Registered number
10278791
AN & CA Limited
Filleted Accounts
31 July 2024
AN & CA Limited
Registered number: 10278791
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 40,500 54,000
Tangible assets 4 1,253 3,092
41,753 57,092
Current assets
Stocks 8,797 8,797
Debtors 5 16,585 16,115
Cash at bank and in hand 107,631 136,918
133,013 161,830
Creditors: amounts falling due within one year 6 (92,675) (87,308)
Net current assets 40,338 74,522
Net assets 82,091 131,614
Capital and reserves
Called up share capital 100 100
Profit and loss account 81,991 131,514
Shareholders' funds 82,091 131,614
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.
Angelo Nicastro
Director
Approved by the board on 28 October 2024
AN & CA Limited
Notes to the Accounts
for the year ended 31 July 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 the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Stocks
Stocks are measured 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. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 11 11
3 Intangible fixed assets £
Leasehold property:
Cost
At 1 August 2023 135,000
At 31 July 2024 135,000
Amortisation
At 1 August 2023 81,000
Provided during the year 13,500
At 31 July 2024 94,500
Net book value
At 31 July 2024 40,500
At 31 July 2023 54,000
Leasehold property is being written off in equal annual instalments over its life of 10 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 76,465
At 31 July 2024 76,465
Depreciation
At 1 August 2023 73,373
Charge for the year 1,839
At 31 July 2024 75,212
Net book value
At 31 July 2024 1,253
At 31 July 2023 3,092
5 Debtors 2024 2023
£ £
Other debtors 16,585 16,115
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 26,024 24,553
Taxation and social security costs 59,015 53,384
Other creditors 7,636 9,371
92,675 87,308
7 Other information
AN & CA Limited is a private company limited by shares and incorporated in England. Its registered office is:
4 Chapel Row
Queen Square
Bath
BA1 1HN
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