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Company Registration No. 07466236 (England and Wales)
Andrew Woffinden Limited Unaudited accounts for the year ended 31 December 2023
Andrew Woffinden Limited Unaudited accounts Contents
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Andrew Woffinden Limited Company Information for the year ended 31 December 2023
Directors
Andrew Woffinden Lauren McLaughlin
Company Number
07466236 (England and Wales)
Registered Office
187 NORTHSTAND HIGHBURY STADIUM SQUARE LONDON N5 1FN ENGLAND
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Andrew Woffinden Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,811 
13,424 
Current assets
Debtors
24,759 
30,861 
Cash at bank and in hand
1,022 
40,255 
25,781 
71,116 
Creditors: amounts falling due within one year
(27,108)
(61,278)
Net current (liabilities)/assets
(1,327)
9,838 
Net assets
18,484 
23,262 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
18,482 
23,260 
Shareholders' funds
18,484 
23,262 
For the year ending 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by
Lauren McLaughlin Director Company Registration No. 07466236
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Andrew Woffinden Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Andrew Woffinden Limited is a private company, limited by shares, registered in England and Wales, registration number 07466236. The registered office is 187 NORTHSTAND, HIGHBURY STADIUM SQUARE, LONDON, N5 1FN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Revenue from the photography services are recognised when the services are performed.
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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue the operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
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Andrew Woffinden Limited Notes to the Accounts for the year ended 31 December 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2023
39,452 
Additions
12,800 
At 31 December 2023
52,252 
Depreciation
At 1 January 2023
26,028 
Charge for the year
6,413 
At 31 December 2023
32,441 
Net book value
At 31 December 2023
19,811 
At 31 December 2022
13,424 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
24,378 
30,861 
Other debtors
381 
- 
24,759 
30,861 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
10,532 
8,797 
Taxes and social security
10,713 
6,129 
Other creditors
5,238 
2,095 
Loans from directors
- 
43,832 
Accruals
625 
425 
27,108 
61,278 
7
Loans to directors
Director owes the limited company £381.17 at 31-12-23 (£43,831.90 - 31-12-22). This is an interest free loan, repayable on demand.
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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