REGISTERED NUMBER: 08058663 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

ANDREW GARNER ASSOCIATES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A C Garner

S M Garner

J N Garner

REGISTERED OFFICE:

Magma House

16 Davy Court

Castle Mound Way

Rugby

Warwickshire

CV23 0UZ

REGISTERED NUMBER:

08058663 (England and Wales)

ACCOUNTANTS:

Magma Audit LLP

Unit 2 Charnwood Edge Business Park

Syston Road, Leicester

LE7 4UZ

Magma Audit LLP is part

Of the Dains Group

FIXED ASSETS

Tangible assets

4

13,537

15,925

CURRENT ASSETS

Debtors

5

84,728

110,158

CREDITORS

Amounts falling due within one year

6

(89,103

)

(132,752

)

NET CURRENT LIABILITIES

(4,375

)

(22,594

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,162

(6,669

)

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9,062

(6,769

)

9,162

(6,669

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

A C Garner - Director

1.	STATUTORY INFORMATION

Andrew Garner Associates Limited is a limited company, limited by shares, registered in England and Wales. Its registered office address is Magma House, 16 Davy Court, Castle Mound Way, Rugby, Warwickshire, CV23 0UZ and the registered number is 08058663.

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.

The presentation currency of the financial statements is Sterling (£), and figures are rounded to the nearest £1.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all the following conditions are satisfied:

(i) the amount of revenue can be reliably measured;

(ii) it is probable the Company will receive the consideration due under the contract;

(III) the stage of completion of the contract at the end of the reporting period can be measured reliably; and

(iv) the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer Equipment

-

Straight line over 3 years

Fixtures and Fittings

-

15% on reducing balance

Financial instruments

(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation

The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit of loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Operating leases

Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 April 2024

25,556

2,008

27,564

Additions

180

-

180

At 31 March 2025

25,736

2,008

27,744

DEPRECIATION

At 1 April 2024

10,077

1,562

11,639

Charge for year

2,349

219

2,568

At 31 March 2025

12,426

1,781

14,207

NET BOOK VALUE

At 31 March 2025

13,310

227

13,537

At 31 March 2024

15,479

446

15,925

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade debtors

4,000

3,600

Other debtors

80,728

106,558

84,728

110,158

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Bank loans and overdrafts

32,956

8,905

Trade creditors

279

329

Taxation and social security

25,004

72,094

Other creditors

30,864

51,424

89,103

132,752

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

as restated

£

£

Within one year

23,406

23,406

Between one and five years

35,109

58,516

58,515

81,922

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary A

£1.00

100

2

-

Ordinary B

£0.50

-

1

-

Ordinary C

£0.50

-

1

100

4

During the year ended 31 March 2024, share premium of £99,998 was converted to share capital, £99,992 of share capital was then cancelled by the company.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

as restated

£

£

A C Garner and S M Garner

Balance outstanding at start of year

53,841

198,488

Amounts advanced

41,077

101,484

Amounts repaid

(65,618

)

(246,131

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

29,300

53,841

The maximum outstanding balance owed to the company in the year was £89,963. Interest was paid at HM Revenue and Customs authorised rates and the loan is repayable on demand.

10.	RELATED PARTY DISCLOSURES

During the year loans totalling £NIL (2024 - £50,400) were made to a company with common directorship. At the year end £50,400 (2024 - £50,400) is still outstanding and is accounted for within other debtors.