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REGISTERED NUMBER: 11385994 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

ANSDELL ASSOCIATES LIMITED

ANSDELL ASSOCIATES LIMITED (REGISTERED NUMBER: 11385994)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ANSDELL ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTOR: Mr R Hezel





REGISTERED OFFICE: 17 Moor Park Avenue
Preston
Lancashire
PR1 6AS





REGISTERED NUMBER: 11385994 (England and Wales)





ACCOUNTANTS: SBCA Chartered Accountants
17 Moor Park Avenue
Preston
Lancashire
PR1 6AS

ANSDELL ASSOCIATES LIMITED (REGISTERED NUMBER: 11385994)

BALANCE SHEET
31ST MAY 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 232 874

CURRENT ASSETS
Debtors 5 9,024 2,899
Cash at bank 354 185
9,378 3,084
CREDITORS
Amounts falling due within one year 6 (9,083 ) (3,295 )
NET CURRENT ASSETS/(LIABILITIES) 295 (211 )
TOTAL ASSETS LESS CURRENT LIABILITIES 527 663

PROVISIONS FOR LIABILITIES 7 (44 ) (166 )
NET ASSETS 483 497

RESERVES
Retained earnings 9 483 497
SHAREHOLDERS' FUNDS 483 497

ANSDELL ASSOCIATES LIMITED (REGISTERED NUMBER: 11385994)

BALANCE SHEET - continued
31ST MAY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23rd January 2025 and were signed by:





Mr R Hezel - Director


ANSDELL ASSOCIATES LIMITED (REGISTERED NUMBER: 11385994)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024


1. STATUTORY INFORMATION

Ansdell Associates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

ANSDELL ASSOCIATES LIMITED (REGISTERED NUMBER: 11385994)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Basic financial assets:
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future cash flows discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities:
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities:
Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future cash flows discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if the payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest rate method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


ANSDELL ASSOCIATES LIMITED (REGISTERED NUMBER: 11385994)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st June 2023
and 31st May 2024 2,568
DEPRECIATION
At 1st June 2023 1,694
Charge for year 642
At 31st May 2024 2,336
NET BOOK VALUE
At 31st May 2024 232
At 31st May 2023 874

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 9,024 2,899

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 9,083 3,295

ANSDELL ASSOCIATES LIMITED (REGISTERED NUMBER: 11385994)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


7. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 44 166

Deferred
tax
£   
Balance at 1st June 2023 166
Provided during year (122 )
Balance at 31st May 2024 44

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully
paid:


Number

Class

Nominal
Value

£   
25 Ordinary A £1 25
25 Ordinary B £1 25
25 Ordinary C £1 25
25 Ordinary D £1 25


9. RESERVES
Retained
earnings
£   

At 1st June 2023 497
Profit for the year 37,986
Dividends (38,000 )
At 31st May 2024 483

ANSDELL ASSOCIATES LIMITED (REGISTERED NUMBER: 11385994)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024


10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st May 2024 and 31st May 2023:

31.5.24 31.5.23
£    £   
Mr R Hezel
Balance outstanding at start of year 2,898 6,167
Amounts advanced 53,660 20,538
Amounts repaid (47,534 ) (23,807 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,024 2,898

The maximum balance the Directors Loan Account was overdrawn by, during the year, was
£49,344. Interest has been charged at the HMRC approved interest rate on the outstanding
balance. Amounts are repayable on demand.