1 30/11/2023 2023-11-30 false false false false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2022-11-09 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 14474027 2022-11-09 2023-11-30 14474027 2023-11-30 14474027 bus:RegisteredOffice 2022-11-09 2023-11-30 14474027 bus:LeadAgentIfApplicable 2022-11-09 2023-11-30 14474027 bus:Director1 2022-11-09 2023-11-30 14474027 core:ShareCapital 2022-11-09 2023-11-30 14474027 core:RetainedEarningsAccumulatedLosses 2022-11-09 2023-11-30 14474027 core:WithinOneYear 2023-11-30 14474027 core:ShareCapital 2023-11-30 14474027 core:RetainedEarningsAccumulatedLosses 2023-11-30 14474027 bus:Director1 2023-11-30 14474027 bus:SmallEntities 2022-11-09 2023-11-30 14474027 bus:AuditExempt-NoAccountantsReport 2022-11-09 2023-11-30 14474027 bus:FullAccounts 2022-11-09 2023-11-30 14474027 bus:SmallCompaniesRegimeForAccounts 2022-11-09 2023-11-30 14474027 bus:PrivateLimitedCompanyLtd 2022-11-09 2023-11-30
Company registration number: 14474027
Andy Supply Limited
Unaudited filleted financial statements
30 November 2023
Andy Supply Limited
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Andy Supply Limited
Directors and other information
Director Mr Kwong Fai Wong (Appointed 9 November 2022)
Company number 14474027
Registered office Flat 7, Beaver House
47-49 Highbury Park
London
N5 1TH
Accountants Leftley Rowe & Co
2nd Floor
107 Charterhouse Street
London
EC1M 6HW
Andy Supply Limited
Statement of financial position
30 November 2023
30/11/23
Note £ £
Current assets
Debtors 5 8,622
Cash at bank and in hand 12,462
_______
21,084
Creditors: amounts falling due
within one year 6 ( 5,690)
_______
Net current assets 15,394
_______
Total assets less current liabilities 15,394
_______
Net assets 15,394
_______
Capital and reserves
Called up share capital 1
Profit and loss account 15,393
_______
Shareholders funds 15,394
_______
For the period ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 20 September 2024 , and are signed on behalf of the board by:
Mr Kwong Fai Wong
Director
Company registration number: 14474027
Andy Supply Limited
Statement of changes in equity
Period ended 30 November 2023
Called up share capital Profit and loss account Total
£ £ £
At 9 November 2022 - - -
Profit for the period 15,393 15,393
_______ _______ _______
Total comprehensive income for the period - 15,393 15,393
Issue of shares 1 1
_______ _______ _______
Total investments by and distributions to owners 1 - 1
_______ _______ _______
At 30 November 2023 1 15,393 15,394
_______ _______ _______
Andy Supply Limited
Notes to the financial statements
Period ended 30 November 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Flat 7, Beaver House, 47-49 Highbury Park, London, N5 1TH.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Staff costs
The average number of persons employed by the company during the period amounted to 1
The aggregate payroll costs incurred during the period were:
period
ended
30/11/23
£
Wages and salaries 1,719
_______
5. Debtors
30/11/23
£
Trade debtors 2,604
Other debtors 6,018
_______
8,622
_______
6. Creditors: amounts falling due within one year
30/11/23
£
Trade creditors 1,079
Corporation tax 3,611
Other creditors 1,000
_______
5,690
_______
7. Directors advances, credits and guarantees
During the period the director entered into the following advances and credits with the company:
period ended 30/11/23
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Mr Kwong Fai Wong - 6,018 6,018
_______ _______ _______