Registered number
04272453
Andy Hollis Limited
Report and Accounts
31 August 2024
Andy Hollis Limited
Registered number: 04272453
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 13,628 14,997
Current assets
Debtors 4 - -
Cash at bank and in hand 14,703 16,120
14,703 16,120
Creditors: amounts falling due within one year 5 (13,576) (17,417)
Net current assets/(liabilities) 1,127 (1,297)
Total assets less current liabilities 14,755 13,700
Creditors: amounts falling due after more than one year 6 (2,363) (5,287)
Provisions for liabilities (2,590) (2,850)
Net assets 9,802 5,563
Capital and reserves
Called up share capital 100 100
Profit and loss account 9,702 5,463
Shareholders' funds 9,802 5,563
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.
A Hollis
Director
Approved by the board on 11 May 2025
Andy Hollis Limited
Notes to the Accounts
for the year ended 31 August 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.
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:
Computer equipment Over 3 years
Plant and Machinery 15% reducing balance
Motor vehicles 15% reducing balance
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets Computer Equipment Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 September 2023 28,872 39,220 24,649 92,741
Additions 2,192 - - 2,192
At 31 August 2024 31,064 39,220 24,649 94,933
Depreciation
At 1 September 2023 24,081 36,895 16,768 77,744
Charge for the year 2,030 349 1,182 3,561
At 31 August 2024 26,111 37,244 17,950 81,305
Net book value
At 31 August 2024 4,953 1,976 6,699 13,628
At 31 August 2023 4,791 2,325 7,881 14,997
4 Debtors 2024 2023
£ £
Other debtors - -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 3,093 3,195
Trade creditors 1,100 -
Corporation tax 1,222 -
Other taxes and social security costs 2,591 1,993
Other creditors 5,570 12,229
13,576 17,417
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 2,363 5,287
7 Other information
Andy Hollis Limited is a private company limited by shares and incorporated in England. Its registered office is:
Building 18, Gateway 1000
Whittle Way, Arlington Business Park
Stevenage
Hertfordshire
SG1 2FP
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