Andredsweald Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02780424 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

FOR

ANDREDSWEALD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

C V Petley

REGISTERED OFFICE:

Old Hungerden

Green Lane

Frittenden

Kent

TN17 2EG

REGISTERED NUMBER:

02780424 (England and Wales)

ACCOUNTANTS:

Cassidys Chartered Accountants

South Stour Offices

Roman Road

Mersham

Ashford

Kent

TN25 7HS

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3,698

5,052

3,698

5,052

CURRENT ASSETS

Debtors

6

12,751

12,730

Cash at bank and in hand

26,105

49,350

38,856

62,080

CREDITORS

Amounts falling due within one year

7

22,615

23,371

NET CURRENT ASSETS

16,241

38,709

TOTAL ASSETS LESS CURRENT LIABILITIES

19,939

43,761

PROVISIONS FOR LIABILITIES

8

703

960

NET ASSETS

19,236

42,801

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

19,235

42,800

SHAREHOLDERS' FUNDS

19,236

42,801

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

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

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

The financial statements were approved by the director on 18 December 2019 and were signed by:

C V Petley - Director

1.	STATUTORY INFORMATION

Andredsweald Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less

any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Intangible fixed assets

Intangible fixed assets relate to the cost of training and related expenditure for Mr Petley's MSC course in

property and conservation. The company commenced activities in this area in October 2008 and the capitalised

costs are accordingly being released to the profit and loss account over their expected economic life of 6 years

from October 2008.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 April 2018

and 31 March 2019

13,088

AMORTISATION

At 1 April 2018

and 31 March 2019

13,088

NET BOOK VALUE

At 31 March 2019

-

At 31 March 2018

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

26,906

Additions

1,224

At 31 March 2019

28,130

DEPRECIATION

At 1 April 2018

21,854

Charge for year

2,578

At 31 March 2019

24,432

NET BOOK VALUE

At 31 March 2019

3,698

At 31 March 2018

5,052

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade debtors

12,320

12,320

Other debtors

431

410

12,751

12,730

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Taxation and social security

20,879

20,989

Other creditors

1,736

2,382

22,615

23,371

8.	PROVISIONS FOR LIABILITIES

31.3.19

31.3.18

£

£

Deferred tax

703

960

Deferred

tax

£

Balance at 1 April 2018

960

Provided during year

(257

)

Balance at 31 March 2019

703

9.	PENSION COMMITMENTS

The company operates a defined contribution scheme. The assets of the scheme are held separately from those of

the company in an independently administered fund. The pension cost charge for the period amounts to £18,000

(2018 - £18,000) and represents contributions payable by the company to the fund.

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £37,200 (2018 - £41,050) were paid to the director .

Mr C V Petley - Director and Shareholder

At the balance sheet date Andredsweald Ltd owed C Petley £364 (2018 - £364).

11.	ULTIMATE CONTROLLING PARTY

The controlling party is C and Mrs B Petley.