Andy Graphix Ltd 04490467 false 2022-10-01 2023-09-30 2023-09-30 The principal activity of the company is in the year under review was that of vehicle graphic design. Digita Accounts Production Advanced 6.30.9574.0 true true 04490467 2022-10-01 2023-09-30 04490467 2023-09-30 04490467 core:RetainedEarningsAccumulatedLosses 2023-09-30 04490467 core:ShareCapital 2023-09-30 04490467 core:CurrentFinancialInstruments 2023-09-30 04490467 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 04490467 core:Non-currentFinancialInstruments 2023-09-30 04490467 core:Non-currentFinancialInstruments core:AfterOneYear 2023-09-30 04490467 core:PlantMachinery 2023-09-30 04490467 bus:SmallEntities 2022-10-01 2023-09-30 04490467 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 04490467 bus:FullAccounts 2022-10-01 2023-09-30 04490467 bus:SmallCompaniesRegimeForAccounts 2022-10-01 2023-09-30 04490467 bus:RegisteredOffice 2022-10-01 2023-09-30 04490467 bus:CompanySecretary1 2022-10-01 2023-09-30 04490467 bus:Director1 2022-10-01 2023-09-30 04490467 bus:Director3 2022-10-01 2023-09-30 04490467 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 04490467 core:PlantMachinery 2022-10-01 2023-09-30 04490467 countries:EnglandWales 2022-10-01 2023-09-30 04490467 2022-09-30 04490467 core:PlantMachinery 2022-09-30 04490467 2021-10-01 2022-09-30 04490467 2022-09-30 04490467 core:RetainedEarningsAccumulatedLosses 2022-09-30 04490467 core:ShareCapital 2022-09-30 04490467 core:CurrentFinancialInstruments 2022-09-30 04490467 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 04490467 core:Non-currentFinancialInstruments 2022-09-30 04490467 core:Non-currentFinancialInstruments core:AfterOneYear 2022-09-30 04490467 core:PlantMachinery 2022-09-30 iso4217:GBP xbrli:pure

Registration number: 04490467

Andy Graphix Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2023

 

Andy Graphix Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Andy Graphix Ltd

Company Information

Directors

A Cobb

Mr M Edwards

Company secretary

Mrs E Cobb

Registered office

Unit 7 The Glenmore Centre
Pent Road
Shearway Business Park
Folkestone
Kent
CT19 4RJ

Accountants

Beresfords
Chartered Certified Accountants
1-2 Rhodium Point
Spindle Close
Hawkinge
Folkestone
Kent
CT18 7TQ

 

Andy Graphix Ltd

(Registration number: 04490467)
Balance Sheet as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,623

3,497

Current assets

 

Stocks

5

3,550

2,100

Debtors

6

98,897

107,060

 

102,447

109,160

Creditors: Amounts falling due within one year

7

(74,325)

(75,344)

Net current assets

 

28,122

33,816

Total assets less current liabilities

 

30,745

37,313

Creditors: Amounts falling due after more than one year

7

(16,667)

(26,627)

Net assets

 

14,078

10,686

Capital and reserves

 

Called up share capital

100

1

Retained earnings

13,978

10,685

Shareholders' funds

 

14,078

10,686

 

Andy Graphix Ltd

(Registration number: 04490467)
Balance Sheet as at 30 September 2023 (continued)

For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 November 2023 and signed on its behalf by:
 

.........................................
A Cobb
Director

   
     
 

Andy Graphix Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 7 The Glenmore Centre
Pent Road
Shearway Business Park
Folkestone
Kent
CT19 4RJ

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Andy Graphix Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023 (continued)

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% on reducing balance

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Andy Graphix Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023 (continued)

2

Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Andy Graphix Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023 (continued)

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2022 - 6).

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 October 2022

62,572

62,572

At 30 September 2023

62,572

62,572

Depreciation

At 1 October 2022

59,075

59,075

Charge for the year

874

874

At 30 September 2023

59,949

59,949

Carrying amount

At 30 September 2023

2,623

2,623

At 30 September 2022

3,497

3,497

5

Stocks

2023
£

2022
£

Other inventories

3,550

2,100

6

Debtors

Current

2023
£

2022
£

Trade debtors

47,245

41,560

Other debtors

51,652

65,500

 

98,897

107,060

 

Andy Graphix Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023 (continued)

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

8

33,722

31,771

Trade creditors

 

20,041

19,278

Taxation and social security

 

16,848

21,551

Accruals and deferred income

 

3,000

2,000

Other creditors

 

714

744

 

74,325

75,344

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

16,667

26,627

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

16,667

26,627

2023
£

2022
£

Current loans and borrowings

Bank borrowings

10,000

10,020

Bank overdrafts

23,460

21,398

Directors current account

262

353

33,722

31,771