Registered number
07452937
Andy Major Design Limited
Report and Accounts
31 December 2023
Andy Major Design Limited
Registered number: 07452937
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 3,002 1,387
Current assets
Debtors 4 83 9,846
Cash at bank and in hand 33,753 26,137
33,836 35,983
Creditors: amounts falling due within one year 5 (8,078) (12,159)
Net current assets 25,758 23,824
Net assets 28,760 25,211
Capital and reserves
Called up share capital 1 1
Profit and loss account 28,759 25,210
Shareholders' funds 28,760 25,211
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.
A S Major
Director
Approved by the board on 24 December 2024
Andy Major Design Limited
Notes to the Accounts
for the year ended 31 December 2023
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.
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
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 over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
Pensions
The company makes employers contributions to the Directors personal pension scheme and contributions are charged to the profit and loss account when they are incurred.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 5,813
Additions 2,451
At 31 December 2023 8,264
Depreciation
At 1 January 2023 4,426
Charge for the year 836
At 31 December 2023 5,262
Net book value
At 31 December 2023 3,002
At 31 December 2022 1,387
4 Debtors 2023 2022
£ £
Trade debtors - 9,846
Other debtors 83 -
83 9,846
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,200 60
Corporation tax 4,492 5,214
Other taxes and social security costs - 4,760
Other creditors 2,386 2,125
8,078 12,159
6 Other information
Andy Major Design Limited is a private company limited by shares and incorporated in England. Its registered office is:
Fides House
10 Chertsey Road
Woking
Surrey
GU21 5AB
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