Company registration number 10013931 (England and Wales)
ANGLODANE (WELWYN) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
The Courtyard
Shoreham Road
Upper Beeding
Steyning
West Sussex
BN44 3TN
ANGLODANE (WELWYN) LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2
Notes to the financial statements
3 - 5
ANGLODANE (WELWYN) LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr M R Little
Mr C M Tippetts
Mr J Tullin
Mr F Hansen
Company number
10013931
Registered office
The Courtyard
Shoreham Road
Upper Beeding
Steyning
West Sussex
BN44 3TN
Accountants
TC Group
The Courtyard
Shoreham Road
Upper Beeding
Steyning
West Sussex
BN44 3TN
ANGLODANE (WELWYN) LIMITED
BALANCE SHEET
- 2 -
2024
2023
Notes
£
£
£
£
Current assets
Stocks
3,552,756
3,400,554
Debtors
3
139,207
73,526
Cash at bank and in hand
44,803
153,339
3,736,766
3,627,419
Creditors: amounts falling due within one year
4
(49,531)
(54,381)
Net current assets
3,687,235
3,573,038
Creditors: amounts falling due after more than one year
5
(4,616,656)
(3,970,468)
Net liabilities
(929,421)
(397,430)
Capital and reserves
Called up share capital
7
510,100
510,100
Profit and loss reserves
(1,439,521)
(907,530)
Total equity
(929,421)
(397,430)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 7 March 2025 and are signed on its behalf by:
Mr C M Tippetts
Director
Company Registration No. 10013931
The notes on pages 3 to 5 form part of these financial statements
ANGLODANE (WELWYN) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
1
Accounting policies
Company information
Anglodane (Welwyn) Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Courtyard, Shoreham Road, Upper Beeding, Steyning, West Sussex, BN44 3TN.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises of purchase cost, directly attributable expenditure and overheads that have been incurred in bringing the stocks to their present location and condition.
1.3
Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.4
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.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
ANGLODANE (WELWYN) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
51,391
26,691
Other debtors
87,816
46,835
139,207
73,526
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
17,332
29,613
Taxation and social security
3,678
2,947
Deferred income
26,269
20,121
Accruals
2,252
1,700
49,531
54,381
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
4,616,656
3,970,468
ANGLODANE (WELWYN) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 5 -
6
Loans and overdrafts
2024
2023
£
£
Bank loans
4,616,656
3,970,468
Payable after one year
4,616,656
3,970,468
The loan included in creditors is secured by a fixed and floating charge over the property.
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Ordinary of £1 each
510,100
510,100
510,100
510,100