Company Registration No. 06674434 (England and Wales)
Needham Accountancy Limited
Unaudited accounts
for the year ended 31 July 2023
Needham Accountancy Limited
Unaudited accounts
Contents
Needham Accountancy Limited
Company Information
for the year ended 31 July 2023
Director
Elizabeth Needham
Company Number
06674434 (England and Wales)
Registered Office
BERKELEY HOUSE BARNET ROAD
LONDON COLNEY
ST. ALBANS
AL2 1BG
ENGLAND
Needham Accountancy Limited
Statement of financial position
as at 31 July 2023
Cash at bank and in hand
810
382
Creditors: amounts falling due within one year
(26,935)
(18,817)
Net current liabilities
(8,208)
(15,893)
Net liabilities
(8,558)
(15,073)
Profit and loss account
(8,608)
(15,123)
Shareholders' funds
(8,558)
(15,073)
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 April 2024 and were signed on its behalf by
Elizabeth Needham
Director
Company Registration No. 06674434
Needham Accountancy Limited
Notes to the Accounts
for the year ended 31 July 2023
Needham Accountancy Limited is a private company, limited by shares, registered in England and Wales, registration number 06674434. The registered office is BERKELEY HOUSE BARNET ROAD, LONDON COLNEY, ST. ALBANS, AL2 1BG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.33% straight line
Fixtures & fittings
33.33% straight line
Computer equipment
33.33% straight line
After making enquiries, the directors have a reasonable expectation that the company and the group have adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in
preparing the annual report and accounts.
Needham Accountancy Limited
Notes to the Accounts
for the year ended 31 July 2023
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
1,733
2,665
8,703
13,101
At 31 July 2023
1,733
2,665
8,703
13,101
At 1 August 2022
1,715
2,331
8,235
12,281
Charge for the year
18
334
818
1,170
At 31 July 2023
1,733
2,665
9,053
13,451
At 31 July 2023
-
-
(350)
(350)
At 31 July 2022
18
334
468
820
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
23,959
16,878
Taxes and social security
1,355
978
Loans from directors
1,621
961
7
Average number of employees
During the year the average number of employees was 2 (2022: 3).
