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REGISTERED NUMBER: 04534924















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Anglian Internet Limited

Anglian Internet Limited (Registered number: 04534924)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


Anglian Internet Limited (Registered number: 04534924)

Balance Sheet
30 November 2023

2023 2022
Notes £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 101,576 135,434
101,576 135,434

Current assets
Stocks 38,908 46,305
Debtors 6 55,464 52,818
Cash at bank and in hand 187,086 155,874
281,458 254,997
Creditors
Amounts falling due within one year 7 (158,135 ) (138,046 )
Net current assets 123,323 116,951
Total assets less current liabilities 224,899 252,385

Creditors
Amounts falling due after more than one
year

8

(34,357

)

(41,313

)

Provisions for liabilities (10,300 ) (14,000 )
Net assets 180,242 197,072

Capital and reserves
Called up share capital 110 110
Retained earnings 180,132 196,962
180,242 197,072

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Anglian Internet Limited (Registered number: 04534924)

Balance Sheet - continued
30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:




Mr G M Minter - Director



Mrs J K Minter - Director


Anglian Internet Limited (Registered number: 04534924)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. Statement of compliance

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.

2. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Tangible fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings - 25% on reducing balance
Motor vehicles 25% on reducing balance
Computer equipment 33% on cost

Anglian Internet Limited (Registered number: 04534924)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


2. Accounting policies - continued

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items. Net realisable value is calculated at the lower of cost or selling price less cost to complete.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Anglian Internet Limited (Registered number: 04534924)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


2. Accounting policies - continued
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.

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.

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

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.

3. Employees and directors

The average number of employees during the year was 14 (2022 - 14 ) .

Anglian Internet Limited (Registered number: 04534924)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


4. Intangible fixed assets
Goodwill
£
Cost
At 1 December 2022
and 30 November 2023 15,000
Amortisation
At 1 December 2022
and 30 November 2023 15,000
Net book value
At 30 November 2023 -
At 30 November 2022 -

5. Tangible fixed assets
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£ £ £ £
Cost
At 1 December 2022
and 30 November 2023 51,313 199,721 7,944 258,978
Depreciation
At 1 December 2022 45,396 70,204 7,944 123,544
Charge for year 1,479 32,379 - 33,858
At 30 November 2023 46,875 102,583 7,944 157,402
Net book value
At 30 November 2023 4,438 97,138 - 101,576
At 30 November 2022 5,917 129,517 - 135,434

Anglian Internet Limited (Registered number: 04534924)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


5. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
Cost
At 1 December 2022 139,079
Transfer to ownership (30,223 )
At 30 November 2023 108,856
Depreciation
At 1 December 2022 44,324
Charge for year 19,499
Transfer to ownership (18,535 )
At 30 November 2023 45,288
Net book value
At 30 November 2023 63,568
At 30 November 2022 94,755

6. Debtors: amounts falling due within one year
2023 2022
£ £
Trade debtors 53,280 50,157
Other debtors 416 -
Prepayments 1,768 2,661
55,464 52,818

7. Creditors: amounts falling due within one year
2023 2022
£ £
Hire purchase contracts (see note 9) 6,955 24,435
Trade creditors 65,054 57,217
Tax 29,457 12,695
Social security and other taxes 239 787
VAT 32,351 23,229
Other creditors 4,676 8,649
Directors' current accounts 14,678 6,534
Accrued expenses 4,725 4,500
158,135 138,046

Anglian Internet Limited (Registered number: 04534924)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


8. Creditors: amounts falling due after more than one year
2023 2022
£ £
Hire purchase contracts (see note 9) 34,357 41,313

9. Leasing agreements

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£ £
Net obligations repayable:
Within one year 6,955 24,435
Between one and five years 34,357 41,313
41,312 65,748

Non-cancellable
operating leases
2023 2022
£ £
Within one year 16,500 16,500
Between one and five years 66,000 -
82,500 16,500