Company Registration No. 12159720 (England and Wales)
Andy Stedman Design Ltd
Unaudited accounts
for the year ended 31 August 2024
Andy Stedman Design Ltd
Unaudited accounts
Contents
Andy Stedman Design Ltd
Company Information
for the year ended 31 August 2024
Directors
Andrew Stedman
Julia Stedman
Company Number
12159720 (England and Wales)
Registered Office
Suite 2a, Vinnetrow Business Park
Vinnetrow Road, Runcton
Chichester
PO20 1QH
England
Accountants
B4Bookkeeping Ltd
1 Lincoln House
Tangmere
Chichester
West Sussex
PO20 2FS
Andy Stedman Design Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
45,407
11,989
Cash at bank and in hand
42,570
176,210
Creditors: amounts falling due within one year
(161,915)
(130,712)
Net current assets
12,509
121,017
Total assets less current liabilities
57,916
133,006
Creditors: amounts falling due after more than one year
-
(36,430)
Called up share capital
4
4
Profit and loss account
57,912
96,572
Shareholders' funds
57,916
96,576
For the year ending 31 August 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 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 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 of Directors and authorised for issue on 22 April 2025 and were signed on its behalf by
Andrew Stedman
Director
Company Registration No. 12159720
Andy Stedman Design Ltd
Notes to the Accounts
for the year ended 31 August 2024
Andy Stedman Design Ltd is a private company, limited by shares, registered in England and Wales, registration number 12159720. The registered office is Suite 2a, Vinnetrow Business Park, Vinnetrow Road, Runcton, Chichester, PO20 1QH, 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 year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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.
The accounts are presented in £ sterling.
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:
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Andy Stedman Design Ltd
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 September 2023
15,430
2,615
-
2,329
12,647
33,021
Additions
-
-
34,421
3,795
705
38,921
Revaluations
-
-
-
-
(37)
(37)
At 31 August 2024
15,430
2,615
34,421
6,124
13,315
71,905
At 1 September 2023
5,144
2,614
-
2,330
10,944
21,032
Charge for the year
2,572
-
717
374
1,822
5,485
Surplus on revaluation
-
-
-
-
(19)
(19)
At 31 August 2024
7,716
2,614
717
2,704
12,747
26,498
At 31 August 2024
7,714
1
33,704
3,420
568
45,407
At 31 August 2023
10,286
1
-
(1)
1,703
11,989
Amounts falling due within one year
Trade debtors
13,356
48,000
Accrued income and prepayments
11,551
4,136
Other debtors
66,947
3,383
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
57,175
6,240
Trade creditors
14,373
11,697
Taxes and social security
17,467
53,536
Other creditors
36,254
808
Loans from directors
388
-
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 6 (2023: 6).