Registered number
SC652208
Andrew James Interiors Ltd
Filleted Accounts
31 January 2024
Andrew James Interiors Ltd
Registered number: SC652208
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,381 5,476
Current assets
Debtors 4 2,100 2,900
Cash at bank and in hand 70 179
2,170 3,079
Creditors: amounts falling due within one year 5 (703) (715)
Net current assets 1,467 2,364
Total assets less current liabilities 5,848 7,840
Creditors: amounts falling due after more than one year 6 (5,338) (7,342)
Net assets 510 498
Capital and reserves
Called up share capital 2 2
Profit and loss account 508 496
Shareholders' funds 510 498
The directors are 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 directors acknowledge their 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.
J Greig
Director
Approved by the board on 20 September 2024
Andrew James Interiors Ltd
Notes to the Accounts
for the year ended 31 January 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 evenly over its expected useful life, as follows:
Plant and machinery 25% on a reducing balance basis
Fixtures, fittings, tools and equipment 25% on a reducing balance basis
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 initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax asset is recognised in respect of a tax loss from a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2023 8,556
At 31 January 2024 8,556
Depreciation
At 1 February 2023 3,080
Charge for the year 1,095
At 31 January 2024 4,175
Net book value
At 31 January 2024 4,381
At 31 January 2023 5,476
4 Debtors 2024 2023
£ £
Other debtors 2,100 2,900
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 55
Other creditors 703 660
703 715
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 5,333 7,333
Director's account 5 9
5,338 7,342
7 Other information
Andrew James Interiors Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
1 Erskine Street
Buckhaven
Leven
Fife
KY8 1JT
Andrew James Interiors Ltd SC652208 false 2023-02-01 2024-01-31 2024-01-31 VT Final Accounts April 2024 J Greig No description of principal activity SC652208 2022-02-01 2023-01-31 SC652208 core:WithinOneYear 2023-01-31 SC652208 core:AfterOneYear 2023-01-31 SC652208 core:ShareCapital 2023-01-31 SC652208 core:RetainedEarningsAccumulatedLosses 2023-01-31 SC652208 2023-02-01 2024-01-31 SC652208 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 SC652208 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 SC652208 bus:Director40 2023-02-01 2024-01-31 SC652208 1 2023-02-01 2024-01-31 SC652208 2 2023-02-01 2024-01-31 SC652208 core:PlantMachinery 2023-02-01 2024-01-31 SC652208 countries:England 2023-02-01 2024-01-31 SC652208 bus:FRS102 2023-02-01 2024-01-31 SC652208 bus:FilletedAccounts 2023-02-01 2024-01-31 SC652208 2024-01-31 SC652208 core:WithinOneYear 2024-01-31 SC652208 core:AfterOneYear 2024-01-31 SC652208 core:ShareCapital 2024-01-31 SC652208 core:RetainedEarningsAccumulatedLosses 2024-01-31 SC652208 core:PlantMachinery 2024-01-31 SC652208 2023-01-31 SC652208 core:PlantMachinery 2023-01-31 iso4217:GBP xbrli:pure