ANDESONS_LIMITED - Accounts

ANDESONS LIMITED - Company Information

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Company Registration No. 06323107 (England and Wales)

ANDESONS LIMITED

DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2016

ANDESONS LIMITED

COMPANY INFORMATION

Director

Mr R Harvey

Company number

06323107

Registered office

Springfield Farm

Harcombe Cross

Lyme Regis

Dorset

DT7 3RN

Accountants

Michael A Corley & Co

200 Dukes Ride

Crowthorne

Berkshire

RG45 6DS

ANDESONS LIMITED

CONTENTS

Page

Director's report

Accountants' report

Profit and loss account

Balance sheet

Notes to the financial statements

4 - 6

ANDESONS LIMITED

DIRECTOR'S REPORT

FOR THE YEAR ENDED 31 JULY 2016

- 1 -

The director presents his report and financial statements for the year ended 31 July 2016.

Director

The following director has held office since 1 August 2015:

Mr R Harvey

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

Mr R Harvey

Director

13 June 2017

ANDESONS LIMITED

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 JULY 2016

- 2 -

2016

2015

Notes

Turnover

17,025

15,349

Cost of sales

(2,175)

(3,593)

Gross profit

14,850

11,756

Administrative expenses

(2,478)

(1,763)

Profit on ordinary activities before taxation

12,372

9,993

Tax on profit on ordinary activities

(2,474)

(1,999)

Profit on ordinary activities after taxation

9,898

7,994

Extraordinary items

(150)

Profit for the year

9,748

7,994

The profit and loss account has been prepared on the basis that all operations are continuing operations.

There are no recognised gains and losses other than those passing through the profit and loss account.

ANDESONS LIMITED

BALANCE SHEET

AS AT

31 JULY 2016

- 3 -

2016

2015

Notes

Fixed assets

Tangible assets

312,315

Current assets

Cash at bank and in hand

20,057

19,257

Creditors: amounts falling due within one year

(3,209)

(2,734)

Net current assets

16,848

16,523

Total assets less current liabilities

329,163

328,838

Creditors: amounts falling due after more than one year

(313,826)

(318,249)

15,337

10,589

Capital and reserves

Called up share capital

Profit and loss account

15,333

10,585

Shareholders' funds

15,337

10,589

For the financial year ended 31 July 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board and authorised for issue on 13 June 2017

Mr R Harvey

Director

Company Registration No. 06323107

ANDESONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2016

- 4 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

Taxation

2016

2015

Domestic current year tax

U.K. corporation tax

2,474

1,999

Total current tax

2,474

1,999

Factors affecting the tax charge for the year

Profit on ordinary activities before taxation

12,372

9,993

Profit on ordinary activities before taxation multiplied by standard rate of UK corporation tax of 20.00% (2015 - 20.00%)

2,474

1,999

Current tax charge for the year

2,474

1,999

Extraordinary items

2016

2015

Extraordinary profit/(loss) 1-Penalty

150

ANDESONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2016

- 5 -

Dividends

2016

2015

Ordinary interim paid

5,000

Tangible fixed assets

Land and buildings

Cost

At 1 August 2015 & at 31 July 2016

312,315

Depreciation

At 1 August 2015 & at 31 July 2016

Net book value

At 31 July 2016

312,315

At 31 July 2015

312,315

Creditors: amounts falling due within one year

2016

2015

Taxation and social security

2,474

1,999

Other creditors

735

3,209

2,734

Creditors: amounts falling due after more than one year

2016

2015

Other creditors

313,826

318,249

Share capital

2016

2015

Allotted, called up and fully paid

4 Ordinary of £1 each

ANDESONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 JULY 2016

- 6 -

Statement of movements on profit and loss account

Profit
and loss
account

Balance at 1 August 2015

10,585

Profit for the year

9,748

Dividends paid

(5,000)

Balance at 31 July 2016

15,333

Reconciliation of movements in Shareholders' funds

2016

2015

Profit for the financial year

9,748

7,994

Dividends

(5,000)

Net addition to shareholders' funds

4,748

7,994

Opening Shareholders' funds

10,589

2,595

Closing Shareholders' funds

15,337

10,589