2023-03-01 07267601 2024-02-28 07267601 2023-03-01 2024-02-28 07267601 2023-02-28 07267601 2022-03-01 2023-02-28 07267601 uk-core:WithinOneYear 2023-02-28 07267601 uk-core:WithinOneYear 2024-02-28 07267601 uk-core:AfterOneYear 2023-02-28 07267601 uk-core:AfterOneYear 2024-02-28 07267601 uk-core:ShareCapital 2024-02-28 07267601 uk-core:ShareCapital 2023-02-28 07267601 uk-core:RetainedEarningsAccumulatedLosses 2024-02-28 07267601 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 07267601 uk-bus:Director1 2023-03-01 2024-02-28 07267601 uk-core:ToolsEquipment 2023-02-28 07267601 uk-core:FurnitureFittings 2023-02-28 07267601 uk-core:MotorVehicles 2023-02-28 07267601 uk-core:PlantMachinery 2023-02-28 07267601 uk-core:MotorVehicles 2024-02-28 07267601 uk-core:FurnitureFittings 2024-02-28 07267601 uk-core:ToolsEquipment 2024-02-28 07267601 uk-core:PlantMachinery 2024-02-28 07267601 uk-core:ToolsEquipment 2023-03-01 2024-02-28 07267601 uk-core:FurnitureFittings 2023-03-01 2024-02-28 07267601 uk-core:MotorVehicles 2023-03-01 2024-02-28 07267601 uk-core:PlantMachinery 2023-03-01 2024-02-28 07267601 uk-core:WithinOneYear 2024-02-28 07267601 uk-core:WithinOneYear 2023-02-28 07267601 uk-core:AfterOneYear uk-core:Secured 2024-02-28 07267601 uk-core:AfterOneYear uk-core:Secured 2023-02-28 iso4217:GBP xbrli:pure 07267601 uk-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-28 07267601 uk-bus:FRS102 2023-03-01 2024-02-28 07267601 uk-bus:FilletedAccounts 2023-03-01 2024-02-28 07267601 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28
Andrew Muir Decorative Arts and Design Ltd
Registered Number:07267601
For the year ended 28 February 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2024
Andrew Muir Decorative Arts and Design Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
07267601
As at 28 February 2024
Andrew Muir Decorative Arts and Design Ltd
Statement of Financial Position
Restated
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
10,226
12,568
2
10,226
12,568
Current assets
Inventories
30,784
10,246
3
Trade and other receivables
18,979
36,979
4
737
Cash and cash equivalents
27,881
75,106
50,500
Trade and other payables: amounts falling due within one
year
(118,540)
(124,557)
5
(68,040)
(49,451)
Net current liabilities
Total assets less current liabilities
(39,225)
(55,472)
Trade and other payables: amounts falling due after more
than one year
(32,253)
(21,604)
6
(60,829)
Net liabilities
(87,725)
Capital and reserves
Called up share capital
100
100
Retained earnings
(60,929)
(87,825)
(60,829)
(87,725)
Shareholders' funds
For the year ended 28 February 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mrs J Muir Director
These financial statements were approved and authorised for issue by the Board on 30 September 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 28 February 2024
Andrew Muir Decorative Arts and Design Ltd
Notes to the Financial Statements
Statutory Information
Andrew Muir Decorative Arts and Design Ltd is a private limited company, limited by shares, domiciled in England and
Wales, registration number 07267601.
Registered address:
Unit 2, St James Court
Bridgnorth Road
Wollaston
Stourbridge
DY8 3QG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
£
Cost or
valuation
At 01 March 2023
33,970
1,000
9,463
22,350
1,157
At 28 February 2024
22,350
9,463
1,000
33,970
1,157
Provision for depreciation and impairment
At 01 March 2023
21,402
728
6,669
13,195
810
Charge for year
2,342
40
419
1,831
52
At 28 February 2024
23,744
768
7,088
15,026
862
At 28 February 2024
Net book value
295
7,324
2,375
232
10,226
At 28 February 2023
347
9,155
2,794
272
12,568
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5
For the year ended 28 February 2024
Andrew Muir Decorative Arts and Design Ltd
Notes to the Financial Statements Continued
3. Inventories
2023
2024
£
£
Stocks
10,246
30,784
4. Trade and other receivables
2023
2024
£
£
Other debtors
36,979
18,979
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
91,962
84,404
Trade creditors
1
(1)
Taxation and social security
20,289
21,832
Other creditors
12,305
12,305
124,557
118,540
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
21,604
32,253
7. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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