IT'S A WRAP (ANDOVER) LIMITED

Company Registration Number:
09935397 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

IT'S A WRAP (ANDOVER) LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

IT'S A WRAP (ANDOVER) LIMITED

Company Information

for the Period Ended 31 January 2024




Director: Mrs L A Simmonds
Mrs J Dickens
Secretary: Mrs L A Simmonds
Registered office: 35
Sheldrake Road
Christchurch
England
BH23 4BW
Company Registration Number: 09935397 (England and Wales)

IT'S A WRAP (ANDOVER) LIMITED

Balance sheet

As at 31 January 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 1,997 1,303
Total fixed assets: 1,997 1,303
Current assets
Stocks: 1,800 1,500
Debtors: 5 1,834 974
Cash at bank and in hand: 1,585 4,618
Total current assets: 5,219 7,092
Creditors: amounts falling due within one year: 6 ( 5,419 ) ( 4,816 )
Net current assets (liabilities): ( 200 ) 2,276
Total assets less current liabilities: 1,797 3,579
Total net assets (liabilities): 1,797 3,579

The notes form part of these financial statements

IT'S A WRAP (ANDOVER) LIMITED

Balance sheet continued

As at 31 January 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 1,795 3,577
Shareholders funds: 1,797 3,579

For the year ending 31 January 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 28 September 2024
And Signed On Behalf Of The Board By:

Name: Mrs L A Simmonds
Status: Director

The notes form part of these financial statements

IT'S A WRAP (ANDOVER) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover consists of the invoiced value(including VAT) receivable by the company in the ordinary course of business for goods supplied and for services supplied as principal

    Tangible fixed assets depreciation policy

    Depreciation is calculated to write off the cost, less estimated residual values, of the tangible fixed assets over their estimated useful lives to the business. Where there is evidence of impairment, fixed assets are written down to receivable amount. Any such write down would be charged to operating profit

    25 Reducing Balance

IT'S A WRAP (ANDOVER) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 2 2

IT'S A WRAP (ANDOVER) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

  • 3. Off balance sheet disclosure

    No

IT'S A WRAP (ANDOVER) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Tangible assets

Fixtures & fittings Total
Cost £ £
At 01 February 2023 3,344 3,344
Additions 1,173 1,173
Disposals ( 1,023 ) ( 1,023 )
Revaluations - -
Transfers - -
At 31 January 2024 3,494 3,494
Depreciation
At 01 February 2023 2,041 2,041
Charge for year 356 356
On disposals ( 900 ) ( 900 )
Other adjustments - -
At 31 January 2024 1,497 1,497
Net book value
At 31 January 2024 1,997 1,997
At 31 January 2023 1,303 1,303

Depreciation is calculated to write off the cost, less estimated residual values, of the tangible fixed assets over their estimated useful lives to the business. Where there is evidence of impairment, fixed assets are written down to a receivable amount. Any such written down would be charged to operating profit

Fixtures and Fittings - 25% Reducing Balance

IT'S A WRAP (ANDOVER) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

5. Debtors


2024
£

2023
£
Trade debtors 474
Prepayments and accrued income 500
Other debtors 1,834
Total 1,834 974

IT'S A WRAP (ANDOVER) LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

6.Creditors: amounts falling due within one year note


2024
£

2023
£
Trade creditors 88
Taxation and social security 394
Other creditors 5,419 4,334
Total 5,419 4,816