Registered number
09069051
Andjo Capital Limited
Filleted Accounts
30 June 2023
Andjo Capital Limited
Registered number: 09069051
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,026,988 638,369
1,026,988 638,369
Current assets
Debtors 4 78,926 141,432
Cash at bank and in hand 423,227 660,238
502,153 801,670
Creditors: amounts falling due within one year 5 (527,207) (445,982)
Net current (liabilities)/assets (25,054) 355,688
Total assets less current liabilities 1,001,934 994,057
Provisions for liabilities (14,162) (13,039)
Net assets 987,772 981,018
Capital and reserves
Called up share capital 100 100
Profit and loss account 987,672 980,918
Shareholders' funds 987,772 981,018
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr A Beeson
Director
Approved by the board on 1 November 2023
Andjo Capital Limited
Notes to the Accounts
for the year ended 30 June 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% on reducing balance
Motor vehicles 25% on reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
Interest income
Interest income is recognised in the profit and loss using the effective interest method.
Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery Motor vehicles Total
£ £ £ £
Cost
At 1 July 2022 582,500 5,559 106,597 694,656
Additions 400,604 5,599 - 406,203
Disposals - (5,254) - (5,254)
At 30 June 2023 983,104 5,904 106,597 1,095,605
Depreciation
At 1 July 2022 - 2,330 53,957 56,287
Charge for the year - 1,468 13,160 14,628
On disposals - (2,298) - (2,298)
At 30 June 2023 - 1,500 67,117 68,617
Net book value
At 30 June 2023 983,104 4,404 39,480 1,026,988
At 30 June 2022 582,500 3,229 52,640 638,369
Cost or valuation at 30 June 2023 is represented by:
Land and buildings Plant and machinery Motor vehicles Total
£ £
Valuation in 2022 12,761 12,761
Cost 970,343 5,904 106,597 1,082,844
983,104 5,904 106,597 1,095,605
4 Debtors 2023 2022
£ £
Other debtors 78,926 141,432
78,926 141,432
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 2,721 1,497
Taxation and social security costs (65) (15,115)
Corporation tax 22,939 36,883
Other creditors 501,612 422,717
527,207 445,982
6 Other information
Andjo Capital Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Cobblestone Yard
Bath Row
Stamford
PE9 2RD
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