Caseware UK (AP4) 2023.0.135 2023.0.135 2024-06-302024-06-30trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-07-01falseNo description of principal activity22falsefalse 09663565 2023-07-01 2024-06-30 09663565 2022-07-01 2023-06-30 09663565 2024-06-30 09663565 2023-06-30 09663565 c:Director1 2023-07-01 2024-06-30 09663565 d:PlantMachinery 2023-07-01 2024-06-30 09663565 d:PlantMachinery 2024-06-30 09663565 d:PlantMachinery 2023-06-30 09663565 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09663565 d:MotorVehicles 2023-07-01 2024-06-30 09663565 d:MotorVehicles 2024-06-30 09663565 d:MotorVehicles 2023-06-30 09663565 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09663565 d:FurnitureFittings 2023-07-01 2024-06-30 09663565 d:FurnitureFittings 2024-06-30 09663565 d:FurnitureFittings 2023-06-30 09663565 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09663565 d:OtherPropertyPlantEquipment 2023-07-01 2024-06-30 09663565 d:OtherPropertyPlantEquipment 2024-06-30 09663565 d:OtherPropertyPlantEquipment 2023-06-30 09663565 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09663565 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 09663565 d:CurrentFinancialInstruments 2024-06-30 09663565 d:CurrentFinancialInstruments 2023-06-30 09663565 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 09663565 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 09663565 d:ShareCapital 2024-06-30 09663565 d:ShareCapital 2023-06-30 09663565 d:RetainedEarningsAccumulatedLosses 2024-06-30 09663565 d:RetainedEarningsAccumulatedLosses 2023-06-30 09663565 c:FRS102 2023-07-01 2024-06-30 09663565 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09663565 c:FullAccounts 2023-07-01 2024-06-30 09663565 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09663565 2 2023-07-01 2024-06-30 09663565 e:PoundSterling 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Registered number: 09663565









ANDOVER ENGINEERING LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
ANDOVER ENGINEERING LTD
REGISTERED NUMBER: 09663565

BALANCE SHEET
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
110,755
96,243

  
110,755
96,243

Current assets
  

Stocks
 5 
18,950
18,100

Debtors: amounts falling due within one year
 6 
2,749
2,232

Cash at bank and in hand
 7 
104,862
147,188

  
126,561
167,520

Creditors: amounts falling due within one year
 8 
(150,980)
(177,965)

Net current liabilities
  
 
 
(24,419)
 
 
(10,445)

Total assets less current liabilities
  
86,336
85,798

  

Net assets
  
86,336
85,798


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
86,335
85,797

  
86,336
85,798

Page 1

 
ANDOVER ENGINEERING LTD
REGISTERED NUMBER: 09663565
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 14 February 2025.




................................................
Tracy Bennett
Director

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
ANDOVER ENGINEERING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Andover Engineering Ltd is a private company limited by shares, incorporated in England and Wales. The principal activity throughout the year was that of engineering design.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Page 3

 
ANDOVER ENGINEERING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance and straight line basis.

Depreciation is provided on the following basis:

Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Fixtures and fittings
-
25% reducing balance
Other fixed assets
-
2% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
ANDOVER ENGINEERING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2024
2023
£
£

Wages and salaries
23,396
19,496

23,396
19,496


The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Other fixed assets
Total

£
£
£
£
£



Cost or valuation


At 1 July 2023
81,233
34,150
6,766
42,795
164,944


Additions
-
39,173
-
-
39,173



At 30 June 2024

81,233
73,323
6,766
42,795
204,117



Depreciation


At 1 July 2023
48,701
12,202
5,230
2,568
68,701


Charge for the year on owned assets
8,140
15,280
385
856
24,661



At 30 June 2024

56,841
27,482
5,615
3,424
93,362



Net book value



At 30 June 2024
24,392
45,841
1,151
39,371
110,755



At 30 June 2023
32,532
21,948
1,536
40,227
96,243

Page 5

 
ANDOVER ENGINEERING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

5.


Stock and work in progress

2024
2023
£
£

Work in progress
14,700
14,000

Finished goods and goods for resale
4,250
4,100

18,950
18,100



6.


Debtors

2024
2023
£
£


Other debtors
669
669

Prepayments and accrued income
2,080
1,563

2,749
2,232



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
104,862
147,188

104,862
147,188

Page 6

 
ANDOVER ENGINEERING LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
360
300

Corporation tax
5,256
9,145

Other taxation and social security
3,919
12,762

Other creditors
138,905
153,333

Accruals and deferred income
2,540
2,425

150,980
177,965



9.


Controlling party

The Company is controlled by the director, Tracy Bennett, by virtue of her shareholding as described in the director's report.

 
Page 7