Andrew James Cars Ltd
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Notes to the Accounts |
for the year ended 31 December 2020
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1 |
Accounting policies |
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Basis of preparation |
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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).
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Stocks |
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Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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2 |
Employees |
2020 |
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2019 |
Number |
Number |
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Average number of persons employed by the company |
4 |
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4 |
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3 |
Tangible fixed assets |
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Plant and machinery etc |
£ |
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Cost |
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At 1 January 2020 |
2,845 |
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At 31 December 2020 |
2,845 |
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Depreciation |
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Charge for the year |
569 |
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At 31 December 2020 |
569 |
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Net book value |
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At 31 December 2020 |
2,276 |
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At 31 December 2019 |
2,845 |
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4 |
Debtors |
2020 |
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2019 |
£ |
£ |
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Trade debtors |
(1,226) |
|
- |
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5 |
Creditors: amounts falling due within one year |
2020 |
|
2019 |
£ |
£ |
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Trade creditors |
140,855 |
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- |
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Taxation and social security costs |
9,515 |
|
8,527 |
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Other creditors |
5,118 |
|
125,500 |
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155,488 |
|
134,027 |
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6 |
Other information |
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Andrew James Cars Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
57 Windmill Street |
|
Gravesend |
|
Kent |
|
DA12 1BB |