Company Registration No. 11716387 (England and Wales)
And Again Ltd
Unaudited accounts
for the period from 1 August 2023 to 30 March 2024
And Again Ltd
Unaudited accounts
Contents
And Again Ltd
Company Information
for the period from 1 August 2023 to 30 March 2024
Company Number
11716387 (England and Wales)
Registered Office
11 York Avenue
Sefton Park
Liverpool
Merseyside
L17 2AS
England
And Again Ltd
Statement of financial position
as at 30 March 2024
Intangible assets
49,509
79,310
Cash at bank and in hand
1,143
39,209
Creditors: amounts falling due within one year
(42,197)
(34,956)
Net current (liabilities)/assets
(21,114)
33,253
Total assets less current liabilities
28,395
112,563
Creditors: amounts falling due after more than one year
(27,948)
(33,274)
Provisions for liabilities
Called up share capital
2
2
Profit and loss account
445
83,405
Shareholders' funds
447
83,407
For the period ending 30 March 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 13 September 2024 and were signed on its behalf by
Aaron Bimpson
Director
Company Registration No. 11716387
And Again Ltd
Notes to the Accounts
for the period from 1 August 2023 to 30 March 2024
And Again Ltd is a private company, limited by shares, registered in England and Wales, registration number 11716387. The registered office is 11 York Avenue, Sefton Park, Liverpool, Merseyside, L17 2AS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
They are subject to an annual impairment review. The impairment determined amounted to a straight line application of amortisation at 33%.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
33%-50% straight line (leased vehicles)
Computer equipment
33% straight line
Other tangible fixed assets
33% straight line
Expenditure on research and development is written off in the year in which it is incurred.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
And Again Ltd
Notes to the Accounts
for the period from 1 August 2023 to 30 March 2024
4
Intangible fixed assets
Goodwill
Other
Total
At 1 August 2023
89,224
5,833
95,057
Revaluations
(17,500)
-
(17,500)
At 30 March 2024
71,724
5,833
77,557
At 1 August 2023
9,914
5,833
15,747
Charge for the period
12,301
-
12,301
At 30 March 2024
22,215
5,833
28,048
At 30 March 2024
49,509
-
49,509
At 31 July 2023
79,310
-
79,310
The carrying value of the goodwill in the intangible assets has been impaired by £17,500 following a review of its carrying value in light of the loss of project work for a key client as part of the business transfer from Toyko Digital.
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
2,340
24,000
Other debtors
17,600
5,000
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,360
4,689
Trade creditors
34,567
14,906
And Again Ltd
Notes to the Accounts
for the period from 1 August 2023 to 30 March 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
5,000
10,000
-
15,000
Directors Loans carry interest at the Bank of England interest base rate from time to time plus 0.05% (5 percentage points) if the Loan is outstanding for more than three months, the interest is rolled up and added to the loan amount at the period end. Otherwise the loan amount is interest free. Loans are unsecured.
The Company is controlled jointly by Mr A Bimpson and Mr D James by virtue of their respective "A Shares" and "B Shares" controlling status, which entitles each party to appoint/remove one person to the board of Directors.
11
Average number of employees
During the period the average number of employees was 2 (2023: 2).