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REGISTERED NUMBER: 09419206 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Andamar Limited

Andamar Limited (Registered number: 09419206)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Andamar Limited

Company Information
for the Year Ended 28 February 2023







DIRECTOR: A G Smith





REGISTERED OFFICE: Building 6000 Langstone Technology Park
Langstone Road
Havant
Hampshire
PO9 1SA





REGISTERED NUMBER: 09419206 (England and Wales)





ACCOUNTANTS: AM-PM Accounting Solutions Limited
Building 6000
Langstone Technology Park
Langstone Road
Havant
Hampshire
PO9 1SA

Andamar Limited (Registered number: 09419206)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,792 29,031

CURRENT ASSETS
Debtors 5 19,266 7,882
Cash at bank 20,358 50,838
39,624 58,720
CREDITORS
Amounts falling due within one year 6 49,242 84,129
NET CURRENT LIABILITIES (9,618 ) (25,409 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,174

3,622

CREDITORS
Amounts falling due after more than one year 7 (33,333 ) (43,333 )

PROVISIONS FOR LIABILITIES (4,330 ) (5,705 )
NET LIABILITIES (24,489 ) (45,416 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (24,490 ) (45,417 )
SHAREHOLDERS' FUNDS (24,489 ) (45,416 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Andamar Limited (Registered number: 09419206)

Balance Sheet - continued
28 February 2023


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 28 October 2023 and were signed by:





A G Smith - Director


Andamar Limited (Registered number: 09419206)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Andamar 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 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
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 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.

Andamar Limited (Registered number: 09419206)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
The financial statements for the year ended 28 February 2023 have been prepared on a going concern basis. In making this going concern assessment, all available information about the foreseeable future has been taken into account.

Despite net liabilities exceeding net assets for the year ended 28 February 2023, the director feels that as the majority of net liabilities are director's loan account, the going concern basis of preparation remains appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2022 9,441 55,285 349 65,075
Additions 1,110 - 292 1,402
At 28 February 2023 10,551 55,285 641 66,477
DEPRECIATION
At 1 March 2022 5,485 30,315 244 36,044
Charge for year 1,266 6,244 131 7,641
At 28 February 2023 6,751 36,559 375 43,685
NET BOOK VALUE
At 28 February 2023 3,800 18,726 266 22,792
At 28 February 2022 3,956 24,970 105 29,031

Andamar Limited (Registered number: 09419206)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Motor
vehicles
£   
COST
At 1 March 2022
and 28 February 2023 32,290
DEPRECIATION
At 1 March 2022 20,250
Charge for year 3,011
At 28 February 2023 23,261
NET BOOK VALUE
At 28 February 2023 9,029
At 28 February 2022 12,040

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 19,266 7,882

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors (2,735 ) 1,075
Taxation and social security 28,594 27,323
Other creditors 23,383 55,731
49,242 84,129

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 33,333 43,333

8. RELATED PARTY DISCLOSURES

Included within other creditors is a loan totalling £22,583 (2022: £54,956) owed to Mr A G Smith, a director. This loan was not overdrawn during the year and was provided interest free and repayable on demand.

Included within Trade Creditors is an amount of £2,915.13 due from Meon Valley Aggregates Limited, a company under common control. The total amount of purchases bought from this company during the year was £52,766.

Andamar Limited (Registered number: 09419206)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A G Smith.