THE ANDREW LOWNIE LITERARY AGENCY LTD

Company Registration Number:
04717219 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 1 August 2022

End date: 31 July 2023

THE ANDREW LOWNIE LITERARY AGENCY LTD

Contents of the Financial Statements

for the Period Ended 31 July 2023

Balance sheet
Additional notes
Balance sheet notes

THE ANDREW LOWNIE LITERARY AGENCY LTD

Balance sheet

As at 31 July 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 557 743
Total fixed assets: 557 743
Current assets
Debtors: 4 99,986
Cash at bank and in hand: 7,956 193,437
Total current assets: 107,942 193,437
Creditors: amounts falling due within one year: 5 ( 108,210 ) ( 141,302 )
Net current assets (liabilities): (268) 52,135
Total assets less current liabilities: 289 52,878
Total net assets (liabilities): 289 52,878
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 189 52,778
Total Shareholders' funds: 289 52,878

The notes form part of these financial statements

THE ANDREW LOWNIE LITERARY AGENCY LTD

Balance sheet statements

For the year ending 31 July 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 23 April 2024
and signed on behalf of the board by:

Name: A J H Lownie
Status: Director

The notes form part of these financial statements

THE ANDREW LOWNIE LITERARY AGENCY LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

    Tangible fixed assets depreciation policy

    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% reducing balance, Fixtures, fittings and equipment - 25% reducing balance.

    Other accounting policies

    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. All differences are charged to profit or loss. Pensions - Contributions to defined contribution plans are expensed in the period to which they relate.

THE ANDREW LOWNIE LITERARY AGENCY LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 4 4

THE ANDREW LOWNIE LITERARY AGENCY LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2022 4,238 12,045 16,283
Additions
Disposals
Revaluations
Transfers
At 31 July 2023 4,238 12,045 16,283
Depreciation
At 1 August 2022 4,238 11,302 15,540
Charge for year 186 186
On disposals
Other adjustments
At 31 July 2023 4,238 11,488 15,726
Net book value
At 31 July 2023 0 557 557
At 31 July 2022 0 743 743

THE ANDREW LOWNIE LITERARY AGENCY LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Debtors

2023 2022
£ £
Other debtors 99,986
Total 99,986

THE ANDREW LOWNIE LITERARY AGENCY LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 41,534
Taxation and social security 26,842 8,962
Accruals and deferred income 28,065 29,584
Other creditors 53,303 61,222
Total 108,210 141,302

THE ANDREW LOWNIE LITERARY AGENCY LTD

Notes to the Financial Statements

for the Period Ended 31 July 2023

6. Loans to directors

Name of director receiving advance or credit: A J H Lownie
Description of the transaction:
Loan to director
£
Balance at 31 July 2022
Advances or credits made: 99,986
Advances or credits repaid:
Balance at 31 July 2023 99,986

At the year end, the director A J H Lownie owed the company £99,986 (2022: £nil), including interest charged at 2.25%. The balance will be repaid within nine months of the year end.