ANDESONS_LIMITED - Accounts

ANDESONS LIMITED - Company Information

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Company Registration No. 06323107 (England and Wales)

ANDESONS LIMITED

DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2014

ANDESONS LIMITED

COMPANY INFORMATION

Director

Mr R Harvey

Company number

06323107

Registered office

Springfield Farm

Harcombe Cross

Lyme Regis

Dorset

DT7 3RN

Accountants

Michael A Corley & Co

200 Dukes Ride

Crowthorne

Berkshire

RG45 6DS

ANDESONS LIMITED

CONTENTS

Page

Director's report

Accountants' report

Profit and loss account

Balance sheet

Notes to the financial statements

4 - 6

ANDESONS LIMITED

DIRECTOR'S REPORT

FOR THE YEAR ENDED 31 JULY 2014

- 1 -

The director presents his report and financial statements for the year ended 31 July 2014.

Director

The following director has held office since 1 August 2013:

Mr R Harvey

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

Mr R Harvey

Director

26 March 2015

ANDESONS LIMITED

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 JULY 2014

- 2 -

2014

2013

Notes

Turnover

15,126

588

Cost of sales

(3,438)

(3,180)

Gross profit/(loss)

11,688

(2,592)

Administrative expenses

(912)

(4,742)

Profit/(loss) on ordinary activities before taxation

10,776

(7,334)

Tax on profit/(loss) on ordinary activities

(685)

Profit/(loss) on ordinary activities after taxation

10,091

(7,334)

Extraordinary items

(150)

Profit/(loss) for the year

9,941

(7,334)

The profit and loss account has been prepared on the basis that all operations are continuing operations.

There are no recognised gains and losses other than those passing through the profit and loss account.

ANDESONS LIMITED

BALANCE SHEET

AS AT

31 JULY 2014

- 3 -

2014

2013

Notes

Fixed assets

Tangible assets

312,315

Current assets

Cash at bank and in hand

9,175

639

Creditors: amounts falling due within one year

(1,420)

(735)

Net current assets/(liabilities)

7,755

(96)

Total assets less current liabilities

320,070

312,219

Creditors: amounts falling due after more than one year

(317,475)

(319,565)

2,595

(7,346)

Capital and reserves

Called up share capital

Profit and loss account

2,591

(7,350)

Shareholders' funds

2,595

(7,346)

For the financial year ended 31 July 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 26 March 2015

Mr R Harvey

Director

Company Registration No. 06323107

ANDESONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2014

- 4 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Taxation

2014

2013

Domestic current year tax

U.K. corporation tax

685

Total current tax

685

Factors affecting the tax charge for the year

Profit/(loss) on ordinary activities before taxation

10,776

(7,334)

Profit/(loss) on ordinary activities before taxation multiplied by standard rate of UK corporation tax of 20.00% (2013 - 0%)

2,155

Current tax charge for the year

2,155

Reconciliation - the current year tax charge does not reconcile to the above analysis. Please review figures in the database.

(1,470)

ANDESONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2014

- 5 -

Extraordinary items

2014

2013

Extraordinary profit/(loss) 1-Penalty

150

Tangible fixed assets

Land and buildings

Cost

At 1 August 2013 & at 31 July 2014

312,315

Depreciation

At 1 August 2013 & at 31 July 2014

Net book value

At 31 July 2014

312,315

At 31 July 2013

312,315

Creditors: amounts falling due within one year

2014

2013

Taxation and social security

685

Other creditors

735

1,420

735

ANDESONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2014

- 6 -

Creditors: amounts falling due after more than one year

2014

2013

Bank loans

319,565

Other creditors

(2,090)

317,475

319,565

Analysis of loans

Wholly repayable within five years

317,475

319,565

Loan maturity analysis

Share capital

2014

2013

Allotted, called up and fully paid

4 Ordinary of £1 each

Statement of movements on profit and loss account

Profit
and loss
account

Balance at 1 August 2013

(7,350)

Profit for the year

9,941

Balance at 31 July 2014

2,591

Reconciliation of movements in Shareholders' funds

2014

2013

Profit/(Loss) for the financial year

9,941

(7,334)

Opening Shareholders' funds

(7,346)

(12)

Closing Shareholders' funds

2,595

(7,346)