Auctus Design Ltd - Accounts to registrar (filleted) - small 23.1.5

REGISTERED NUMBER: 13282840 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st March 2023

for

Auctus Design Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S Cooke

Miss J De Vere Green

REGISTERED OFFICE:

8 Mill Hill

Shoreham-by-Sea

West Sussex

BN43 5TH

REGISTERED NUMBER:

13282840 (England and Wales)

ACCOUNTANTS:

Cloud Concepts Accounting Ltd

8 Mill Hill

Shoreham By Sea

West Sussex

BN43 5TH

FIXED ASSETS

Tangible assets

4

455

683

CURRENT ASSETS

Debtors

5

-

1,460

Cash at bank

1,234

406

1,234

1,866

CREDITORS

Amounts falling due within one year

6

(808

)

(1,934

)

NET CURRENT ASSETS/(LIABILITIES)

426

(68

)

TOTAL ASSETS LESS CURRENT LIABILITIES

881

615

PROVISIONS FOR LIABILITIES

7

(86

)

(130

)

NET ASSETS

795

485

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

793

483

795

485

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 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 19th July 2023 and were signed on its behalf by:

Mr S Cooke - Director

Miss J De Vere Green - Director

1.	STATUTORY INFORMATION

Auctus Design Ltd 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.

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

-

33% on cost

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.

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 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2022

and 31st March 2023

911

DEPRECIATION

At 1st April 2022

228

Charge for year

228

At 31st March 2023

456

NET BOOK VALUE

At 31st March 2023

455

At 31st March 2022

683

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

-

1,460

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Taxation and social security

162

172

Other creditors

646

1,762

808

1,934

7.	PROVISIONS FOR LIABILITIES

2023

2022

£

£

Deferred tax

86

130

Deferred

tax

£

Balance at 1st April 2022

130

Capital allowances in advance

(44

)

of depreciation

Balance at 31st March 2023

86