Company Registration No. 06527411 (England and Wales)
ASC FINANCIAL SOLUTIONS LIMITED
Unaudited accounts
for the year ended 30 April 2021
ASC FINANCIAL SOLUTIONS LIMITED
Unaudited accounts
Contents
ASC FINANCIAL SOLUTIONS LIMITED
Company Information
for the year ended 30 April 2021
Company Number
06527411 (England and Wales)
Registered Office
19 SHIRWELL CRESCENT
FURZTON
MILTON KEYNES
MK4 1GA
ENGLAND
Accountants
Bidwell Accountancy Limited
Suite 79
Foxhunter Drive
Milton Keynes
Buckinghamshire
MK14 6GD
ASC FINANCIAL SOLUTIONS LIMITED
Statement of financial position
as at
30 April 2021
Tangible assets
491,248
119,933
Investments
309,334
275,430
Cash at bank and in hand
229,051
253,690
Creditors: amounts falling due within one year
(184,993)
13,707
Net current assets
586,262
545,197
Total assets less current liabilities
1,077,510
665,130
Creditors: amounts falling due after more than one year
63,473
63,473
Provisions for liabilities
Net assets
1,136,434
728,603
Called up share capital
200
200
Profit and loss account
1,136,234
728,403
Shareholders' funds
1,136,434
728,603
For the year ending 30 April 2021 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 22 July 2021 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 2021
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 2021
4
Intangible fixed assets
Other
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 May 2020
-
26,680
138,798
12,656
178,134
Additions
370,000
-
48,000
2,704
420,704
Disposals
-
-
(40,000)
-
(40,000)
At 30 April 2021
370,000
26,680
146,798
15,360
558,838
At 1 May 2020
-
23,568
29,962
4,671
58,201
Charge for the year
-
778
6,769
1,842
9,389
At 30 April 2021
-
24,346
36,731
6,513
67,590
At 30 April 2021
370,000
2,334
110,067
8,847
491,248
At 30 April 2020
-
3,112
108,836
7,985
119,933
6
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
2,370
2,370
7
Investments held as current assets
2021
2020
Listed investments
309,334
275,430
ASC FINANCIAL SOLUTIONS LIMITED
Notes to the Accounts
for the year ended 30 April 2021
8
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
50,000
-
Trade creditors
18,470
11,797
Taxes and social security
108,501
88,611
Other creditors
8,022
(118,615)
Loans from directors
-
4,500
9
Creditors: amounts falling due after more than one year
2021
2020
Other creditors
(63,473)
(63,473)
10
Average number of employees
During the year the average number of employees was 17 (2020: 17).