Anderson Green Ltd. - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04309499 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2023

for

Anderson Green Ltd.

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A Keightley

Mr J E McDonald

Mr A Moss

Mr M Stubbs

Mr JJ Hollingsworth

Mr A Cope

REGISTERED OFFICE:

Unit C4

Park Lane Business Centre

Basford

Nottingham

Nottinghamshire

NG6 0DW

REGISTERED NUMBER:

04309499 (England and Wales)

ACCOUNTANTS:

Sutton McGrath Hartley Ltd

Chartered Accountants

5 Westbrook Court

Sharrowvale Road

Sheffield

South Yorkshire

S11 8YZ

FIXED ASSETS

Tangible assets

4

259,947

231,570

CURRENT ASSETS

Debtors

5

1,474,877

1,092,033

Cash at bank and in hand

1,471,842

1,820,030

2,946,719

2,912,063

CREDITORS

Amounts falling due within one year

6

1,214,352

1,202,076

NET CURRENT ASSETS

1,732,367

1,709,987

TOTAL ASSETS LESS CURRENT LIABILITIES

1,992,314

1,941,557

CREDITORS

Amounts falling due after more than one year

7

(14,167

)

(24,167

)

PROVISIONS FOR LIABILITIES

(55,349

)

(33,182

)

NET ASSETS

1,922,798

1,884,208

CAPITAL AND RESERVES

Called up share capital

10

250

250

Retained earnings

1,922,548

1,883,958

SHAREHOLDERS' FUNDS

1,922,798

1,884,208

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 June 2024 and were signed on its behalf by:

Mr M Stubbs - Director

1.	STATUTORY INFORMATION

Anderson Green 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 as modified by the revaluation of certain assets.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance and 15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 60 (2022 - 60 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 January 2023

196,933

126,057

322,990

Additions

-

56,235

56,235

Disposals

-

(49,607

)

(49,607

)

At 31 December 2023

196,933

132,685

329,618

DEPRECIATION

At 1 January 2023

-

91,420

91,420

Charge for year

-

18,531

18,531

Eliminated on disposal

-

(40,280

)

(40,280

)

At 31 December 2023

-

69,671

69,671

NET BOOK VALUE

At 31 December 2023

196,933

63,014

259,947

At 31 December 2022

196,933

34,637

231,570

Cost or valuation at 31 December 2023 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Cost

196,933

132,685

329,618

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2023

2022

£

£

Cost

196,933

196,933

Aggregate depreciation

47,264

43,325

Freehold land and buildings were valued on an open market basis on 31 December 2023 by the directors .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST OR VALUATION

At 1 January 2023

22,823

Disposals

(22,823

)

At 31 December 2023

-

DEPRECIATION

At 1 January 2023

30,454

Charge for year

1,202

Eliminated on disposal

(16,803

)

Reclassification/transfer

(14,853

)

At 31 December 2023

-

NET BOOK VALUE

At 31 December 2023

-

At 31 December 2022

(7,631

)

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

1,419,924

1,061,927

Other debtors

54,953

30,106

1,474,877

1,092,033

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

15,856

17,762

Hire purchase contracts (see note 8)

-

2,593

Trade creditors

525,112

419,938

Amounts owed to group undertakings

397,051

541,673

Taxation and social security

269,483

213,260

Other creditors

6,850

6,850

1,214,352

1,202,076

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

14,167

24,167

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts

2023

2022

£

£

Net obligations repayable:

Within one year

-

2,593

Non-cancellable

operating leases

2023

2022

£

£

Within one year

47,410

-

Between one and five years

39,429

-

86,839

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

2023

2022

£

£

Bank loans

24,167

34,167

Hire purchase contracts

-

2,593

24,167

36,760

Included in bank loans is the amount borrowed under the Government's Bounce Back Loan scheme. The amount is repayable by installments with interest charged at 2.5% on a monthly basis. The Government acts as guarantor to the lender of this loan.

The hire purchase contracts are secured against the assets to which they relate to. The contracts are payable by monthly instalments over their individual periods, with interest charged on a monthly basis.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

450

Ordinary.

50p

225

225

50

Ordinary B

50p

25

25

250

250

11.	RELATED PARTY DISCLOSURES

Purchases were made from Anderson Green Holdings Ltd of £20,000 (2022 - £30,000). Dividends were paid to Anderson Green Holdings in 2023 of £350,000 (2022: £665,600).

The balance owed by Anderson Green Ltd to Anderson Green Holdings Ltd, at the year end, was £397,051 (2022: £541,673).

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Anderson Green Holdings Limited.