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Registered number: 04846241
Andy Halstead Ltd
Financial Statements
For The Year Ended 31 March 2025
Dymond Ashworth
Chartered Certified Accountants
First Floor 98-100
Gisburn Road
Barrowford
Lancashire
BB9 6EW
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04846241
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 22,140 24,600
Tangible Assets 5 15,532 19,054
Investments 6 95,500 95,500
133,172 139,154
CURRENT ASSETS
Debtors 7 198,317 206,176
Cash at bank and in hand 20,359 33,103
218,676 239,279
Creditors: Amounts Falling Due Within One Year 8 (63,098 ) (68,201 )
NET CURRENT ASSETS (LIABILITIES) 155,578 171,078
TOTAL ASSETS LESS CURRENT LIABILITIES 288,750 310,232
NET ASSETS 288,750 310,232
CAPITAL AND RESERVES
Called up share capital 9 2 2
Profit and Loss Account 288,748 310,230
SHAREHOLDERS' FUNDS 288,750 310,232
Page 1
Page 2
For the year ending 31 March 2025 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr D A Halstead
Director
14/04/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Andy Halstead Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04846241 . The registered office is New Copy Barn, Glen View Road, Burnley, Lancashire, BB11 3QS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 15% on reducing balance
Computer Equipment 25% on reducing balance
Page 3
Page 4
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2024 24,600
As at 31 March 2025 24,600
Amortisation
As at 1 April 2024 -
Provided during the period 2,460
As at 31 March 2025 2,460
Net Book Value
As at 31 March 2025 22,140
As at 1 April 2024 24,600
Page 4
Page 5
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 72,496 24,052 2,948 2,907 102,403
As at 31 March 2025 72,496 24,052 2,948 2,907 102,403
Depreciation
As at 1 April 2024 60,283 18,345 2,746 1,975 83,349
Provided during the period 1,832 1,427 30 233 3,522
As at 31 March 2025 62,115 19,772 2,776 2,208 86,871
Net Book Value
As at 31 March 2025 10,381 4,280 172 699 15,532
As at 1 April 2024 12,213 5,707 202 932 19,054
6. Investments
Listed
£
Cost
As at 1 April 2024 95,500
As at 31 March 2025 95,500
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 95,500
As at 1 April 2024 95,500
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 178,765 186,176
Other debtors 19,552 20,000
198,317 206,176
Page 5
Page 6
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 54,343 57,175
Other creditors 1,370 1,370
Taxation and social security 7,385 9,656
63,098 68,201
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
Page 6