Ascona Computer Services Limited Filleted accounts for Companies House (small and micro)

ASCONA COMPUTER SERVICES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 02470752

ASCONA COMPUTER SERVICES LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

30 June 2022

ASCONA COMPUTER SERVICES LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2022

Contents	Pages

Balance sheet 1

Notes to the financial statements 2 to 3

ASCONA COMPUTER SERVICES LIMITED

BALANCE SHEET

30 June 2022

	2022	2021
Note	£	£

Fixed assets

Tangible assets	4	1	1

Current assets

Cash at bank and in hand	88,439	79,837

Creditors: amounts falling due within one year	5	( 867)	( 428)
		------------	------------
Net current assets		87,572	79,409
		------------	------------
Total assets less current liabilities		87,573	79,410
		------------	------------
Net assets		87,573	79,410
		------------	------------

Capital and reserves

Called up share capital	6	10	10
Profit and loss account		87,563	79,400
		------------	------------
Shareholders funds		87,573	79,410
		------------	------------

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 profit and loss account has not been delivered.

For the year ending 30 June 2022 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 were approved by the board of directors and authorised for issue on 1 September 2022 , and are signed on behalf of the board by:

Mr D J Scott

Director

Company registration number: 02470752

ASCONA COMPUTER SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 JUNE 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 32 Cedar Field, Clayton-le-woods, Chorley, Lancashire, PR6 7RW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and 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:

	Computer equipment	-	33% straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Tangible assets

	Computer equipment
	£
Cost
At 1 July 2021 and 30 June 2022	5,134
	------------
Depreciation
At 1 July 2021 and 30 June 2022	5,133
	------------
Carrying amount
At 30 June 2022	1
	------------
At 30 June 2021	1
	------------

5. Creditors: amounts falling due within one year

	2022	2021
	£	£
Accruals and deferred income	420	420
Corporation tax	439	–
Director loan accounts	8	8
	------------	------------
	867	428
	------------	------------

6. Called up share capital

Issued, called up and fully paid

	2022		2021
	No.	£	No.	£
Ordinary shares of £ 1 each	10	10	10	10
	------------	------------	------------	------------

7. Related party transactions

The directors' loan of £8 (2021: £8) set out above is unsecured, repayable on demand and currently interest free. The company is controlled by the directors.