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REGISTERED NUMBER: 02773739 (England and Wales)











































Ann Arbor Publishers Limited

Unaudited Financial Statements

for the Year Ended 31st December 2023






Ann Arbor Publishers Limited (Registered number: 02773739)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3 to 5


Ann Arbor Publishers Limited

Company Information
for the year ended 31st December 2023







Directors: P D Laverack
Mrs L Owens
S Owens





Secretary: Mrs A L Laverack





Registered office: Halidon House
17D Windmill Way West
Ramparts Business Park
Berwick Upon Tweed
Northumberland
TD15 1TB





Business address: Waren House
Waren Mill
Belford
Northumberland
NE70 7EE





Registered number: 02773739 (England and Wales)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Ann Arbor Publishers Limited (Registered number: 02773739)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 7,547 7,213

Current assets
Stocks 155,838 167,848
Debtors 5 217,275 218,877
Cash at bank 204,407 219,580
577,520 606,305
Creditors
Amounts falling due within one year 6 61,837 123,200
Net current assets 515,683 483,105
Total assets less current liabilities 523,230 490,318

Provisions for liabilities 1,660 1,370
Net assets 521,570 488,948

Capital and reserves
Called up share capital 6,910 6,000
Retained earnings 514,660 482,948
Shareholders' funds 521,570 488,948

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th September 2024 and were signed on its behalf by:




P D Laverack - Director


Ann Arbor Publishers Limited (Registered number: 02773739)

Notes to the Financial Statements
for the year ended 31st December 2023

1. Statutory information

Ann Arbor Publishers Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

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

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 arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Office equipment - 20% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks
Stock is valued at the lower of cost and estimated selling price less costs to sell.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals, other loans and directors' loans.

Directors' loans (being repayable on demand), trade debtors, trade creditors, other loans and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the income statement, 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.


Ann Arbor Publishers Limited (Registered number: 02773739)

Notes to the Financial Statements - continued
for the year ended 31st December 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.

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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the income statement in the period in which they are incurred.

Going concern
The directors have considered the company's financial position for a period of 12 months and beyond from the date of signing these financial statements and have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company should continue to trade profitably accordingly the financial statements have been prepared on the going concern basis.

3. Employees and directors

The average number of employees during the year was 7 (2022 - 5 ) .

4. Tangible fixed assets
Fixtures
Plant and and Office
machinery fittings equipment Totals
£    £    £    £   
Cost
At 1st January 2023 3,005 14,234 27,322 44,561
Additions - 196 2,626 2,822
At 31st December 2023 3,005 14,430 29,948 47,383
Depreciation
At 1st January 2023 351 13,088 23,909 37,348
Charge for year 531 458 1,499 2,488
At 31st December 2023 882 13,546 25,408 39,836
Net book value
At 31st December 2023 2,123 884 4,540 7,547
At 31st December 2022 2,654 1,146 3,413 7,213

Ann Arbor Publishers Limited (Registered number: 02773739)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 112,874 148,226
Amounts owed by group undertakings 45,156 31,643
Other debtors 59,245 39,008
217,275 218,877

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 7,526 24,010
Taxation and social security 40,372 70,264
Other creditors 13,939 28,926
61,837 123,200

7. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31st December 2023 and 31st December 2022:

20232022
££
Director 1
Balance outstanding at start of year14,5636,749
Amounts advanced32,87314,814
Amounts repaid(22,904)(7,000)
Balance outstanding at end of year24,53214,563

This loan is unsecured, repayable on demand and interest has been charged at the official rates published by HMRC.

8. Post balance sheet events

Since the year end, on 4th April 2024, an interim dividend for the year ending 31st December 2024 of £46.30 per share has been declared.

Since the year end, on 5th April 2024, there was an allotment of 748 shares. A further 301 shares were issued on 6th June 2024.