IRIS Accounts Production v24.2.0.383 10232239 Board of Directors 1.4.23 31.3.24 31.3.24 0 0 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 Ordinary D 1.00000 Ordinary E 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh102322392023-03-31102322392024-03-31102322392023-04-012024-03-31102322392022-03-31102322392022-04-012023-03-31102322392023-03-3110232239ns15:EnglandWales2023-04-012024-03-3110232239ns14:PoundSterling2023-04-012024-03-3110232239ns10:Director12023-04-012024-03-3110232239ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3110232239ns10:SmallEntities2023-04-012024-03-3110232239ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3110232239ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3110232239ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3110232239ns10:FullAccounts2023-04-012024-03-3110232239ns10:OrdinaryShareClass12023-04-012024-03-3110232239ns10:OrdinaryShareClass22023-04-012024-03-3110232239ns10:OrdinaryShareClass32023-04-012024-03-3110232239ns10:OrdinaryShareClass42023-04-012024-03-3110232239ns10:OrdinaryShareClass52023-04-012024-03-3110232239ns10:Director22023-04-012024-03-3110232239ns10:Director32023-04-012024-03-3110232239ns10:RegisteredOffice2023-04-012024-03-3110232239ns5:CurrentFinancialInstruments2024-03-3110232239ns5:CurrentFinancialInstruments2023-03-3110232239ns5:ShareCapital2024-03-3110232239ns5:ShareCapital2023-03-3110232239ns5:RetainedEarningsAccumulatedLosses2024-03-3110232239ns5:RetainedEarningsAccumulatedLosses2023-03-3110232239ns5:PlantMachinery2023-04-012024-03-3110232239ns5:MotorVehicles2023-04-012024-03-3110232239ns5:PlantMachinery2023-03-3110232239ns5:MotorVehicles2023-03-3110232239ns5:PlantMachinery2024-03-3110232239ns5:MotorVehicles2024-03-3110232239ns5:PlantMachinery2023-03-3110232239ns5:MotorVehicles2023-03-3110232239ns5:LeasedAssetsHeldAsLessee2023-04-012024-03-3110232239ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3110232239ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3110232239ns5:DeferredTaxation2023-03-3110232239ns5:DeferredTaxation2023-04-012024-03-3110232239ns5:DeferredTaxation2024-03-3110232239ns10:OrdinaryShareClass12024-03-3110232239ns10:OrdinaryShareClass22024-03-3110232239ns10:OrdinaryShareClass32024-03-3110232239ns10:OrdinaryShareClass42024-03-3110232239ns10:OrdinaryShareClass52024-03-31
REGISTERED NUMBER: 10232239 (England and Wales)















Andawes Commercials Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Andawes Commercials Limited (Registered number: 10232239)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Andawes Commercials Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: DS Jones
AJ Jones
WDC Jones





REGISTERED OFFICE: Suite 5
Farington House
Lancashire Business Park
Leyland
Lancashire
PR26 6TW





REGISTERED NUMBER: 10232239 (England and Wales)





ACCOUNTANTS: McMillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

Andawes Commercials Limited (Registered number: 10232239)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 114,864 212,745

CURRENT ASSETS
Stocks 27,841 28,069
Debtors 5 580,046 949,884
Cash at bank and in hand 100,607 217,503
708,494 1,195,456
CREDITORS
Amounts falling due within one year 6 42,588 624,224
NET CURRENT ASSETS 665,906 571,232
TOTAL ASSETS LESS CURRENT
LIABILITIES

780,770

783,977

PROVISIONS FOR LIABILITIES 8 28,716 43,177
NET ASSETS 752,054 740,800

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 751,954 740,700
SHAREHOLDERS' FUNDS 752,054 740,800

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Andawes Commercials Limited (Registered number: 10232239)

Balance Sheet - continued
31 March 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 October 2024 and were signed on its behalf by:





DS Jones - Director


Andawes Commercials Limited (Registered number: 10232239)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Andawes Commercials Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£) and the amounts in the financial statements have been rounded to the nearest £1.

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
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Andawes Commercials Limited (Registered number: 10232239)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments, bank balances and group debts, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£ £ £
COST
At 1 April 2023 22,163 632,026 654,189
Additions 6,206 108,410 114,616
Disposals - (612,378 ) (612,378 )
At 31 March 2024 28,369 128,058 156,427
DEPRECIATION
At 1 April 2023 4,988 436,456 441,444
Charge for year 5,587 21,306 26,893
Eliminated on disposal - (426,774 ) (426,774 )
At 31 March 2024 10,575 30,988 41,563
NET BOOK VALUE
At 31 March 2024 17,794 97,070 114,864
At 31 March 2023 17,175 195,570 212,745

Included within tangible fixed assets are assets held under hire purchase and finance lease agreements. The net book value of these assets at the year end was £nil (2023: £75,592) and the depreciation charged on these assets in the year was £nil (2023: £25,198).

Andawes Commercials Limited (Registered number: 10232239)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 17,044 6,163
Other debtors 563,002 943,721
580,046 949,884

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Hire purchase contracts - 23,938
Trade creditors - 4,335
Taxation and social security 26,333 67,736
Other creditors 16,255 528,215
42,588 624,224

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Hire purchase contracts - 23,938

8. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax
Accelerated capital allowances 28,716 43,177

Deferred tax
£
Balance at 1 April 2023 43,177
Credit to Statement of Income and Retained Earnings during year (14,461 )
Balance at 31 March 2024 28,716

Deferred tax has been calculated using a tax rate of 25% (2022: 25%).

Andawes Commercials Limited (Registered number: 10232239)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
51 Ordinary A £1 51 51
22 Ordinary B £1 22 22
25 Ordinary C £1 25 25
1 Ordinary D £1 1 1
1 Ordinary E £1 1 1
100 100

10. RELATED PARTY DISCLOSURES

In the opinion of the directors the company is controlled by Mr DS Jones, a director of the company, and his immediate family by virtue of their shareholdings.

During the year the company sold goods and services for £279,328 (2023: £351,204) to Jones Lighting Limited, a company in which Mr DS Jones is also a director. The amounts paid were the normal market rates for such goods and services.