Registered number
11628964
ANDY DEVELOPMENTS LIMITED
Filleted Accounts
31 October 2024
ANDY DEVELOPMENTS LIMITED
Registered number: 11628964
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,770 3,078
Current assets
Debtors 4 49,639 44,539
Cash at bank and in hand 9,292 14,037
58,931 58,576
Creditors: amounts falling due within one year 5 (16,940) (14,058)
Net current assets 41,991 44,518
Total assets less current liabilities 44,761 47,596
Creditors: amounts falling due after more than one year 6 (25,378) (31,482)
Net assets 19,383 16,114
Capital and reserves
Called up share capital 100 100
Profit and loss account 19,283 16,014
Shareholders' funds 19,383 16,114
The director is 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 director acknowledges his 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.
Mr Zhiqiang Huang
Director
Approved by the board on 10 June 2025
ANDY DEVELOPMENTS LIMITED
Notes to the Accounts
for the year ended 31 October 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 (as applied to small entities by section 1A of the standard).
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:
Fixtures, fittings, tools and equipment 10% Reducing balance method
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2023 3,800
At 31 October 2024 3,800
Depreciation
At 1 November 2023 722
Charge for the year 308
At 31 October 2024 1,030
Net book value
At 31 October 2024 2,770
At 31 October 2023 3,078
4 Debtors 2024 2023
£ £
Trade debtors 27,473 27,473
Other debtors 22,166 17,066
49,639 44,539
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,799 5,556
Taxation and social security costs 839 6,102
Other creditors 10,302 2,400
16,940 14,058
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 25,378 31,482
7 Related party transactions
Loan to Director 7,259 12,759
Included in other debtors is the amount of £7,259 for year 2024 being a loan to the director.
(s455 tax £4,306.16)
8 Other information
ANDY DEVELOPMENTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
41,
Fairlop Road,
Ilford
England
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