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Company Registration No. 06868336 (England and Wales)
AMPERSAND INDUSTRIES LTD Unaudited accounts for the year ended 30 April 2024
AMPERSAND INDUSTRIES LTD Unaudited accounts Contents
Page
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AMPERSAND INDUSTRIES LTD Company Information for the year ended 30 April 2024
Director
Mr M Collins
Company Number
06868336 (England and Wales)
Registered Office
THE ORCHARD MITHIAN ST. AGNES CORNWALL TR5 0QF UNITED KINGDOM
Accountants
Gain Accountancy Ltd The Orchard Mithian St Agnes Cornwall TR5 0QF
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AMPERSAND INDUSTRIES LTD Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,152 
1,536 
Current assets
Debtors
2,055 
3,794 
Cash at bank and in hand
4,034 
8,326 
6,089 
12,120 
Creditors: amounts falling due within one year
(5,661)
(6,572)
Net current assets
428 
5,548 
Total assets less current liabilities
1,580 
7,084 
Provisions for liabilities
Deferred tax
(219)
(292)
Net assets
1,361 
6,792 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
1,360 
6,791 
Shareholders' funds
1,361 
6,792 
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 September 2024 and were signed on its behalf by
Mr M Collins Director Company Registration No. 06868336
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AMPERSAND INDUSTRIES LTD Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
AMPERSAND INDUSTRIES LTD is a private company, limited by shares, registered in England and Wales, registration number 06868336. The registered office is THE ORCHARD, MITHIAN, ST. AGNES, CORNWALL, TR5 0QF, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on Reducing Balance
General and Deferred 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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted of substantively enacted by the balance sheet date. 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 accounts. 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.
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AMPERSAND INDUSTRIES LTD Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 May 2023
4,610 
At 30 April 2024
4,610 
Depreciation
At 1 May 2023
3,074 
Charge for the year
384 
At 30 April 2024
3,458 
Net book value
At 30 April 2024
1,152 
At 30 April 2023
1,536 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,046 
3,754 
Accrued income and prepayments
9 
40 
2,055 
3,794 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,653 
1,885 
Trade creditors
- 
32 
Taxes and social security
1,164 
1,857 
Loans from directors
1,631 
1,675 
Accruals
1,213 
1,123 
5,661 
6,572 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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