Registered number
05387177
Annibale Limited
Report and Accounts
31 December 2023
Annibale Limited
Registered number: 05387177
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 609,046 607,756
Current assets
Debtors 4 25,431 16,366
Cash at bank and in hand 68,259 48,826
93,690 65,192
Creditors: amounts falling due within one year 5 (52,802) (56,322)
Net current assets 40,888 8,870
Total assets less current liabilities 649,934 616,626
Creditors: amounts falling due after more than one year 6 (383,719) (408,007)
Net assets 266,215 208,619
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 265,215 207,619
Shareholders' funds 266,215 208,619
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.
Ms A. Ricketts
Director
Approved by the board on 21 February 2024
Annibale Limited
Notes to the Accounts
for the year ended 31 December 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.
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 rendering of services, which is recognised by reference to the stage of completion of the contract and is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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 or investment property, 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 basis
Fixtures, fittings, tools and equipment 25% on reducing balance basis
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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Investment property Plant and machinery etc Total
£ £ £
Cost
At 1 January 2023 604,332 11,089 615,421
Additions - 2,861 2,861
Disposals - (107) (107)
At 31 December 2023 604,332 13,843 618,175
Depreciation
At 1 January 2023 - 7,665 7,665
Charge for the year - 1,571 1,571
On disposals - (107) (107)
At 31 December 2023 - 9,129 9,129
Net book value
At 31 December 2023 604,332 4,714 609,046
At 31 December 2022 604,332 3,424 607,756
4 Debtors 2023 2022
£ £
Trade debtors 22,827 12,586
Other debtors 2,604 3,780
25,431 16,366
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 22,298 15,549
Accruals and deferred income 2,166 10,000
Other creditors 28,338 30,773
52,802 56,322
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 218,719 243,007
Other creditors 165,000 165,000
383,719 408,007
Included in Other creditors is £188,786 (2022:£191,430 ) owing to the directors, of which £165,000 (2022:£165,000) are long-term loans from the directors. The loans are interest-free and there is no fixed date of repayment. The directors have confirmed that the loan will only be repaid as and when cash flow permits.
7 Controlling party
The company is controlled by Ms A. Ricketts, who owns the entire share capital of the company.
8 Other information
Annibale Limited is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
582 Honeypot Lane
Stanmore
London
HA7 1JS
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