Registered number
04564855
Analan Supplies Limited
Filleted Accounts
31 December 2023
Analan Supplies Limited
Registered number: 04564855
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 1 1
Tangible assets 4 54,582 42,404
54,583 42,405
Current assets
Stocks 97,849 109,554
Debtors 5 188,339 192,352
Cash at bank and in hand 342,484 308,196
628,672 610,102
Creditors: amounts falling due within one year 6 (287,511) (297,971)
Net current assets 341,161 312,131
Total assets less current liabilities 395,744 354,536
Creditors: amounts falling due after more than one year 7 (15,904) (13,949)
Provisions for liabilities (8,057) (8,057)
Net assets 371,783 332,530
Capital and reserves
Called up share capital 2 2
Profit and loss account 371,781 332,528
Shareholders' funds 371,783 332,530
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
R Milner
Director
Approved by the board on 18 September 2024
Analan Supplies Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 7 7
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2023 30,000
At 31 December 2023 30,000
Amortisation
At 1 January 2023 29,999
At 31 December 2023 29,999
Net book value
At 31 December 2023 1
At 31 December 2022 1
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 33,814 108,450 142,264
Additions - 39,944 39,944
Disposals - (30,081) (30,081)
At 31 December 2023 33,814 118,313 152,127
Depreciation
At 1 January 2023 32,384 67,476 99,860
Charge for the year 398 17,850 18,248
On disposals - (20,563) (20,563)
At 31 December 2023 32,782 64,763 97,545
Net book value
At 31 December 2023 1,032 53,550 54,582
At 31 December 2022 1,430 40,974 42,404
5 Debtors 2023 2022
£ £
Trade debtors 183,520 187,584
Other debtors 4,819 4,768
188,339 192,352
6 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 16,587 15,843
Trade creditors 223,437 223,956
Amounts owed to group undertakings and undertakings in which the company has a participating interest 15,207 25,717
Taxation and social security costs 28,239 30,079
Other creditors 4,041 2,376
287,511 297,971
7 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 15,904 13,949
8 Pension commitments
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £14,133 (2022: £13,387). No contributions were pwed to the fund at the balance sheet date.
9 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 32,491 29,792
# Controlling party
The company is a wholly owned subsidiary of Safety Republic Limited a company incorporated in England and Wales and with the same registered office as the company.
11 Other information
Analan Supplies Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit A2 Crown Works
Rotherham Road
Sheffield
South Yorkshire
S20 1AH
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