Andawes Commercials Limited - Accounts to registrar (filleted) - small 18.2
Andawes Commercials Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Andawes Commercials Limited |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2020 |
| Andawes Commercials Limited (Registered number: 10232239) |
| Contents of the Financial Statements |
| for the year ended 31 March 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Andawes Commercials Limited |
| Company Information |
| for the year ended 31 March 2020 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 28 Eaton Avenue |
| Matrix Office Park |
| Buckshaw Village |
| Chorley |
| Lancashire |
| PR7 7NA |
| Andawes Commercials Limited (Registered number: 10232239) |
| Balance Sheet |
| 31 March 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 9 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| Andawes Commercials Limited (Registered number: 10232239) |
| Balance Sheet - continued |
| 31 March 2020 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Andawes Commercials Limited (Registered number: 10232239) |
| Notes to the Financial Statements |
| for the year ended 31 March 2020 |
| 1. | STATUTORY INFORMATION |
| Andawes Commercials Limited is a |
| 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 (£) and the amounts in the |
| financial statements have been rounded to the nearest £1. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
| rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Motor vehicles | - |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. |
| Those held under hire purchase contracts are depreciated over their estimated useful lives. Those |
| held under finance leases are depreciated over their estimated useful lives or the lease term, |
| whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The |
| capital element of the future payments is treated as a liability. |
| Financial instruments |
| Financial instruments are recognised when the company becomes party to the contractual provisions |
| of the instrument. Basic financial assets, which include debtors, prepayments, bank balances and |
| group debts, are initially measured at transaction price and are subsequently carried at cost unless the |
| arrangement indicates otherwise and then the asset is measured at the present value of the future |
| receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, |
| accruals, loans and group borrowings, are initially recognised at transaction price and are |
| subsequently carried at cost unless the arrangement indicates otherwise and then the liability is |
| measured at the present value of the future obligations discounted at a market rate of interest. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2019 - NIL). |
| Andawes Commercials Limited (Registered number: 10232239) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2020 |
| 4. | TANGIBLE FIXED ASSETS |
| Motor |
| vehicles |
| £ |
| COST |
| At 1 April 2019 |
| Additions |
| Disposals | ( |
) |
| At 31 March 2020 |
| DEPRECIATION |
| At 1 April 2019 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 March 2020 |
| NET BOOK VALUE |
| At 31 March 2020 |
| At 31 March 2019 |
| Included within tangible fixed assets are assets held under hire purchase and finance lease |
| agreements. The net book value of these assets at the year end was £280,267 (2019: £271,394) and |
| the depreciation charged on them in the year was £72,090 (2019: £52,478). |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade debtors |
| Other debtors |
| VAT |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| VAT | 17,008 | - |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Hire purchase contracts |
| Andawes Commercials Limited (Registered number: 10232239) |
| Notes to the Financial Statements - continued |
| for the year ended 31 March 2020 |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2020 | 2019 |
| £ | £ |
| Hire purchase contracts | 220,405 | 256,889 |
| 9. | PROVISIONS FOR LIABILITIES |
| 2020 | 2019 |
| £ | £ |
| Deferred tax |
| Accelerated capital allowances | 62,196 | 31,585 |
| Deferred |
| tax |
| £ |
| Balance at 1 April 2019 |
| Charge to Income Statement during year |
| Balance at 31 March 2020 |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2020 | 2019 |
| value: | £ | £ |
| Ordinary A | £1 | 51 | 51 |
| Ordinary B | £1 | 22 | 22 |
| Ordinary C | £1 | 25 | 25 |
| Ordinary D | £1 | 1 | 1 |
| Ordinary E | £1 | 1 | 1 |
| 100 | 100 |
| 11. | RELATED PARTY DISCLOSURES |
| In the opinion of the directors the company is controlled by Mr DS Jones, a director of the company, |
| and his immediate family by virtue of their shareholdings. |
| During the year the company purchased goods for £1,388 (2019: £14,580) and sold services for |
| £267,870 (2019: £249,811) to Jones Lighting Limited, a company in which Mr DS Jones is also a |
| director. The amounts paid were the normal market rates for such goods and services. |