Registered number
13454506
Anna Marie Designs Limited
Filleted Accounts
31 March 2024
Anna Marie Designs Limited
Registered number: 13454506
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 5,000 10,000
Tangible assets 4 6,350 12,480
11,350 22,480
Current assets
Stocks 115,000 100,000
Debtors 5 35,422 5,783
Cash at bank and in hand 3,006 16,193
153,428 121,976
Creditors: amounts falling due within one year 6 (47,370) (39,437)
Net current assets 106,058 82,539
Total assets less current liabilities 117,408 105,019
Creditors: amounts falling due after more than one year 7 (124,914) (103,027)
Net (liabilities)/assets (7,506) 1,992
Capital and reserves
Called up share capital 100 100
Profit and loss account (7,606) 1,892
Shareholders' funds (7,506) 1,992
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 members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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.
Mrs A M Jenkins
Director
Approved by the board on 30 June 2024
Anna Marie Designs Limited
Notes to the Accounts
for the year ended 31 March 2024
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:
Computer equipment over 4 years
Motor vehicles over 4 years
Plant and machinery over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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 2024 2023
Number Number
Average number of persons employed by the company 1 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 20,000
At 31 March 2024 20,000
Amortisation
At 1 April 2023 10,000
Provided during the year 5,000
At 31 March 2024 15,000
Net book value
At 31 March 2024 5,000
At 31 March 2023 10,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 4 years.
4 Tangible fixed assets
Computer equipment Motor vehicles Plant and machinery Total
£ £ £ £
Cost
At 1 April 2023 1,420 17,619 5,923 24,962
Additions 150 - - 150
At 31 March 2024 1,570 17,619 5,923 25,112
Depreciation
At 1 April 2023 710 8,809 2,963 12,482
Charge for the year 395 4,405 1,480 6,280
At 31 March 2024 1,105 13,214 4,443 18,762
Net book value
At 31 March 2024 465 4,405 1,480 6,350
At 31 March 2023 710 8,810 2,960 12,480
5 Debtors 2024 2023
£ £
Trade debtors 35,422 5,783
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 27,148 27,436
Taxation and social security costs 18,722 10,501
Other creditors 1,500 1,500
47,370 39,437
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 42,500 48,400
Directors loan account 82,414 54,627
124,914 103,027
8 Controlling party
The company is controlled by the director.
9 Other information
Anna Marie Designs Limited is a private company limited by shares and incorporated in England. Its registered office is:
Rotunda Buildings
Montpellier Exchange
Cheltenham
Glos
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