by shares, registered in England and Wales, registration number 12778584. The registered office is 11-12 Market Place, Faringdon, Oxfordshire, SN7 7HP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% sl
Other tangible fixed assets
20% rb
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 January 2024
30,000 
At 31 December 2024
30,000 
Amortisation
At 1 January 2024
6,000 
Charge for the year
3,000 
At 31 December 2024
9,000 
Net book value
At 31 December 2024
21,000 
At 31 December 2023
24,000 
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Asset Accounting (Swindon) Ltd Notes to the Accounts for the year ended 31 December 2024
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
100 
1,936 
2,036 
Additions
- 
200 
200 
At 31 December 2024
100 
2,136 
2,236 
Depreciation
At 1 January 2024
74 
712 
786 
Charge for the year
26 
680 
706 
At 31 December 2024
100 
1,392 
1,492 
Net book value
At 31 December 2024
- 
744 
744 
At 31 December 2023
26 
1,224 
1,250 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,791 
3,389 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
1,102 
1,093 
Taxes and social security
3,085 
2,029 
Other creditors
1,091 
- 
Loans from directors
2,116 
13,682 
Accruals
5,000 
6,000 
Deferred income
10,650 
6,517 
23,044 
29,321 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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