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REGISTERED NUMBER: 12353439 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Andrew Merchant Ltd

Andrew Merchant Ltd (Registered number: 12353439)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Andrew Merchant Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: A Merchant





REGISTERED OFFICE: 53 Kilnhurst Road
Todmorden
West Yorkshire
OL14 6AX





REGISTERED NUMBER: 12353439 (England and Wales)





ACCOUNTANTS: Versatile Accountancy Services Ltd
The Old Printworks
65 Church Street
Littleborough
Lancashire
OL15 8AB

Andrew Merchant Ltd (Registered number: 12353439)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,413 8,800

CURRENT ASSETS
Debtors 5 61,152 100,009
Cash at bank 149,493 78,448
210,645 178,457
CREDITORS
Amounts falling due within one year 6 46,756 51,725
NET CURRENT ASSETS 163,889 126,732
TOTAL ASSETS LESS CURRENT
LIABILITIES

166,302

135,532

PROVISIONS FOR LIABILITIES 8 459 1,672
NET ASSETS 165,843 133,860

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 9 165,842 133,859
SHAREHOLDERS' FUNDS 165,843 133,860

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Andrew Merchant Ltd (Registered number: 12353439)

Statement of Financial Position - continued
31 December 2023


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 director and authorised for issue on 13 September 2024 and were signed by:





A Merchant - Director


Andrew Merchant Ltd (Registered number: 12353439)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Andrew Merchant Ltd 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Computer equipment - 15% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Andrew Merchant Ltd (Registered number: 12353439)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 3 ).

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 January 2023 10,187 2,504 12,691
Disposals (8,250 ) - (8,250 )
At 31 December 2023 1,937 2,504 4,441
DEPRECIATION
At 1 January 2023 3,037 854 3,891
Charge for year 178 248 426
Eliminated on disposal (2,289 ) - (2,289 )
At 31 December 2023 926 1,102 2,028
NET BOOK VALUE
At 31 December 2023 1,011 1,402 2,413
At 31 December 2022 7,150 1,650 8,800

5. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 6,655 50,009
Directors' loan accounts 54,497 -
61,152 50,009

Andrew Merchant Ltd (Registered number: 12353439)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS - continued
31.12.23 31.12.22
£    £   
Amounts falling due after more than one year:
Other debtors - 50,000

Aggregate amounts 61,152 100,009

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts (see note 7)
1,400

3,405
Trade creditors 32 192
Tax 31,003 28,207
VAT 12,281 17,514
Directors' loan accounts - 367
Accrued expenses 2,040 2,040
46,756 51,725

7. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 1,400 3,405

8. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 459 1,672

Andrew Merchant Ltd (Registered number: 12353439)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 1,672
Provided during year (1,213 )
Balance at 31 December 2023 459

9. RESERVES
Retained
earnings
£   

At 1 January 2023 133,859
Profit for the year 101,983
Dividends (70,000 )
At 31 December 2023 165,842