REGISTERED NUMBER: 04607199 (England and Wales)

Sandham Davies & Jones Limited

Unaudited Financial Statements for the Year Ended 30 April 2023

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

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

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

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 ) .

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

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.