Company registration number 07041671 (England and Wales)
ANDREW STOTT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
ANDREW STOTT LIMITED
CONTENTS
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
ANDREW STOTT LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
11,405
15,349
Current assets
Stocks
395
406
Debtors
3,820
7,192
Cash at bank and in hand
5,616
4,436
9,831
12,034
Creditors: amounts falling due within one year
(19,451)
(19,021)
Net current liabilities
(9,620)
(6,987)
Total assets less current liabilities
1,785
8,362
Creditors: amounts falling due after more than one year
(1,337)
(7,868)
Net assets
448
494
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
447
493
Total equity
448
494
ANDREW STOTT LIMITED
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -
For the financial year ended 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 of its financial statements for the year in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 6 June 2025
A Stott
Director
Company registration number 07041671 (England and Wales)
Andrew Stott Limited
ANDREW STOTT LIMITED
Notes to the financial statements
for the year ended 31 March 2025
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the fair value of the consideration received for goods and services provided in the normal course of business, and is shown net of VAT. Turnover is recognised upon provision of goods and services.
Intangible fixed assets - goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 years.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.
Depreciation is recognised so as to write off the cost less their residual values over their useful lives on the following bases:
Plant and machinery
25% straight line
Fixtures, fittings & equipment
33% straight line
Motor vehicles
25% reducing balance
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.
Andrew Stott Limited
ANDREW STOTT LIMITED
Notes to the financial statements (CONTINUED)
for the year ended 31 March 2025
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 1 (2024 - 1).
2025
2024
Number
Number
Total
1
1
3
Intangible fixed assets
Total
£
Cost
At 1 April 2024 and 31 March 2025
9,200
Amortisation and impairment
At 1 April 2024 and 31 March 2025
9,200
Carrying amount
At 31 March 2025
At 31 March 2024
4
Tangible fixed assets
Plant and machinery
Fixtures, fittings & equipment
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2024 and 31 March 2025
4,101
3,325
25,189
32,615
Depreciation and impairment
At 1 April 2024
4,101
3,325
9,840
17,266
Depreciation charged in the year
3,944
3,944
At 31 March 2025
4,101
3,325
13,784
21,210
Carrying amount
At 31 March 2025
11,405
11,405
At 31 March 2024
15,349
15,349