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Registered number: 01124005
Andrew M. Winch Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Radford & Sergeant Limited
Building 3
Watchmoor Park
Camberley
Surrey
GU15 3YL
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01124005
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 12,594 16,592
Investments 5 150,311 303,411
162,905 320,003
CURRENT ASSETS
Stocks 6 2,600 3,000
Debtors 7 8,896 32,265
Cash at bank and in hand 15,816 8,098
27,312 43,363
Creditors: Amounts Falling Due Within One Year 8 (145,059 ) (153,699 )
NET CURRENT ASSETS (LIABILITIES) (117,747 ) (110,336 )
TOTAL ASSETS LESS CURRENT LIABILITIES 45,158 209,667
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (14,748 ) (23,811 )
NET ASSETS 30,410 185,856
CAPITAL AND RESERVES
Called up share capital 10 5,000 5,000
Revaluation reserve 12 67,783 115,720
Profit and Loss Account (42,373 ) 65,136
SHAREHOLDERS' FUNDS 30,410 185,856
Page 1
Page 2
For the year ending 30 June 2024 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr A Winch
Director
30 August 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Andrew M. Winch Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01124005 . The registered office is Timbertops, Isington, Alton, Hampshire, GU34 4PP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Motor Vehicles 25% on reducing balance
Computer Equipment 33% on cost
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 2 2
Engineers and Installers 1 2
3 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 105,714 60,420 4,166 170,300
As at 30 June 2024 105,714 60,420 4,166 170,300
Depreciation
As at 1 July 2023 95,973 53,569 4,166 153,708
Provided during the period 2,435 1,563 - 3,998
As at 30 June 2024 98,408 55,132 4,166 157,706
Net Book Value
As at 30 June 2024 7,306 5,288 - 12,594
As at 1 July 2023 9,741 6,851 - 16,592
5. Investments
Listed
£
Cost
As at 1 July 2023 303,411
Disposals (170,000 )
Revaluations 16,900
As at 30 June 2024 150,311
Provision
As at 1 July 2023 -
As at 30 June 2024 -
Net Book Value
As at 30 June 2024 150,311
As at 1 July 2023 303,411
Cost or valuation at 30 June 2024 is represented by:
Valuation in 2013 - £22,000
Valuation in 2014 - £16,000
Valuation in 2015 - £ 4,160
Valuation in 2016 - £33,565
Valuation in 2016 - £32,468
Valuation in 2018- (£4,634)
Valuation in 2019 - £11,441
Valuation in 2020 - (£38,000)
Valuation in 2021 - £70,917
...CONTINUED
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Page 5
5. Investments - continued
Valuation in 2022 - £ 3,307 
Valuation in 2023 - (£35,504)
Valuation in 2024 -(£47,937)
Total -£67,783
If listed investments had not been revalued they would have been included at the following historical cost:
30.06.15 - £210,000
30.06.16 - £210,000
30.06.18 - £250,000
30.06.19 - £250,000
30.06.20 -£250,000
30.06.21 - £250,000
30.06.22 - £250,000
30.06.23 - £187,691
30.06.24 - £ 82,528
Listed investments were valued on an open market basis on 30 June 2024 by Halifax.
Market value of listed investments at 30.06.24 £150,311. 
6. Stocks
2024 2023
£ £
Materials 600 1,000
Work in progress 2,000 2,000
2,600 3,000
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 6,722 26,403
Prepayments and accrued income 299 325
VAT 1,875 5,537
8,896 32,265
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,842 11,740
Accruals and deferred income 2,800 2,750
Directors' loan accounts 139,417 139,209
145,059 153,699
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 14,748 23,811
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Page 6
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 5,000 5,000
11. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 56,000 56,000
The above dividends were all paid to the directors.
12. Reserves
Revaluation Reserve
£
As at 1 July 2023 115,720
Surplus on revaluation 16,901
Transfer to profit and loss (64,838 )
As at 30 June 2024 67,783
13. Controlling Party
The controlling party is Mr A M Winch.
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