Registered number
07252675
SANDBAY LIMITED
Filleted Accounts
31 May 2023
SANDBAY LIMITED
Registered number: 07252675
Balance Sheet
as at 31 May 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 17,696 34,555
Investments 4 200 200
17,896 34,755
Current assets
Debtors 5 553,663 379,781
Cash at bank and in hand 252,455 156,475
806,118 536,256
Creditors: amounts falling due within one year 6 (523,644) (357,903)
Net current assets 282,474 178,353
Total assets less current liabilities 300,370 213,108
Creditors: amounts falling due after more than one year 7 (20,725) (30,279)
Net assets 279,645 182,829
Capital and reserves
Called up share capital 1 1
Profit and loss account 279,644 182,828
Shareholder's funds 279,645 182,829
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 member has 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.
J Ellis
Director
Approved by the board on 1 September 2023
SANDBAY LIMITED
Notes to the Accounts
for the year ended 31 May 2023
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).

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
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:
Plant and machinery over 5 years
Office equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
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.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Plant and machinery etc Office equipment Total
£ £ £
Cost
At 1 June 2022 75,644 11,086 86,730
Additions - 610 610
At 31 May 2023 75,644 11,696 87,340
Depreciation
At 1 June 2022 43,947 8,228 52,175
Charge for the year 15,129 2,340 17,469
At 31 May 2023 59,076 10,568 69,644
Net book value
At 31 May 2023 16,568 1,128 17,696
At 31 May 2022 31,697 2,858 34,555
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 June 2022 200
At 31 May 2023 200
The company holds 20% or more of the share capital of the following companies:
Capital and Profit/(loss)
Company Shares held reserves for the year
Class % £ £
Sandbay Construction Limited Ordinary 100 249,445 116,325
IDA Homes Ltd (dormant) Ordinary 100 (1,650) (1,750)
5 Debtors 2023 2022
£ £
Trade debtors 240,469 272,729
Amounts owed by group undertakings and undertakings in which the company has a participating interest 256,921 458
Other debtors 56,273 106,594
553,663 379,781
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 9,850 10,000
Trade creditors 347,783 2,909
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 229,455
Corporation tax 59,412 13,936
Taxation and social security costs 18,734 3,952
Other creditors and accruals 87,865 97,651
523,644 357,903
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans (BBLS) 20,725 30,279
8 Related party transactions 2023 2022
£ £
Purchase of contruction services from Sandbay Construction Limited 1,384,120 2,710,639
Sales and charges to Sandbay Construction Limited 12,591 -
Any amount due to or from this company is disclosed in Debtors and Creditors.
9 Controlling party
Mr Jerry Ellis is the ultimate controlling party.
10 Other information
SANDBAY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Foxhill Farm
Jackass Lane
Keston
Kent
BR2 6AN
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