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REGISTERED NUMBER: 12353439 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

Andrew Merchant Ltd

Andrew Merchant Ltd (Registered number: 12353439)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Andrew Merchant Ltd

Company Information
for the Year Ended 31 December 2021







DIRECTOR: A Merchant





REGISTERED OFFICE: 53 Kilnhurst Road
Todmorden
West Yorkshire
OL14 6AX





REGISTERED NUMBER: 12353439 (England and Wales)





ACCOUNTANTS: Versatile Accountancy Services Ltd
The Old Printworks
65 Church Street
Littleborough
Lancashire
OL15 8AB

Andrew Merchant Ltd (Registered number: 12353439)

Statement of Financial Position
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 10,488 13,196

CURRENT ASSETS
Debtors 5 19,680 14,808
Cash at bank 95,009 28,245
114,689 43,053
CREDITORS
Amounts falling due within one year 6 38,209 52,295
NET CURRENT ASSETS/(LIABILITIES) 76,480 (9,242 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,968

3,954

PROVISIONS FOR LIABILITIES 7 1,993 2,618
NET ASSETS 84,975 1,336

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 8 84,974 1,335
SHAREHOLDERS' FUNDS 84,975 1,336

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

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

The director acknowledges his 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.

Andrew Merchant Ltd (Registered number: 12353439)

Statement of Financial Position - continued
31 December 2021


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 director and authorised for issue on 4 September 2022 and were signed by:





A Merchant - Director


Andrew Merchant Ltd (Registered number: 12353439)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Andrew Merchant 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
Revenue 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.
Plant and machinery - 15% on reducing balance
Computer equipment - 15% on reducing balance

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.

Andrew Merchant Ltd (Registered number: 12353439)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued

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 3 (2020 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2021 12,074 1,704 13,778
Additions - 800 800
Disposals (1,650 ) - (1,650 )
At 31 December 2021 10,424 2,504 12,928
DEPRECIATION
At 1 January 2021 326 256 582
Charge for year 1,551 307 1,858
At 31 December 2021 1,877 563 2,440
NET BOOK VALUE
At 31 December 2021 8,547 1,941 10,488
At 31 December 2020 11,748 1,448 13,196

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.12.21 31.12.20
£    £   
Trade debtors 19,680 14,808

Andrew Merchant Ltd (Registered number: 12353439)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.12.21 31.12.20
£    £   
Trade creditors 34 295
Tax 24,013 2,260
VAT 9,565 7,367
Directors' loan accounts 2,435 41,353
Accrued expenses 2,162 1,020
38,209 52,295

7. PROVISIONS FOR LIABILITIES
31.12.21 31.12.20
£    £   
Deferred tax 1,993 2,618

Deferred
tax
£   
Balance at 1 January 2021 2,618
Provided during year (625 )
Balance at 31 December 2021 1,993

8. RESERVES
Retained
earnings
£   

At 1 January 2021 1,335
Profit for the year 98,639
Dividends (15,000 )
At 31 December 2021 84,974