Andrew Fleming Associates Limited 04833519 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is that of consultants in the acquisition, development and management of property Digita Accounts Production Advanced 6.30.9574.0 true 04833519 2023-05-01 2024-04-30 04833519 2024-04-30 04833519 core:CurrentFinancialInstruments 2024-04-30 04833519 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 04833519 core:Goodwill 2024-04-30 04833519 core:FurnitureFittingsToolsEquipment 2024-04-30 04833519 bus:SmallEntities 2023-05-01 2024-04-30 04833519 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 04833519 bus:FullAccounts 2023-05-01 2024-04-30 04833519 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 04833519 bus:RegisteredOffice 2023-05-01 2024-04-30 04833519 bus:CompanySecretaryDirector1 2023-05-01 2024-04-30 04833519 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04833519 core:Goodwill 2023-05-01 2024-04-30 04833519 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 04833519 countries:EnglandWales 2023-05-01 2024-04-30 04833519 core:Goodwill 2023-04-30 04833519 core:FurnitureFittingsToolsEquipment 2023-04-30 04833519 2022-05-01 2023-04-30 04833519 2023-04-30 04833519 core:CurrentFinancialInstruments 2023-04-30 04833519 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 04833519 core:FurnitureFittingsToolsEquipment 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 04833519

Prepared for the registrar

Andrew Fleming Associates Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Andrew Fleming Associates Limited

(Registration number: 04833519)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

-

-

Tangible assets

5

350

1,059

 

350

1,059

Current assets

 

Debtors

6

13,539

24,431

Cash at bank and in hand

 

205,422

266,004

 

218,961

290,435

Creditors: Amounts falling due within one year

7

(9,332)

(5,554)

Net current assets

 

209,629

284,881

Total assets less current liabilities

 

209,979

285,940

Deferred tax liabilities

 

(88)

(265)

Net assets

 

209,891

285,675

Capital and reserves

 

Called up share capital

1,000

1,000

Profit and loss account

208,891

284,675

Shareholders' funds

 

209,891

285,675

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 13 November 2024
 

E J Fleming
Company secretary and director

   
     
 

Andrew Fleming Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

 

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Windsor House
Bayshill Road
Cheltenham
Gloucestershire
GL50 3AT

The principal place of business is:
Old Well House
Townsend
All Cannings
Devizes
Wiltshire
SN10 3NX

 

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Judgements

No significant judgements have been made by management in preparing these financial statements.

Key sources of estimation uncertainty

No key sources of estimation uncertainty have been identified by management in preparing these financial statements other than those detailed in these accounting policies.

Tax

The tax expense for the period comprises and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 

Andrew Fleming Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

25% reducing balance

Goodwill

Goodwill is fully amortised.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments


Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.

 Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

 Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

 

Andrew Fleming Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 3).

 

4

Intangible assets

Goodwill
 £

Cost

At 1 May 2023

150,000

At 30 April 2024

150,000

Amortisation

At 1 May 2023

150,000

At 30 April 2024

150,000

Carrying amount

At 30 April 2024

-

 

Andrew Fleming Associates Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

 

5

Tangible assets

Furniture, fittings and equipment
 £

Cost

At 1 May 2023

29,164

Disposals

(25,583)

At 30 April 2024

3,581

Depreciation

At 1 May 2023

28,105

Charge for the year

278

Eliminated on disposal

(25,152)

At 30 April 2024

3,231

Carrying amount

At 30 April 2024

350

At 30 April 2023

1,059

 

6

Debtors

Note

2024
 £

2023
 £

Amounts owed by related parties

8

-

3,474

Other debtors

 

13,539

9,776

Corporation tax asset

-

11,181

   

13,539

24,431

 

7

Creditors

Note

2024
 £

2023
 £

Due within one year

 

Amounts due to related parties

8

5,212

11

Social security and other taxes

 

7

505

Other creditors

 

228

1,153

Accrued expenses

 

3,885

3,885

 

9,332

5,554

 

8

Related party transactions

At 30 April 2024, the company owed £5,201 to (2023 - £2,174 owed from) E Fleming in the form a director's loan account.

No interest was charged on the above balances and there are no fixed repayment terms.