Assetiq Ltd - Period Ending 2020-08-31

Assetiq Ltd - Period Ending 2020-08-31


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Registration number: NI073464

Assetiq Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 August 2020

 

Assetiq Ltd

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Unaudited Financial Statements

4

 

Assetiq Ltd

Company Information

Directors

Mr Stephen Seawright

Mrs Christine Seawright

Registered office

52 Donaghadee Road
Bangor
Co Down
BT20 4QO

Accountants

Hamilton Morris Waugh
Chartered Accountants
34 Dufferin Avenue
Bangor
Down
BT20 3AA

 

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Assetiq Ltd
for the Year Ended 31 August 2020

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Assetiq Ltd for the year ended 31 August 2020 as set out on pages 3 to 3 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in Ireland (ICAI), we are subject to its ethical and other professional requirements.

This report is made solely to the Board of Directors of Assetiq Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Assetiq Ltd and state those matters that we have agreed to state to the Board of Directors of Assetiq Ltd, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Assetiq Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Assetiq Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Assetiq Ltd. You consider that Assetiq Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Assetiq Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Hamilton Morris Waugh
Chartered Accountants
34 Dufferin Avenue
Bangor
Down
BT20 3AA

25 May 2021

 

Assetiq Ltd

(Registration number: NI073464)
Balance Sheet as at 31 August 2020

2020
£

2019
£

Fixed assets

459

612

Current assets

1,187

3,109

Creditors: Amounts falling due within one year

(1,887)

(187)

Net current (liabilities)/assets

(700)

2,922

Total assets less current liabilities

(241)

3,534

Accruals and deferred income

(720)

(720)

 

(961)

2,814

Capital and reserves

(961)

2,814

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 31 August 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the Board on 25 May 2021 and signed on its behalf by:
 

.........................................

Mr Stephen Seawright
Director

 

Assetiq Ltd

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
52 Donaghadee Road
Bangor
Co Down
BT20 4QO
Northern Ireland

These financial statements were authorised for issue by the Board on 25 May 2021.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2019 - 1).