Registered number
08792753
Andwoodcraft Limited
Filleted Accounts
30 November 2024
Andwoodcraft Limited
Registered number: 08792753
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Current assets
Debtors 4 140,254 98,165
Cash at bank and in hand 24,060 21,480
164,314 119,645
Creditors: amounts falling due within one year 5 (49,967) (36,090)
Net current assets 114,347 83,555
Total assets less current liabilities 114,347 83,555
Creditors: amounts falling due after more than one year 6 (6,435) (16,496)
Net assets 107,912 67,059
Capital and reserves
Called up share capital 1 1
Profit and loss account 107,911 67,058
Shareholders' funds 107,912 67,059
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.
Andrzej Jerzy Buczkowski
Director
Approved by the board on 28 August 2025
Andwoodcraft Limited
Notes to the Accounts
for the year ended 30 November 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.
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:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks & Work in progress
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Work in progress is measured at the estimated selling price.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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. Current and deferred tax 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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 December 2023 53,886
At 30 November 2024 53,886
Depreciation
At 1 December 2023 53,886
At 30 November 2024 53,886
Net book value
At 30 November 2024 -
4 Debtors 2024 2023
£ £
Trade debtors 98,472 58,624
Other debtors, prepayments, deposits and tax due for recovery 41,782 39,541
140,254 98,165
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 9,154 9,805
Taxation and social security costs 30,642 16,114
Other creditors 171 171
49,967 36,090
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 6,435 16,496
7 Other information
Andwoodcraft Limited is a private company limited by shares and incorporated in England. Its registered office is:
539 Barrington Road
London
SW9 8QB
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