Registered number
01280174
Andark Promotions Limited
Unaudited Filleted Accounts
30 April 2024
Andark Promotions Limited
Registered number: 01280174
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 364,608 377,502
Current assets
Stocks 546,822 384,886
Debtors 4 92,923 41,737
Cash at bank and in hand 2,443 50,775
642,188 477,398
Creditors: amounts falling due within one year 5 (627,798) (401,790)
Net current assets 14,390 75,608
Total assets less current liabilities 378,998 453,110
Creditors: amounts falling due after more than one year 6 (101,118) (139,034)
Provisions for liabilities (38,220) (38,816)
Net assets 239,660 275,260
Capital and reserves
Called up share capital 100 100
Profit and loss account 239,560 275,160
Shareholders' funds 239,660 275,260
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.
Mr A P Goddard
Director
Approved by the board on 13 January 2025
Andark Promotions Limited
Notes to the Accounts
for the year ended 30 April 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 sale of goods and from rendering services. Turnover from the sale of goods is recognised at the point of sale which is usually when the goods are physically passed to the customer. 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 over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery 10% - 33% straight line
Motor vehicles 30% reducing balance
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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). 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 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. 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. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method.

The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life.

Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
Government Grants
Revenue based Government grants are recognised as income when there is reasonable certainty that the Company complies with the conditions attaching to them and that the grants will be received.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 25 22
3 Tangible fixed assets
Leasehold Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2023 1,179,258 340,526 46,489 1,566,273
Additions 26,162 11,143 - 37,305
At 30 April 2024 1,205,420 351,669 46,489 1,603,578
Depreciation
At 1 May 2023 839,173 309,996 39,602 1,188,771
Charge for the year 35,787 12,347 2,065 50,199
At 30 April 2024 874,960 322,343 41,667 1,238,970
Net book value
At 30 April 2024 330,460 29,326 4,822 364,608
At 30 April 2023 340,085 30,530 6,887 377,502
4 Debtors 2024 2023
£ £
Trade debtors 64,487 33,169
Corporation tax repayable 245 -
Other debtors 28,191 8,568
92,923 41,737
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 93,610 36,485
Obligations under finance lease and hire purchase contracts - 8,884
Trade creditors 426,798 214,721
Corporation tax - 16,389
Other taxes and social security costs 2,739 30,575
Other creditors 104,651 94,736
627,798 401,790
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 101,118 139,034
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 173,895 144,686
Bank loans are secured by a fixed and floating charge over all of the company's assets.
8 Other information
Andark Promotions Limited is a private company limited by shares and incorporated in England. Its registered office is:
Westville
Ober Road
Brockenhurst
Hampshire
SO42 7ST
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