Andrew Thomas Accountancy Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06312617 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2021

FOR

ANDREW THOMAS ACCOUNTANCY LIMITED

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

6

DIRECTORS:

T A Houldsworth

A F Nicholaides

REGISTERED OFFICE:

82 Oswald Road

Scunthorpe

North Lincolnshire

DN15 7PA

REGISTERED NUMBER:

06312617 (England and Wales)

ACCOUNTANTS:

Andrew Thomas Accountancy Limited

Chartered Certified Accountants

82 Oswald Road

Scunthorpe

North Lincolnshire

DN15 7PA

FIXED ASSETS

Tangible assets

4

143,845

150,235

CURRENT ASSETS

Stocks

674

537

Debtors

169,872

153,103

Prepayments and accrued income

23,484

14,101

Cash at bank and in hand

81,337

106,178

275,367

273,919

CREDITORS

Amounts falling due within one year

92,756

105,456

NET CURRENT ASSETS

182,611

168,463

TOTAL ASSETS LESS CURRENT LIABILITIES

326,456

318,698

CREDITORS

Amounts falling due after more than one year

-

(11,832

)

PROVISIONS FOR LIABILITIES

(851

)

(1,356

)

ACCRUALS AND DEFERRED INCOME

(120

)

(395

)

NET ASSETS

325,485

305,115

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

325,385

305,015

SHAREHOLDERS' FUNDS

325,485

305,115

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 in accordance with Section 476 of the Companies Act 2006.

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.

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

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 October 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 July 2022 and were signed on its behalf by:

T A Houldsworth - Director

A F Nicholaides - Director

1.	STATUTORY INFORMATION

Andrew Thomas Accountancy 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.

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.

Tangible fixed assets

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

Freehold property

-

5% on cost

Office equipment

-

50% on cost and 25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2020 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 November 2020

197,670

Additions

3,728

Disposals

(9,852

)

At 31 October 2021

191,546

DEPRECIATION

At 1 November 2020

47,435

Charge for year

10,003

Eliminated on disposal

(9,737

)

At 31 October 2021

47,701

NET BOOK VALUE

At 31 October 2021

143,845

At 31 October 2020

150,235

5.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Bank loans

-

21,180

Bank loans are secured against the Freehold Property of the company.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

100

Ordinary

£1

100

100

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Andrew Thomas Accountancy Limited for the year ended 31 October 2021 which comprise the Income Statement, Abridged Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Andrew Thomas Accountancy Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Andrew Thomas Accountancy Limited and state those matters that we have agreed to state to the Board of Directors of Andrew Thomas Accountancy Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Andrew Thomas Accountancy Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Andrew Thomas Accountancy Limited. You consider that Andrew Thomas Accountancy Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Andrew Thomas Accountancy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Andrew Thomas Accountancy Limited

Chartered Certified Accountants

82 Oswald Road

Scunthorpe

North Lincolnshire

DN15 7PA

22 July 2022