REGISTERED NUMBER: 11017335 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2024

FOR

ANDICARS (HAVANT) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R R Leng

B M Leng

Mrs R J Valentine

REGISTERED OFFICE:

Venture House

The Tanneries

East Street

Titchfield

Hampshire

PO14 4AR

REGISTERED NUMBER:

11017335 (England and Wales)

ACCOUNTANTS:

Compass Accountants Limited

Chartered Accountants

Venture House

The Tanneries

East Street

Titchfield

Hampshire

PO14 4AR

FIXED ASSETS

Intangible assets

4

-

237,996

Tangible assets

5

-

2,654

-

240,650

CURRENT ASSETS

Debtors

6

225,250

663,971

Cash at bank and in hand

414,073

454,218

639,323

1,118,189

CREDITORS

Amounts falling due within one year

7

9,594

58,425

NET CURRENT ASSETS

629,729

1,059,764

TOTAL ASSETS LESS CURRENT LIABILITIES

629,729

1,300,414

CREDITORS

Amounts falling due after more than one year

8

(226,532

)

(1,116,577

)

PROVISIONS FOR LIABILITIES

-

(504

)

NET ASSETS

403,197

183,333

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

403,097

183,233

SHAREHOLDERS' FUNDS

403,197

183,333

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th October 2025 and were signed on its behalf by:

B M Leng - Director

R R Leng - Director

1.	STATUTORY INFORMATION

Andicars (Havant) 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.

Turnover

Revenue for the provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and associated costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

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.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 (Section 1a) to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention

to settle on a net basis or to realise the asset and settle the liability simultaneously.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st August 2023

594,996

Disposals

(594,996

)

At 31st July 2024

-

AMORTISATION

At 1st August 2023

357,000

Eliminated on disposal

(357,000

)

At 31st July 2024

-

NET BOOK VALUE

At 31st July 2024

-

At 31st July 2023

237,996

5.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1st August 2023

11,450

28,493

39,943

Disposals

(11,450

)

-

(11,450

)

At 31st July 2024

-

28,493

28,493

DEPRECIATION

At 1st August 2023

8,796

28,493

37,289

Charge for year

664

-

664

Eliminated on disposal

(9,460

)

-

(9,460

)

At 31st July 2024

-

28,493

28,493

NET BOOK VALUE

At 31st July 2024

-

-

-

At 31st July 2023

2,654

-

2,654

6.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

-

100,073

Other debtors

100

286,035

100

386,108

Amounts falling due after more than one year:

Amounts owed by associates

225,150

277,863

Aggregate amounts

225,250

663,971

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

-

3,665

Taxation and social security

4,254

48,578

Other creditors

5,340

6,182

9,594

58,425

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Amounts owed to associates

226,532

1,116,577

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

80

Ordinary

£1

80

80

10

Ordinary A

£1

10

10

10

Ordinary B

£1

10

10

100

100