2023-01-01 08359875 2023-12-31 08359875 2023-01-01 2023-12-31 08359875 2022-12-31 08359875 2022-01-01 2022-12-31 08359875 uk-core:WithinOneYear 2022-12-31 08359875 uk-core:WithinOneYear 2023-12-31 08359875 uk-core:ShareCapital 2023-12-31 08359875 uk-core:ShareCapital 2022-12-31 08359875 uk-core:RetainedEarningsAccumulatedLosses 2023-12-31 08359875 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 08359875 uk-bus:Director1 2023-01-01 2023-12-31 08359875 uk-core:NetGoodwill 2023-01-01 2023-12-31 08359875 uk-core:LandBuildings 2023-01-01 2023-12-31 08359875 uk-core:ToolsEquipment 2023-01-01 2023-12-31 08359875 uk-core:ComputerEquipment 2023-01-01 2023-12-31 08359875 uk-core:MotorCars 2023-01-01 2023-12-31 08359875 uk-core:Goodwill 2022-12-31 08359875 uk-core:Goodwill 2023-12-31 08359875 uk-core:MotorCars 2022-12-31 08359875 uk-core:ToolsEquipment 2022-12-31 08359875 uk-core:LandBuildings 2022-12-31 08359875 uk-core:LandBuildings 2023-12-31 08359875 uk-core:ToolsEquipment 2023-12-31 08359875 uk-core:MotorCars 2023-12-31 iso4217:GBP xbrli:pure 08359875 uk-bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 08359875 uk-bus:FRS102 2023-01-01 2023-12-31 08359875 uk-bus:FilletedAccounts 2023-01-01 2023-12-31 08359875 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
Annagram ITS Limited
Registered Number:08359875
For the year ended 31 December 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2023
Annagram ITS Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
08359875
As at 31 December 2023
Annagram ITS Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
8,124
13,665
3
8,124
13,665
Current assets
Trade and other receivables
15,441
904
4
167,469
Cash and cash equivalents
11,850
12,754
182,910
Trade and other payables: amounts falling due within one
year
(88,200)
(1,635)
5
94,710
11,119
Net current assets
Total assets less current liabilities
19,243
108,375
19,243
Net assets
108,375
Capital and reserves
Called up share capital
2
2
Retained earnings
19,241
108,373
19,243
108,375
Shareholders' funds
For the year ended 31 December 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Graham Simms Director
These financial statements were approved and authorised for issue by the Board on 25 March 2024 and were signed by:
The notes form part of these financial statements
1 of 4
4
For the year ended 31 December 2023
Annagram ITS Limited
Notes to the Financial Statements
Statutory Information
Annagram ITS Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 08359875.
Registered address:
52 Seymour Drive
Torquay
Devon
TQ2 8PY
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill has been amortised over its estimated useful life.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
20% Straight line
Tools and equipment
25% Reducing balance
25% Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.
2 of 4
5
For the year ended 31 December 2023
Annagram ITS Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 January 2023
20,000
At 31 December 2023
20,000
Amortisation
At 01 January 2023
20,000
At 31 December 2023
20,000
Net book value
At 31 December 2023
-
At 31 December 2022
-
During the year the policy in respect of Intangible Assets was revised to amortise Goodwill over 12 years from their
orginal cost date.
3. Property, plant and equipment
Total
Motor vehicles
Tools and
equipment
Land and
buildings
£
£
£
£
Cost or
valuation
At 01 January 2023
51,423
31,978
5,284
14,161
At 31 December 2023
14,161
5,284
31,978
51,423
Provision for depreciation and impairment
At 01 January 2023
37,758
21,861
4,569
11,328
Charge for year
5,541
2,530
178
2,833
At 31 December 2023
43,299
24,391
4,747
14,161
At 31 December 2023
Net book value
-
537
7,587
8,124
At 31 December 2022
2,833
715
10,117
13,665
4. Trade and other receivables
2022
2023
£
£
Trade debtors
-
14,410
Other debtors
904
1,031
15,441
904
3 of 4
6
For the year ended 31 December 2023
Annagram ITS Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Taxation and social security
-
36,598
Other creditors
1,635
51,602
1,635
88,200
6. Related party transactions
Mr & Mrs SimmsThe company was under the control of (Controlling Party) during this year.
7. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
4 of 4