Registered number
13955526
ANSELM FRASER DESIGN LTD
Filleted Accounts
31 March 2024
ANSELM FRASER DESIGN LTD
Registered number: 13955526
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 34,222 34,955
Current assets
Stocks 43,250 46,725
Debtors 4 - 3,000
Cash at bank and in hand 4,437 450
47,687 50,175
Creditors: amounts falling due within one year 5 (142,951) (113,893)
Net current liabilities (95,264) (63,718)
Total assets less current liabilities (61,042) (28,763)
Provisions for liabilities (6,503) (6,642)
Net liabilities (67,545) (35,405)
Capital and reserves
Called up share capital 2 2
Profit and loss account (67,547) (35,407)
Shareholders' funds (67,545) (35,405)
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.
J A Fraser
Director
Approved by the board on 22 May 2024
ANSELM FRASER DESIGN LTD
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.
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:
Office Equipment 25% Reducing Balance
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 46,607
Additions 10,675
At 31 March 2024 57,282
Depreciation
At 1 April 2023 11,652
Charge for the year 11,408
At 31 March 2024 23,060
Net book value
At 31 March 2024 34,222
At 31 March 2023 34,955
4 Debtors 2024 2023
£ £
Prepayments - 3,000
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 977 173
Directors Loan Account 140,924 112,757
Accruals 1,050 963
142,951 113,893
6 Other information
ANSELM FRASER DESIGN LTD is a private company limited by shares and incorporated in England. Its registered office is:
9 Tredown Road
Sydenham
London
SE23 5QQ
ANSELM FRASER DESIGN LTD 13955526 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2022 J A Fraser No description of principal activity 13955526 2022-03-04 2023-03-31 13955526 core:WithinOneYear 2023-03-31 13955526 core:ShareCapital 2023-03-31 13955526 core:RetainedEarningsAccumulatedLosses 2023-03-31 13955526 2023-04-01 2024-03-31 13955526 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13955526 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13955526 bus:Director40 2023-04-01 2024-03-31 13955526 1 2023-04-01 2024-03-31 13955526 2 2023-04-01 2024-03-31 13955526 core:PlantMachinery 2023-04-01 2024-03-31 13955526 countries:England 2023-04-01 2024-03-31 13955526 bus:FRS102 2023-04-01 2024-03-31 13955526 bus:FullAccounts 2023-04-01 2024-03-31 13955526 2024-03-31 13955526 core:WithinOneYear 2024-03-31 13955526 core:ShareCapital 2024-03-31 13955526 core:RetainedEarningsAccumulatedLosses 2024-03-31 13955526 core:PlantMachinery 2024-03-31 13955526 2023-03-31 13955526 core:PlantMachinery 2023-03-31 iso4217:GBP xbrli:pure