Company Registration No. 06527411 (England and Wales)
ASC FINANCIAL SOLUTIONS LIMITED
Unaudited accounts
for the year ended 30 April 2023
ASC FINANCIAL SOLUTIONS LIMITED
Unaudited accounts
Contents
ASC FINANCIAL SOLUTIONS LIMITED
Company Information
for the year ended 30 April 2023
Company Number
06527411 (England and Wales)
Registered Office
19 SHIRWELL CRESCENT
FURZTON
MILTON KEYNES
MK4 1GA
ENGLAND
Accountants
Bidwell Accountancy Limited
655 Milton Keynes Business Centre
Foxhunter Drive
Milton Keynes
Buckinghamshire
MK14 6GD
ASC FINANCIAL SOLUTIONS LIMITED
Statement of financial position
as at 30 April 2023
Tangible assets
81,127
145,399
Cash at bank and in hand
265,420
200,388
Creditors: amounts falling due within one year
(198,851)
(194,200)
Net current assets
66,569
6,188
Total assets less current liabilities
147,696
151,587
Creditors: amounts falling due after more than one year
(76,794)
(97,361)
Provisions for liabilities
Called up share capital
200
200
Profit and loss account
70,702
53,272
Shareholders' funds
70,902
53,472
For the year ending 30 April 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 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.
The financial statements were approved by the Board and authorised for issue on 23 May 2023 and were signed on its behalf by
Adrian Cook
Director
Company Registration No. 06527411
ASC FINANCIAL SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 30 April 2023
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.
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.
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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Grant recognition policy adopted under Accruals Model.
Coronavirus Job retention Scheme ? £64,078.49
All conditions and contingencies have been met for the grant(s). The entity has not benefitted from any other government assistance schemes.
ASC FINANCIAL SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 30 April 2023
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 May 2022
26,680
151,334
-
18,506
196,520
Additions
-
-
9,672
1,210
10,882
Disposals
-
(48,000)
-
(1,898)
(49,898)
At 30 April 2023
26,680
103,334
9,672
17,818
157,504
At 1 May 2022
26,729
16,094
-
8,298
51,121
Charge for the year
15,484
10,203
776
3,993
30,456
On disposals
-
(5,200)
-
-
(5,200)
At 30 April 2023
42,213
21,097
776
12,291
76,377
At 30 April 2023
(15,533)
82,237
8,896
5,527
81,127
At 30 April 2022
(49)
135,240
-
10,208
145,399
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
10,000
10,000
Obligations under finance leases and hire purchase contracts
10,567
10,567
Trade creditors
40,866
30,226
Taxes and social security
133,106
136,855
Other creditors
4,312
6,552
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
55,127
65,694
ASC FINANCIAL SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 30 April 2023
8
Average number of employees
During the year the average number of employees was 10 (2022: 12).