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Company No: 06384221 (England and Wales)

ANDERTON GABLES LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

ANDERTON GABLES LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

ANDERTON GABLES LIMITED

BALANCE SHEET

As at 31 March 2024
ANDERTON GABLES LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 233,530 196,530
233,530 196,530
Current assets
Debtors 4 1,108,291 1,370,705
Cash at bank and in hand 1,126,571 1,121,243
2,234,862 2,491,948
Creditors: amounts falling due within one year 5 ( 872,654) ( 1,073,752)
Net current assets 1,362,208 1,418,196
Total assets less current liabilities 1,595,738 1,614,726
Creditors: amounts falling due after more than one year 6 ( 67,034) ( 47,097)
Provision for liabilities ( 48,464) ( 39,478)
Net assets 1,480,240 1,528,151
Capital and reserves
Called-up share capital 7 100 100
Share premium account 18 15
Profit and loss account 1,480,122 1,528,036
Total shareholders' funds 1,480,240 1,528,151

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Anderton Gables Limited (registered number: 06384221) were approved and authorised for issue by the Board of Directors on 02 September 2024. They were signed on its behalf by:

J D Shaw
Director
A Whittle
Director
ANDERTON GABLES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
ANDERTON GABLES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Anderton Gables Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom and is registered in England and Wales. The address of the Company's registered office is Thomas Carter House, 1-2 Cross Street, Preston, PR1 3LT, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
-the amount of revenue can be measured reliably;
-it is probable that the Company will receive the consideration due under the contract;
-the stage of completion of the contract at the end of the reporting period can be measured reliably; and
-the costs incurred and the costs to complete the contract can be measured reliably.

In respect of long term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long term contracts and contracts for on-going services is recognised by reference to the stage of completion. Contingent income is recognised only once the contingent element is assured.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Research & Development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives, which range from 3 to 6 years.

If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

Holiday Pay Accrual

A liability is recognised to the extent of any unused holiday pay entitlement which is accrued at the Balance sheet date and carried forward to future periods. This is measured at the undiscounted salary cost of the future holiday entitlement so accrued at the Balance sheet date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 20 % reducing balance
Fixtures and fittings 10 % reducing balance
Office equipment 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 48 38

3. Tangible assets

Vehicles Fixtures and fittings Office equipment Total
£ £ £ £
Cost
At 01 April 2023 156,158 34,953 147,116 338,227
Additions 89,500 3,924 19,283 112,707
Disposals ( 66,549) 0 0 ( 66,549)
At 31 March 2024 179,109 38,877 166,399 384,385
Accumulated depreciation
At 01 April 2023 62,879 11,135 67,683 141,697
Charge for the financial year 21,148 2,638 18,131 41,917
Disposals ( 32,759) 0 0 ( 32,759)
At 31 March 2024 51,268 13,773 85,814 150,855
Net book value
At 31 March 2024 127,841 25,104 80,585 233,530
At 31 March 2023 93,279 23,818 79,433 196,530

4. Debtors

2024 2023
£ £
Trade debtors 882,791 1,111,803
Amounts owed by related parties 1,497 10,000
Amounts recoverable on contracts 87,458 137,458
Prepayments 136,545 111,444
1,108,291 1,370,705

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 126,104 126,316
Taxation and social security 500,187 519,543
Obligations under finance leases and hire purchase contracts 57,782 51,455
Other creditors 188,581 376,438
872,654 1,073,752

Net obligations under finance leases and hire purchase contracts are secured by fixed charges on the assets concerned.

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Obligations under finance leases and hire purchase contracts 67,034 47,097

Net obligations under finance leases and hire purchase contracts are secured by fixed charges on the assets concerned.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
51 A Ordinary shares of £ 1.00 each 51.00 51.00
31 B Ordinary shares of £ 1.00 each 31.00 31.00
9 C Ordinary shares of £ 1.00 each 9.00 9.00
9 D Ordinary shares of £ 1.00 each 9.00 9.00
6 E Ordinary shares of £ 0.01 each (2023: nil shares) 0.06 0
6 F Ordinary shares of £ 0.01 each (2023: nil shares) 0.06 0
6 G Ordinary shares of £ 0.01 each (2023: nil shares) 0.06 0
100.18 100.00

On 5 June 2023 the company issued 6 E Ordinary shares of £0.01 each at a premium of £0.99, 6 F Ordinary shares of £0.01 each at a premium of £0.99, 6 G Ordinary shares of £0.01 each at a premium of £0.99.

The A Ordinary, B Ordinary, C Ordinary and D Ordinary shares rank parri passu in all respects. The E Ordinary, F Ordinary and G Ordinary shares rank parri passu in all respects other than they do not have voting rights.

8. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

2024 2023
£ £
within one year 135,768 57,016
between one and five years 507,400 8,918
after five years 67,500 0
710,668 65,934

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

2024 2023
£ £
Unpaid contributions due to the fund (inc. in other creditors) 15,610 6,694

9. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Directors loans 123,733 169,874

Included within other creditors are loans from the directors to the company. No interest is being charged on these loans.