Accountancy Services (Cheshire) Limited - Accounts to registrar (filleted) - small 22.3

Accountancy Services (Cheshire) Limited - Accounts to registrar (filleted) - small 22.3

ACCOUNTANCY SERVICES (CHESHIRE) LIMITED - Company Information

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REGISTERED NUMBER: 07312168 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

ACCOUNTANCY SERVICES (CHESHIRE) LIMITED
ACCOUNTANCY SERVICES (CHESHIRE) LIMITED (REGISTERED NUMBER: 07312168)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACCOUNTANCY SERVICES (CHESHIRE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: H J Smith
A D Smith





REGISTERED OFFICE: 205a Nantwich Road
Crewe
Cheshire
CW2 6DD





REGISTERED NUMBER: 07312168 (England and Wales)





ACCOUNTANTS: Private Client Services (NW) Limited
205a Nantwich Road
Crewe
Cheshire
CW2 6DD
Page 1
ACCOUNTANCY SERVICES (CHESHIRE) LIMITED (REGISTERED NUMBER: 07312168)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 107,683 127,883
Tangible assets 5 51,406 48,676
159,089 176,559

CURRENT ASSETS
Stocks 77,500 90,600
Debtors 6 114,271 80,813
Cash at bank and in hand 11,120 24,835
202,891 196,248
CREDITORS
Amounts falling due within one year 7 101,351 62,256
NET CURRENT ASSETS 101,540 133,992
TOTAL ASSETS LESS CURRENT
LIABILITIES
260,629
310,551

CREDITORS
Amounts falling due after more than
one year
8
109,366
146,000
NET ASSETS 151,263 164,551

The notes form part of these financial statements

Page 2 continued...
ACCOUNTANCY SERVICES (CHESHIRE) LIMITED (REGISTERED NUMBER: 07312168)

BALANCE SHEET - continued
31 MARCH 2022

2022 2021
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 151,163 164,451
SHAREHOLDERS' FUNDS 151,263 164,551

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 December 2022 and were signed on its behalf by:





H J Smith - Director


The notes form part of these financial statements

Page 3
ACCOUNTANCY SERVICES (CHESHIRE) LIMITED (REGISTERED NUMBER: 07312168)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022


1. STATUTORY INFORMATION

Accountancy Services (Cheshire) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 4 continued...
ACCOUNTANCY SERVICES (CHESHIRE) LIMITED (REGISTERED NUMBER: 07312168)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2021
and 31 March 2022 249,083
AMORTISATION
At 1 April 2021 121,200
Charge for year 20,200
At 31 March 2022 141,400
NET BOOK VALUE
At 31 March 2022 107,683
At 31 March 2021 127,883

Page 5 continued...
ACCOUNTANCY SERVICES (CHESHIRE) LIMITED (REGISTERED NUMBER: 07312168)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2021 96,736
Additions 7,090
At 31 March 2022 103,826
DEPRECIATION
At 1 April 2021 48,060
Charge for year 4,360
At 31 March 2022 52,420
NET BOOK VALUE
At 31 March 2022 51,406
At 31 March 2021 48,676

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 46,016 39,037
Amounts owed by group undertakings 66,269 39,279
Other debtors 1,986 2,497
114,271 80,813

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 990 4,129
Amounts owed to group undertakings 88,180 45,906
Taxation and social security 7,831 8,153
Other creditors 4,350 4,068
101,351 62,256

Page 6 continued...
ACCOUNTANCY SERVICES (CHESHIRE) LIMITED (REGISTERED NUMBER: 07312168)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2022 2021
£    £   
Bank loans 39,366 46,000
Other creditors 70,000 100,000
109,366 146,000

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 29,366 36,000

Page 7