Andy Wilson Financial Services Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 07547809 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

ANDY WILSON FINANCIAL SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Wilson

Mrs T E Wilson

REGISTERED OFFICE:

Landmark House

1 Riseholme Road

Lincoln

Lincolnshire

LN1 3SN

REGISTERED NUMBER:

07547809 (England and Wales)

ACCOUNTANTS:

Dexter & Sharpe (Lincoln) Ltd

Landmark House

1 Riseholme Road

Lincoln

Lincolnshire

LN1 3SN

FIXED ASSETS

Tangible assets

4

3,584

5,995

CURRENT ASSETS

Stocks

29,243

28,151

Debtors

5

11,023

8,509

Cash at bank

42,759

44,192

83,025

80,852

CREDITORS

Amounts falling due within one year

6

20,173

19,263

NET CURRENT ASSETS

62,852

61,589

TOTAL ASSETS LESS CURRENT LIABILITIES

66,436

67,584

PROVISIONS FOR LIABILITIES

681

1,139

NET ASSETS

65,755

66,445

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

65,655

66,345

SHAREHOLDERS' FUNDS

65,755

66,445

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

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

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2023 and were signed on its behalf by:

A J Wilson - Director

1.	STATUTORY INFORMATION

Andy Wilson Financial Services Ltd 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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost and 25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

14,757

Additions

553

At 31 March 2023

15,310

DEPRECIATION

At 1 April 2022

8,762

Charge for year

2,964

At 31 March 2023

11,726

NET BOOK VALUE

At 31 March 2023

3,584

At 31 March 2022

5,995

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

6,970

8,509

Other debtors

4,053

-

11,023

8,509

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade creditors

334

1,820

Taxation and social security

10,109

17,050

Other creditors

9,730

393

20,173

19,263