Company Registration No. 8875179 (England and Wales)
Ando Trading Limited
Unaudited accounts
for the period from 1 March 2019 to 28 February 2020
Ando Trading Limited
Unaudited accounts
Contents
Ando Trading Limited
Company Information
for the period from 1 March 2019 to 28 February 2020
Directors
John Meirion HUGHES
Orie HUGHES
Company Number
8875179 (England and Wales)
Registered Office
65 Penarth Road
Cardiff
CF10 5DL
Wales
Accountants
Cranleys Charterted Accountants
Winton House
Winton Square
Basingstoke
Hampshire
RG21 8EN
Ando Trading Limited
Statement of financial position
as at 28 February 2020
Cash at bank and in hand
189,585
67,331
Creditors: amounts falling due within one year
(164,838)
(86,389)
Net current assets
93,411
31,057
Called up share capital
2
2
Profit and loss account
94,344
32,268
Shareholders' funds
94,346
32,270
For the period ending 28 February 2020 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 directors acknowledge their 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 of Directors and authorised for issue on 7 December 2020 and were signed on its behalf by
Orie HUGHES
Director
Company Registration No. 8875179
Ando Trading Limited
Notes to the Accounts
for the period from 1 March 2019 to 28 February 2020
Ando Trading Limited is a private company, limited by shares, registered in England and Wales, registration number 8875179. The registered office is 65 Penarth Road, Cardiff, CF10 5DL, Wales.
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 period, 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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Ando Trading Limited
Notes to the Accounts
for the period from 1 March 2019 to 28 February 2020
5
Tangible fixed assets
Plant & machinery
Finished goods
48,000
33,000
Other debtors
20,664
17,115
8
Creditors: amounts falling due within one year
2020
2019
Bank loans and overdrafts
16,834
20,018
Taxes and social security
30,832
8,397
Loans from directors
115,972
56,774
9
Average number of employees
During the period the average number of employees was 2 (2019: 2).
