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Registered number: 05008573
Andy's Gas Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Melrose (UK) Ltd
8 St. Mary Street
Thornbury
Bristol
BS35 2AB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05008573
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 282,267 230,961
282,267 230,961
CURRENT ASSETS
Stocks 6 78,558 74,139
Debtors 7 34,521 19,865
Cash at bank and in hand 27,810 56,962
140,889 150,966
Creditors: Amounts Falling Due Within One Year 8 (165,312 ) (147,728 )
NET CURRENT ASSETS (LIABILITIES) (24,423 ) 3,238
TOTAL ASSETS LESS CURRENT LIABILITIES 257,844 234,199
NET ASSETS 257,844 234,199
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 257,744 234,099
SHAREHOLDERS' FUNDS 257,844 234,199
Page 1
Page 2
For the year ending 31 January 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 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Carolyn Hollister-Criddle
Director
17/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Andy's Gas Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05008573 . The registered office is Our House, Cribbs Causeway, Bristol, Gloucestershire, BS10 7TU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Motor Vehicles 25% reducing balance
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 11 (2023: 11)
11 11
4. Intangible Assets
Goodwill
£
Cost
As at 1 February 2023 5,000
As at 31 January 2024 5,000
Amortisation
As at 1 February 2023 5,000
As at 31 January 2024 5,000
...CONTINUED
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Page 4
Net Book Value
As at 31 January 2024 -
As at 1 February 2023 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 February 2023 707,252 132,764 840,016
Additions 114,947 - 114,947
As at 31 January 2024 822,199 132,764 954,963
Depreciation
As at 1 February 2023 495,395 113,660 609,055
Provided during the period 58,864 4,777 63,641
As at 31 January 2024 554,259 118,437 672,696
Net Book Value
As at 31 January 2024 267,940 14,327 282,267
As at 1 February 2023 211,857 19,104 230,961
6. Stocks
2024 2023
£ £
Stock 78,558 74,139
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 34,521 19,865
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 57,758 55,177
Other creditors 102,377 92,551
Taxation and social security 5,177 -
165,312 147,728
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
10. Related Party Transactions
Included in other creditors at the end of the current financial period is £77,018 owed to directors.
Page 4