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Registered number: 3884418
Amanda Baring Design Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
JML Business Services Limited
25 Church Street
Godalming
Surrey
GU7 1EL
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—4
Page 1
Statement of Financial Position
Registered number: 3884418
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 8,514 11,700
8,514 11,700
CURRENT ASSETS
Debtors 4 75,739 87,162
Cash at bank and in hand 350 350
76,089 87,512
Creditors: Amounts Falling Due Within One Year 5 (74,583 ) (71,963 )
NET CURRENT ASSETS (LIABILITIES) 1,506 15,549
TOTAL ASSETS LESS CURRENT LIABILITIES 10,020 27,249
Creditors: Amounts Falling Due After More Than One Year 6 (9,603 ) (12,130 )
NET ASSETS 417 15,119
CAPITAL AND RESERVES
Called up share capital 8 2 2
Income Statement 415 15,117
SHAREHOLDERS' FUNDS 417 15,119
Page 1
Page 2
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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 Income Statement.
On behalf of the board
Mrs Amanda Baring
Director
24/10/2024
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
Amanda Baring Design Limited is a private company, limited by shares, incorporated in England & Wales, registered number 3884418 . The registered office is 52 Rowena Crescent, London, SW11 2PT.
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. 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:
Motor Vehicles 20% Straight line
Fixtures & Fittings 15% Reducing balance
Computer Equipment 33% Straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Debtors
2023 2022
£ £
Due within one year
Trade debtors 4,200 6,591
S455 recoverable 20,684 20,684
Director's loan account 50,855 59,887
75,739 87,162
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Page 4
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 3,423 3,423
Trade creditors 6,978 14,213
Bank loans and overdrafts 7,993 1,929
Corporation tax 10,549 9,642
Other taxes and social security 488 -
VAT 18,487 16,092
Other creditors 25,500 25,499
Accruals and deferred income 1,165 1,165
74,583 71,963
6. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 9,603 12,130
7. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,423 3,423
Later than one year and not later than five years 9,603 12,130
13,026 15,553
13,026 15,553
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
At the year end there is a balance owing from the director of £50,855 (2022 - £59,887) The above loan is unsecured, repayable on demand and interest is charged on the loan at the HMRC official rate
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