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COMPANY REGISTRATION NUMBER: 07588063
Andrew Field Lab Balance Services Ltd
Filleted Unaudited Financial Statements
31 March 2024
Andrew Field Lab Balance Services Ltd
Financial Statements
Year ended 31 March 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Andrew Field Lab Balance Services Ltd
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
£
Current assets
Debtors
5
3,160
Cash at bank and in hand
30,783
30,365
--------
--------
30,783
33,525
Creditors: amounts falling due within one year
6
6,022
4,435
--------
--------
Net current assets
24,761
29,090
--------
--------
Total assets less current liabilities
24,761
29,090
--------
--------
Net assets
24,761
29,090
--------
--------
Capital and reserves
Called up share capital
7
10
10
Profit and loss account
24,751
29,080
--------
--------
Shareholders funds
24,761
29,090
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the 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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 22 August 2024 , and are signed on behalf of the board by:
T S Field Director
Company registration number: 07588063
Andrew Field Lab Balance Services Ltd
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Shaw Drive, Yardley, Birmingham, West Midlands, B33 8 PJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents sales of goods and services and is recognised when goods and services are physically supplied to the customer.
Tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into, either as financial assets, financial liabilities or equity interests. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Debtors
2024
2023
£
£
Trade debtors
2,466
Other debtors
694
----
-------
3,160
----
-------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Social security and other taxes
1,928
2,241
Other creditors
4,094
2,194
-------
-------
6,022
4,435
-------
-------
7. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
10
10
10
10
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----
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