REGISTERED NUMBER: 06945661 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2023

for

Andrew Stout Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr A D Stout

SECRETARY:

Miss H Hopkins

REGISTERED OFFICE:

C/O Tallents Solicitors

3 Middlegate

Newark

Nottinghamshire

NG24 1AQ

REGISTERED NUMBER:

06945661 (England and Wales)

ACCOUNTANTS:

Underwood Green

Pinnacle House

1 Pinnacle Way

Derby

Derbyshire

DE24 8ZS

CURRENT ASSETS

Debtors

5

577,959

573,679

Cash at bank

175,758

93,125

753,717

666,804

CREDITORS

Amounts falling due within one year

6

67,354

115,612

NET CURRENT ASSETS

686,363

551,192

TOTAL ASSETS LESS CURRENT LIABILITIES

686,363

551,192

CAPITAL AND RESERVES

Called up share capital

7

100

100

Non-dist reserve -

revaluation of partnership

property

8

4,007

4,007

Retained earnings

682,256

547,085

SHAREHOLDERS' FUNDS

686,363

551,192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

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 director and authorised for issue on 27 September 2023 and were signed by:

Mr A D Stout - Director

1.	STATUTORY INFORMATION

Andrew Stout 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 represents the company's share of the profits of the partnership Tallents Solicitors.

Goodwill

Purchased goodwill is amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives as follows:

Goodwill - ten years

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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 1 (2022 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2022

156,192

Disposals

(24,343

)

At 30 April 2023

131,849

AMORTISATION

At 1 May 2022

156,192

Eliminated on disposal

(24,343

)

At 30 April 2023

131,849

NET BOOK VALUE

At 30 April 2023

-

At 30 April 2022

-

Goodwill arose on the purchase of the company's share in Tallents Solicitors.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Due from Tallents Solicitors

378,691

400,013

S455 tax repayable

-

10,147

Directors' current accounts

199,268

163,519

577,959

573,679

Other than as disclosed under directors' current accounts, none of the above amounts related to amounts due from the director or shareholder of the company either directly or indirectly.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Tax

66,496

63,911

Other creditors

-

50,885

Accruals and deferred income

858

816

67,354

115,612

7.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2023

2022

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Non-dist

reserve -

revaluation

of

partnership

property

£

At 1 May 2022

and 30 April 2023

4,007

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

2023

2022

£

£

Mr A D Stout

Balance outstanding at start of year

163,519

-

Amounts advanced

216,428

173,424

Amounts repaid

(180,679

)

(9,905

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

199,268

163,519

Interest was charged on the director's advances at HM Revenue & Customs official rate of interest being 2% per annum.

The outstanding advances were repaid within nine months of the year end.