Andando Ltd 14817205 false 2023-04-20 2024-04-30 2024-04-30 The principal activity of the company is that of manufacture and retail of clothing and slippers Digita Accounts Production Advanced 6.30.9574.0 true 14817205 2023-04-20 2024-04-30 14817205 2024-04-30 14817205 bus:OrdinaryShareClass1 2024-04-30 14817205 core:CurrentFinancialInstruments 2024-04-30 14817205 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 14817205 bus:SmallEntities 2023-04-20 2024-04-30 14817205 bus:AuditExemptWithAccountantsReport 2023-04-20 2024-04-30 14817205 bus:FilletedAccounts 2023-04-20 2024-04-30 14817205 bus:SmallCompaniesRegimeForAccounts 2023-04-20 2024-04-30 14817205 bus:RegisteredOffice 2023-04-20 2024-04-30 14817205 bus:Director2 2023-04-20 2024-04-30 14817205 bus:OrdinaryShareClass1 2023-04-20 2024-04-30 14817205 bus:PrivateLimitedCompanyLtd 2023-04-20 2024-04-30 14817205 core:KeyManagementPersonnel 2023-04-20 2024-04-30 14817205 core:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-04-20 2024-04-30 14817205 countries:EnglandWales 2023-04-20 2024-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14817205

Andando Ltd

Filleted Annual Report and Unaudited Abridged Financial Statements

for the Period from 20 April 2023 to 30 April 2024

 

Andando Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 7

 

Andando Ltd

Company Information

Director

Mr S Moore

Registered office

11a Corelli Street
Newport
NP19 7AR

Accountants

HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

 

Andando Ltd

(Registration number: 14817205)
Abridged Balance Sheet as at 30 April 2024

Note

2024
£

Current assets

 

Stocks

4

150,738

Debtors

40,709

Cash at bank and in hand

 

45,921

 

237,368

Creditors: Amounts falling due within one year

(73,184)

Total assets less current liabilities

 

164,184

Accruals and deferred income

 

(138,020)

Net assets

 

26,164

Capital and reserves

 

Called up share capital

6

100

Retained earnings

26,064

Shareholders' funds

 

26,164

 

Andando Ltd

(Registration number: 14817205)
Abridged Balance Sheet as at 30 April 2024

For the financial period ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 April 2025
 

.........................................

Mr S Moore
Director

 

Andando Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 20 April 2023 to 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
11a Corelli Street
Newport
NP19 7AR

These financial statements were authorised for issue by the director on 15 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period the revision and future periods where the revisions affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Andando Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 20 April 2023 to 30 April 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Andando Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 20 April 2023 to 30 April 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 3.

4

Stocks

2024
£

Other inventories

150,738

5

Related party transactions

Key management personnel

Director

Summary of transactions with key management

During the period the directors made an unsecured, interest free, repayable on demand loan to the company. At the balance sheet date, the company owed the directors £3,900.
 

 

Andando Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 20 April 2023 to 30 April 2024

6

Share capital

Allotted, called up and fully paid shares

 

2024

 

No.

£

Ordinary Shares of £1 each

100

100

     

New shares allotted

During the period 100 Ordinary Shares having an aggregate nominal value of £100 were allotted for an aggregate consideration of £100. Subscriber shares.