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REGISTERED NUMBER: 05704561 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 January 2024

for

Andaros Limited

Andaros Limited (Registered number: 05704561)






Contents of the Financial Statements
for the Year Ended 30 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Andaros Limited

Company Information
for the Year Ended 30 January 2024







DIRECTORS: A J Haygarth
M W Robson
P D Mcculloch





REGISTERED OFFICE: 24 Dale Street
Manchester
Greater Manchester
M1 1FY





REGISTERED NUMBER: 05704561 (England and Wales)





ACCOUNTANTS: Sawyer Quine & Co
202 Merlin Park
Ringtail Road
Burscough
Ormskirk
Lancashire
L40 8JY

Andaros Limited (Registered number: 05704561)

Balance Sheet
30 January 2024

30.1.24 30.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 539,431 506,130

CURRENT ASSETS
Stocks - 23,296
Debtors 5 54,755 114,357
Cash at bank 747 116,422
55,502 254,075
CREDITORS
Amounts falling due within one year 6 408,195 383,596
NET CURRENT LIABILITIES (352,693 ) (129,521 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

186,738

376,609

PROVISIONS FOR LIABILITIES 8 59,420 47,451
NET ASSETS 127,318 329,158

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Share premium 224,057 224,057
Retained earnings (97,739 ) 104,101
SHAREHOLDERS' FUNDS 127,318 329,158

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 January 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.

Andaros Limited (Registered number: 05704561)

Balance Sheet - continued
30 January 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





A J Haygarth - Director


Andaros Limited (Registered number: 05704561)

Notes to the Financial Statements
for the Year Ended 30 January 2024

1. STATUTORY INFORMATION

Andaros 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 (£).


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.
Leasehold improvements - 6.25% on cost
Plant and machinery - 20% 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.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial asses and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Andaros Limited (Registered number: 05704561)

Notes to the Financial Statements - continued
for the Year Ended 30 January 2024

2. ACCOUNTING POLICIES - continued
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.

Leases
Rentals payable under operating leases, including any lease incentives received, are charged to income on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which the economic benefits from the lease asset are consumed.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 23 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Leasehold machinery
improvements etc Totals
£    £    £   
COST
At 31 January 2023 1,045,506 373,687 1,419,193
Additions 9,015 133,178 142,193
At 30 January 2024 1,054,521 506,865 1,561,386
DEPRECIATION
At 31 January 2023 636,376 276,687 913,063
Charge for year 65,465 43,427 108,892
At 30 January 2024 701,841 320,114 1,021,955
NET BOOK VALUE
At 30 January 2024 352,680 186,751 539,431
At 30 January 2023 409,130 97,000 506,130

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.1.24 30.1.23
£    £   
Trade debtors 20,509 97,603
Other debtors 34,246 16,754
54,755 114,357

Andaros Limited (Registered number: 05704561)

Notes to the Financial Statements - continued
for the Year Ended 30 January 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.1.24 30.1.23
£    £   
Trade creditors 133,447 136,392
Taxation and social security 125,402 201,527
Other creditors 149,346 45,677
408,195 383,596

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.1.24 30.1.23
£    £   
Within one year 60,000 60,000
Between one and five years 207,000 240,000
In more than five years - 27,000
267,000 327,000

8. PROVISIONS FOR LIABILITIES
30.1.24 30.1.23
£    £   
Deferred tax 59,420 47,451

Deferred
tax
£   
Balance at 31 January 2023 47,451
Accelerated capital allowances 11,969
Balance at 30 January 2024 59,420

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.1.24 30.1.23
value: £    £   
1,000 Ordinary £1.00 1,000 1,000