Anchor Business Accounting Ltd
Anchor Business Accounting Ltd
Registered number: 4423453
Unaudited Financial Statements
For The Year Ended
31 March 2021
Anchor Business Accounting Ltd
David Herring ACIS (Director)
26 Suters Drive, Taverham
Norwich
Norfolk
NR8 6UU
Anchor Business Accounting Ltd
Unaudited Financial Statements
For The Year Ended
31 March 2021
Unaudited Financial Statements
Contents | |
Page | |
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Statement of Financial Position | 2—3 |
Notes to the Financial Statements | 4—5 |
Anchor Business Accounting Ltd
Statement of Financial Position
As at
31 March 2021
Statement of Financial Position
Registered number:
4423453
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
2021 | 2020 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 3 |
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CURRENT ASSETS | |||||
Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 4 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS/(LIABILITIES) |
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CAPITAL AND RESERVES | |||||
Called up share capital | 5 |
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Income Statement |
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SHAREHOLDERS' FUNDS | 851 | (356) | |||
Anchor Business Accounting Ltd
Statement of Financial Position (continued)
As at
31 March 2021
Directors' responsibilities:
-
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their 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. - The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Director
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The notes on pages 4 to 5 form part of these financial statements.
Anchor Business Accounting Ltd
Notes to the Financial Statements
For The Year Ended
31 March 2021
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer and other office equipment |
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1.4.
Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
2.
Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2020: 3)
3.
Tangible Assets
Computer and other office equipment | |
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£ | |
Cost | |
As at
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Additions |
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As at
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Depreciation | |
As at
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Provided during the period |
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As at
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Net Book Value | |
As at
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As at
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4.
Creditors: Amounts Falling Due Within One Year
2021 | 2020 | ||
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£ | £ | ||
Corporation tax |
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Other taxes and social security | - |
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Directors' loan accounts |
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Anchor Business Accounting Ltd
Notes to the Financial Statements (continued)
For The Year Ended
31 March 2021
6.
Directors Advances, Credits and Guarantees
Dividends paid to directors
2021 | 2020 | |
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£ | £ | |
Mr David Herring | 1,625 | 1,000 |
7.
Dividends
2021 | 2020 | ||
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£ | £ | ||
On equity shares: | |||
Interim dividend paid |
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3,185 | 1,960 | ||
8.
Ultimate Controlling Party
The company's ultimate controlling party is
Mr D E Herring
by virtue of his ownership of 51.02% of the issued share capital in the company.
9.
General Information
Anchor Business Accounting Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
4423453
. The registered office is 26 Suters Drive, Thorpe Marriott, Norwich, Norfolk, NR8 6UU.