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REGISTERED NUMBER: 07708028 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Andenor Limited

Andenor Limited (Registered number: 07708028)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Andenor Limited

Company Information
for the Year Ended 31 August 2023







DIRECTORS: S G Willis
Mrs L Willis





REGISTERED OFFICE: 74 Rowan Way
New Balderton
Newark
Nottinghamshire
NG24 3BJ





REGISTERED NUMBER: 07708028 (England and Wales)





ACCOUNTANTS: Brockhurst Davies Limited
11 The Office Village
North Road
Loughborough
Leicestershire
LE11 1QJ

Andenor Limited (Registered number: 07708028)

Balance Sheet
31 August 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 358,755 205,128

CURRENT ASSETS
Stocks 10,000 25,000
Debtors 5 2,125,535 3,102,490
Cash at bank 1,525,084 174,040
3,660,619 3,301,530
CREDITORS
Amounts falling due within one year 6 2,671,627 2,425,203
NET CURRENT ASSETS 988,992 876,327
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,347,747

1,081,455

CREDITORS
Amounts falling due after more than one
year

7

(96,427

)

(62,571

)

PROVISIONS FOR LIABILITIES (99,512 ) (51,282 )
NET ASSETS 1,151,808 967,602

CAPITAL AND RESERVES
Called up share capital 30 30
Retained earnings 8 1,151,778 967,572
SHAREHOLDERS' FUNDS 1,151,808 967,602

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

Andenor Limited (Registered number: 07708028)

Balance Sheet - continued
31 August 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2024 and were signed on its behalf by:





S G Willis - Director


Andenor Limited (Registered number: 07708028)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Andenor Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These are the first set of financial statements to have been prepared in accordance with the provision of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

No changes were required as a result of the FRS 102 section 1A conversion.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Andenor Limited (Registered number: 07708028)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Basic financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.


Non-derivative financial instruments comprise, trade and other debtors, cash and cash equivalents and trade and other creditors.

Trade and other debtors

Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses. If any arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.

Trade and other creditors

Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses. If any arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.

Impairment

Trade and other debtors are carried at fair value through profit or loss is assessed at each reporting

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 17 ) .

Andenor Limited (Registered number: 07708028)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 September 2022 219,053 3,530 233,053 8,318 463,954
Additions 68,542 - 273,739 2,361 344,642
Disposals - - (173,403 ) - (173,403 )
At 31 August 2023 287,595 3,530 333,389 10,679 635,193
DEPRECIATION
At 1 September 2022 165,640 2,824 83,848 6,514 258,826
Charge for year 30,489 106 31,430 2,210 64,235
Eliminated on disposal - - (46,623 ) - (46,623 )
At 31 August 2023 196,129 2,930 68,655 8,724 276,438
NET BOOK VALUE
At 31 August 2023 91,466 600 264,734 1,955 358,755
At 31 August 2022 53,413 706 149,205 1,804 205,128

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
COST
At 1 September 2022 173,403
Additions 273,739
Disposals (137,412 )
At 31 August 2023 309,730
DEPRECIATION
Charge for year 19,650
Eliminated on disposal (41,224 )
At 31 August 2023 (21,574 )
NET BOOK VALUE
At 31 August 2023 331,304
At 31 August 2022 173,403

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 1,680,941 2,700,658
Other debtors - 400
VAT 413,329 370,297
Prepayments and accrued income 31,265 31,135
2,125,535 3,102,490

Andenor Limited (Registered number: 07708028)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts - 8,625
Hire purchase contracts 37,177 26,402
Trade creditors 2,239,545 2,046,096
Tax 148,806 130,346
Social security and other taxes 62,847 42,013
Other creditors 140,787 130,695
Accruals and deferred income 42,465 41,026
2,671,627 2,425,203

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Hire purchase contracts 96,427 62,571

8. RESERVES
Retained
earnings
£

At 1 September 2022 967,572
Profit for the year 835,206
Dividends (651,000 )
At 31 August 2023 1,151,778