Company Registration No. 06527411 (England and Wales)
ASC FINANCIAL SOLUTIONS LIMITED
Unaudited accounts
for the year ended 30 April 2017
ASC FINANCIAL SOLUTIONS LIMITED
Unaudited accounts
Contents
ASC FINANCIAL SOLUTIONS LIMITED
Company Information
for the year ended 30 April 2017
Company Number
06527411 (England and Wales)
Registered Office
19 SHIRWELL CRESCENT
FURZTON
MILTON KEYNES
MK4 1GA
ENGLAND
Accountants
Bidwell Accountancy Limited
122 Bidwell Hill
Houghton Regis
Dunstable
Bedfordshire
LU5 5EP
ASC FINANCIAL SOLUTIONS LIMITED
Statement of financial position
as at
30 April 2017
Intangible assets
97,400
140,100
Tangible assets
47,161
46,734
Investments
49,920
39,985
Cash at bank and in hand
105,944
48,253
Creditors: amounts falling due within one year
(55,871)
(10,752)
Net current assets
50,073
37,501
Total assets less current liabilities
244,554
264,320
Creditors: amounts falling due after more than one year
65,973
-
Net assets
310,527
264,320
Called up share capital
200
200
Profit and loss account
310,327
264,120
Shareholders' funds
310,527
264,320
For the year ending 30 April 2017 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 his 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.
Approved by the Board on 29 June 2017.
Adrian Cook
Director
Company Registration No. 06527411
ASC FINANCIAL SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 30 April 2017
ASC FINANCIAL SOLUTIONS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06527411. The registered office is 19 SHIRWELL CRESCENT, FURZTON, MILTON KEYNES, MK4 1GA, 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.
These financial statements for the year ended 30 April 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 May 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
Charge for the year
42,700
ASC FINANCIAL SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 30 April 2017
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2016
26,680
41,000
-
67,680
Additions
-
-
7,083
7,083
At 30 April 2017
26,680
41,000
7,083
74,763
At 1 May 2016
16,846
4,100
-
20,946
Charge for the year
2,459
3,831
366
6,656
At 30 April 2017
19,305
7,931
366
27,602
At 30 April 2017
7,375
33,069
6,717
47,161
At 30 April 2016
9,834
36,900
-
46,734
6
Investments
Other investments
Valuation at 1 May 2016
39,985
Valuation at 30 April 2017
49,920
7
Creditors: amounts falling due within one year
2017
2016
Trade creditors
11,310
5,216
Taxes and social security
38,977
23,867
Other creditors
3,381
(18,331)
Loans from directors
2,203
-
8
Creditors: amounts falling due after more than one year
2017
2016
Other creditors
(65,973)
-
9
Average number of employees
During the year the average number of employees was 0 (2016: 0).