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REGISTERED NUMBER: 07708028 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Andenor Limited

Andenor Limited (Registered number: 07708028)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Andenor Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: S G Willis
Mrs L Willis





REGISTERED OFFICE: 74 Rowan Way
New Balderton
Newark
Nottinghamshire
NG24 3BJ





REGISTERED NUMBER: 07708028 (England and Wales)





ACCOUNTANTS: Brockhurst Davies Limited
11 The Office Village
North Road
Loughborough
Leicestershire
LE11 1QJ

Andenor Limited (Registered number: 07708028)

Balance Sheet
31 August 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Tangible assets 4 319,171 358,755

CURRENT ASSETS
Stocks - 10,000
Debtors 5 2,729,701 2,125,535
Cash at bank 976,873 1,525,084
3,706,574 3,660,619
CREDITORS
Amounts falling due within one year 6 2,412,010 2,671,627
NET CURRENT ASSETS 1,294,564 988,992
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,613,735

1,347,747

CREDITORS
Amounts falling due after more than one year 7 (75,959 ) (96,427 )

PROVISIONS FOR LIABILITIES (79,793 ) (99,512 )
NET ASSETS 1,457,983 1,151,808

CAPITAL AND RESERVES
Called up share capital 30 30
Retained earnings 8 1,457,953 1,151,778
SHAREHOLDERS' FUNDS 1,457,983 1,151,808

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Andenor Limited (Registered number: 07708028)

Balance Sheet - continued
31 August 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by:





S G Willis - Director


Andenor Limited (Registered number: 07708028)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Andenor Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

These are the first set of financial statements to have been prepared in accordance with the provision of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

No changes were required as a result of the FRS 102 section 1A conversion.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Andenor Limited (Registered number: 07708028)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Andenor Limited (Registered number: 07708028)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Basic financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.


Non-derivative financial instruments comprise, trade and other debtors, cash and cash equivalents and trade and other creditors.

Trade and other debtors

Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses. If any arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.

Trade and other creditors

Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses. If any arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.

Impairment

Trade and other debtors are carried at fair value through profit or loss is assessed at each reporting

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 21 ) .

Andenor Limited (Registered number: 07708028)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1 September 2023 287,595 3,530 333,389 10,679 635,193
Additions 41,725 - 32,991 615 75,331
At 31 August 2024 329,320 3,530 366,380 11,294 710,524
DEPRECIATION
At 1 September 2023 196,129 2,930 68,655 8,724 276,438
Charge for year 31,174 90 83,651 - 114,915
At 31 August 2024 227,303 3,020 152,306 8,724 391,353
NET BOOK VALUE
At 31 August 2024 102,017 510 214,074 2,570 319,171
At 31 August 2023 91,466 600 264,734 1,955 358,755

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£ £ £
COST
At 1 September 2023 - 309,730 309,730
Additions 18,500 32,991 51,491
At 31 August 2024 18,500 342,721 361,221
DEPRECIATION
At 1 September 2023 - 47,706 47,706
Charge for year 1,156 79,082 80,238
At 31 August 2024 1,156 126,788 127,944
NET BOOK VALUE
At 31 August 2024 17,344 215,933 233,277
At 31 August 2023 - 262,024 262,024

Andenor Limited (Registered number: 07708028)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 2,019,095 1,680,941
Directors' current accounts 306,676 -
VAT 372,312 413,329
Prepayments and accrued income 31,618 31,265
2,729,701 2,125,535

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Hire purchase contracts 48,882 37,177
Trade creditors 2,012,474 2,239,545
Tax 157,755 148,806
Social security and other taxes 46,512 62,847
Other creditors 125,266 140,787
Accruals and deferred income 21,121 42,465
2,412,010 2,671,627

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Hire purchase contracts 75,959 96,427

8. RESERVES
Retained
earnings
£

At 1 September 2023 1,151,778
Profit for the year 564,175
Dividends (258,000 )
At 31 August 2024 1,457,953