Registered number
10876561
Andrew Moseley Associates Limited
Unaudited Filleted Accounts
31 August 2023
Andrew Moseley Associates Limited
Registered number: 10876561
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 12,325 14,932
Tangible assets 4 65,167 13,765
77,492 28,697
Current assets
Debtors 5 446,905 408,674
Cash at bank and in hand 203,282 241,574
650,187 650,248
Creditors: amounts falling due within one year 6 (198,465) (208,757)
Net current assets 451,722 441,491
Net assets 529,214 470,188
Capital and reserves
Alloted called up and fully paid share capital 1 1
Profit and loss account 529,213 470,187
Shareholder's funds 529,214 470,188
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Andrew Moseley
Director
Approved by the board on 26 October 2023
Andrew Moseley Associates Limited
Notes to the Accounts
for the year ended 31 August 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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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% straight line
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 19 16
3 Intangible fixed assets £
Software:
Cost
At 1 September 2022 24,211
At 31 August 2023 24,211
Amortisation
At 1 September 2022 9,279
Provided during the year 2,607
At 31 August 2023 11,886
Net book value
At 31 August 2023 12,325
At 31 August 2022 14,932
Software is being written off over its estimated economic life of 4 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2022 26,713
Additions 68,503
At 31 August 2023 95,216
Depreciation
At 1 September 2022 12,948
Charge for the year 17,101
At 31 August 2023 30,049
Net book value
At 31 August 2023 65,167
At 31 August 2022 13,765
5 Debtors 2023 2022
£ £
Trade debtors 386,686 346,422
Other debtors 60,219 62,252
446,905 408,674
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 30,905 37,738
Taxation and social security costs 165,474 165,010
Other creditors 2,086 6,009
198,465 208,757
7 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 25,910 5,949
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Andrew Moseley
Interest free with no fixed terms for repayment 39,443 80,000 (90,000) 29,443
39,443 80,000 (90,000) 29,443
9 Other information
Andrew Moseley Associates Limited is a private company limited by shares and incorporated in England. Its registered office is:
Cavendish House
St Andrews Court
Leeds
LS3 1JY
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