Assured 24 Ltd - Period Ending 2019-03-31

Registration number: SC356356

Assured 24 Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2019

Accountants Plus
Chartered Certified Accountants
Upper Floor, Unit 1
82 Muir Street
Hamilton
Lanarkshire
ML3 6BJ

Assured 24 Ltd

Contents

Company Information	1
Director's Report	2
Statement of Director's Responsibilities	3
Statement of Financial Position	4 to 5
Notes to the Financial Statements	5

Assured 24 Ltd

Company Information

Director

Mr Vitali Racikauskas

Company secretary

Mrs Irina Racicauschene

Registered office

Wellpark Enterprise Centre 120 Sydney Street Glasgow G31 1JF

Accountants

Accountants Plus Chartered Certified Accountants Upper Floor, Unit 1 82 Muir Street Hamilton Lanarkshire ML3 6BJ

Page 1

Assured 24 Ltd

Director's Report for the Year Ended 31 March 2019

The director presents his report and the financial statements for the year ended 31 March 2019.

This report has been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.

Director of the company

The director who held office during the year was as follows:

Mr Vitali Racikauskas

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the director on 12 June 2019 and signed on its behalf by:

.........................................
Mr Vitali Racikauskas
Director

Page 2

Assured 24 Ltd

Statement of Director's Responsibilities

The director acknowledges his responsibilities for preparing the report and financial statements in accordance with the Companies Act 2006, and all applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

•	select suitable accounting policies and apply them consistently;

•	make judgements and accounting estimates that are reasonable and prudent;

•	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006 and are in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 3

Assured 24 Ltd

(Registration number: SC356356)
Statement of Financial Position as at 31 March 2019

	2019 £	2018 £
Fixed assets	18,217	6,537
Current assets	111,182	77,986
Prepayments and accrued income	3,395	3,702
Creditors: Amounts falling due within one year	(49,378)	(19,807)
Net current assets	65,199	61,881
Total assets less current liabilities	83,416	68,418
Accruals and deferred income	(1,017)	(1,017)
	82,399	67,401
Capital and reserves	82,399	67,401

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 31 March 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the director on 12 June 2019
 

.........................................

Mr Vitali Racikauskas
Director

Page 4

Assured 24 Ltd

(Registration number: SC356356)
Statement of Financial Position as at 31 March 2019

1	General information

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

The address of its registered office is:
Wellpark Enterprise Centre
120 Sydney Street
Glasgow
G31 1JF

These financial statements were authorised for issue by the director on 12 June 2019.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 11 (2018 - 9).

3	Related party transactions

Transactions with directors

2019	At 1 April 2018 £	Advances to directors £	At 31 March 2019 £
Mr Vitali Racikauskas
Director Loan Account	12	16,564	16,575

2018	At 1 April 2017 £	Advances to directors £	At 31 March 2018 £
Mr Vitali Racikauskas
Director Loan Account	7,979	(7,967)	12

Page 5