Registered number
07143140
Andy Thorne Gardens Ltd
Filleted Accounts
31 May 2024
Andy Thorne Gardens Ltd
Registered number: 07143140
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 15,060 20,080
Current assets
Stocks 1,000 1,000
Debtors 4 22,467 33,594
Cash at bank and in hand 1,381 2,696
24,848 37,290
Creditors: amounts falling due within one year 5 (24,870) (22,276)
Net current (liabilities)/assets (22) 15,014
Total assets less current liabilities 15,038 35,094
Creditors: amounts falling due after more than one year 6 (10,679) (17,823)
Net assets 4,359 17,271
Capital and reserves
Called up share capital 1 1
Profit and loss account 4,358 17,270
Shareholders' funds 4,359 17,271
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A. Thorne
Director
Approved by the board on 31 October 2024
Andy Thorne Gardens Ltd
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Motor Vehicles 25% Reducing Balance
Fixtures, fittings, tools and equipment 25% Reducing Balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are recognised at transaction price.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are recognised at transaction price net of any transaction costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 June 2023 44,035 18,910 62,945
At 31 May 2024 44,035 18,910 62,945
Depreciation
At 1 June 2023 28,035 14,830 42,865
Charge for the year 4,000 1,020 5,020
At 31 May 2024 32,035 15,850 47,885
Net book value
At 31 May 2024 12,000 3,060 15,060
At 31 May 2023 16,000 4,080 20,080
4 Debtors 2024 2023
£ £
Trade debtors 7,462 9,589
Amounts owed by group undertakings and undertakings in which the company has a participating interest 15,005 24,005
22,467 33,594
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,000 3,000
Obligations under finance lease and hire purchase contracts 3,257 2,370
Taxation and social security costs 18,000 15,454
Other creditors 613 1,452
24,870 22,276
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 3,000 6,000
Obligations under finance lease and hire purchase contracts 7,679 11,823
10,679 17,823
7 Other information
Andy Thorne Gardens Ltd is a private company limited by shares and incorporated in England. Its registered office is:
255 Poulton Road
Wallasey
CH44 4BT
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