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REGISTERED NUMBER: 04607199 (England and Wales)

Sandham Davies & Jones Limited

Unaudited Financial Statements for the Year Ended 30 April 2023

| Sandham Davies & Jones Limited (Registered number: 04607199) |

Contents of the Financial Statements

for the Year Ended 30 April 2023

Page |

| Company Information | 1 |

| Statement of Financial Position | 2 |

| Notes to the Financial Statements | 3 |

| Sandham Davies & Jones Limited |

Company Information

for the Year Ended 30 April 2023

| Director: | D R Jones

| Registered office: | 33 Bridge Street

| Newport

| NP20 4BH

| Registered number: | 04607199 (England and Wales)

| Accountants: | Haines Watts Wales LLP

| 7 Neptune Court

| Vanguard Way

| Cardiff

| CF24 5PJ

| Sandham Davies & Jones Limited (Registered number: 04607199) |

Statement of Financial Position

30 April 2023

| 2023 |  | 2022

| Notes | £ | £ |

Fixed assets

Property, plant and equipment | 4 | 2,167 |  | 1,894 |  |

Current assets

Debtors | 5 | 37,662 |  | 33,625 |  |

Cash at bank and in hand | 225,374 |  | 189,279 |  |

263,036 |  | 222,904 |  |

Creditors

Amounts falling due within one year | 6 | (66,780 | ) | (68,316 | ) |

Net current assets | 196,256 |  | 154,588 |  |

Total assets less current liabilities | 198,423 |  | 156,482 |  |

Provisions for liabilities | 7 | (419 | ) | (389 | ) |

Net assets | 198,004 |  | 156,093 |  |

Capital and reserves

Called up share capital | 10,000 |  | 10,000 |  |

Retained earnings | 188,004 |  | 146,093 |  |

Shareholders' funds | 198,004 |  | 156,093 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 October 2023 and were signed by:

D R Jones - Director

| Sandham Davies & Jones Limited (Registered number: 04607199) |

Notes to the Financial Statements

for the Year Ended 30 April 2023

1. | Statutory information

| Sandham Davies & Jones 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

| Turnover represents amounts receivable for services .

| Tangible fixed assets

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

| Fixtures and fittings - 20% Reducing balance

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

| Financial instruments are classified and accounted for according to the substance of the contractual arrangements as either financial assets, financial liabilities or equity instruments, and are held at amortised cost. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all its liabilities.

| Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3. | Employees and directors

| The average number of employees during the year was 3 (2022 - 3 ) .

| Sandham Davies & Jones Limited (Registered number: 04607199) |

Notes to the Financial Statements - continued

for the Year Ended 30 April 2023

4. | Property, plant and equipment

| Fixtures

| and

| fittings

£ |

| Cost

| At 1 May 2022 | 13,528 |  |

| Additions | 1,085 |  |

| Disposals | (982 | ) |

| At 30 April 2023 | 13,631 |  |

| Depreciation

| At 1 May 2022 | 11,634 |  |

| Charge for year | 542 |  |

| Eliminated on disposal | (712 | ) |

| At 30 April 2023 | 11,464 |  |

| Net book value

| At 30 April 2023 | 2,167 |  |

| At 30 April 2022 | 1,894 |  |

5. | Debtors: amounts falling due within one year |

2023 | 2022 |

£ | £ |

| Trade debtors | 25,129 |  | 23,816 |  |

| Directors' current accounts | 5,799 |  | 3,816 |  |

| Prepayments | 6,734 |  | 5,993 |  |

37,662 |  | 33,625 |  |

6. | Creditors: amounts falling due within one year |

2023 | 2022 |

£ | £ |

| Trade creditors | 37,447 |  | 38,774 |  |

| Tax | 22,150 |  | 21,899 |  |

| Other creditors | 1,400 |  | 1,400 |  |

| Accruals and deferred income | 5,783 |  | 6,243 |  |

66,780 |  | 68,316 |  |

7. | Provisions for liabilities

2023 | 2022 |

£ | £ |

| Deferred tax

| Accelerated capital allowances | 419 |  | 389 |  |

| Deferred |

| tax |

£ |

| Balance at 1 May 2022 | 389 |  |

| Charge to Income Statement during year | 30 |  |

| Balance at 30 April 2023 | 419 |  |

| Sandham Davies & Jones Limited (Registered number: 04607199) |

Notes to the Financial Statements - continued

for the Year Ended 30 April 2023

8. | Director's advances, credits and guarantees

| The following advances and credits to a director subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 | 2022 |

£ | £ |

| D R Jones

| Balance outstanding at start of year | 3,816 |  | 5,338 |  |

| Amounts advanced | 6,586 |  | 4,501 |  |

| Amounts repaid | (4,603 | ) | (6,023 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 5,799 |  | 3,816 |  |

| The loan account was repaid in full to the company within 9 months of the year end.