ACS Accounting (Berkshire) Limited,Ltd - AccountsLtd - Accounts

ACS ACCOUNTING (BERKSHIRE) LIMITED - Company Information

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Draft

ACS Accounting (Berkshire) Limited

Registered Number:05311762

For the year ended 31 December 2022

England and Wales

Unaudited Financial Statements

Draft

For the year ended 31 December 2022

ACS Accounting (Berkshire) Limited

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

Draft

Registered Number :

05311762

As at 31 December 2022

ACS Accounting (Berkshire) Limited

Statement of Financial Position

2021

2022

Notes

Fixed assets

Property, plant and equipment

1,196

260

1,196

260

Current assets

Trade and other receivables

59,093

64,303

66,474

Cash and cash equivalents

73,970

138,273

125,567

Trade and other payables: amounts falling due within one

year

(108,845)

(83,967)

16,722

54,306

Net current assets

Total assets less current liabilities

55,502

16,982

55,502

Net assets

16,982

Capital and reserves

Called up share capital

Retained earnings

55,500

16,980

55,502

16,982

Shareholders' funds

For the year ended 31 December 2022 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 of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of

each financial year and of its profit or loss for each financial year in accordance with the requirements of Section

394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial

statements, so far as applicable to the company.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Mr Simon Houseman Director

These financial statements were approved and authorised for issue by the Board on 16 September 2023 and were signed by:

The notes form part of these financial statements

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Draft

For the year ended 31 December 2022

ACS Accounting (Berkshire) Limited

Notes to the Financial Statements

Statutory Information

ACS Accounting (Berkshire) Limited is a private limited company, limited by shares, domiciled in England and Wales,

registration number 05311762.

Registered address:

Suite 3 Market House

19-21 Market Place

Wokingham

Berkshire

RG40 1AP

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

Revenue recognition

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

3 Year Straight line

Computer equipment

5 Year Straight line

Fixtures and fittings

Government grants

Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Hire purchase and leasing commitments

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

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Draft

For the year ended 31 December 2022

ACS Accounting (Berkshire) Limited

Notes to the Financial Statements Continued

2. Property, plant and equipment

Total

Computer

equipment

Fixtures and

fittings

Cost or

valuation

At 01 January 2022

1,664

974

690

1,495

Additions

(608)

Disposals

(608)

At 31 December 2022

690

1,861

2,551

Provision for depreciation and impairment

At 01 January 2022

1,404

852

552

Charge for year

559

421

138

(608)

On disposal

At 31 December 2022

1,355

665

690

At 31 December 2022

Net book value

1,196

At 31 December 2021

138

122

260

3. Trade and other receivables

2021

2022

Trade debtors

56,315

50,755

Other debtors

7,988

8,338

59,093

64,303

4. Trade and other payables: amounts falling due within one year

2021

2022

Bank loans and overdraft

615

402

Trade creditors

2,847

1,838

Taxation and social security

32,434

30,506

Other creditors

48,071

76,099

83,967

108,845

5. Guarantees and other financial commitments

6. Average number of persons employed

During the year the average number of employees was 4 (2021 : 4)

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