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REGISTERED NUMBER: 09482630 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

SWEET PEA LUXURY TOILETS LTD

SWEET PEA LUXURY TOILETS LTD (REGISTERED NUMBER: 09482630)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SWEET PEA LUXURY TOILETS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: R A Cavaghan





REGISTERED OFFICE: The Atrium Business Centre
Curtis Road
Dorking
Surrey
RH4 1XA





REGISTERED NUMBER: 09482630 (England and Wales)





ACCOUNTANTS: Ellis Atkins
Chartered Accountants
The Atrium Business Centre
Curtis Road
Dorking
Surrey
RH4 1XA

SWEET PEA LUXURY TOILETS LTD (REGISTERED NUMBER: 09482630)

BALANCE SHEET
31 MARCH 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 179,560 185,406

CURRENT ASSETS
Debtors 5 23,708 22,857
Cash at bank and in hand 10,343 15,707
34,051 38,564
CREDITORS
Amounts falling due within one year 6 118,142 140,324
NET CURRENT LIABILITIES (84,091 ) (101,760 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

95,469

83,646

CREDITORS
Amounts falling due after more than one year 7 (24,259 ) (42,542 )

PROVISIONS FOR LIABILITIES (26,028 ) (19,977 )
NET ASSETS 45,182 21,127

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 45,181 21,126
SHAREHOLDERS' FUNDS 45,182 21,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

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

SWEET PEA LUXURY TOILETS LTD (REGISTERED NUMBER: 09482630)

BALANCE SHEET - continued
31 MARCH 2023


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 director and authorised for issue on 20 August 2023 and were signed by:





R A Cavaghan - Director


SWEET PEA LUXURY TOILETS LTD (REGISTERED NUMBER: 09482630)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Sweet Pea Luxury Toilets Ltd 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.

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.

The financial statements have been prepared on the going concern basis, as the director will support the company for a period of a least 12 months following the approval of the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

SWEET PEA LUXURY TOILETS LTD (REGISTERED NUMBER: 09482630)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

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.

Revenue based grants
Revenue based grants are recognised on an accruals basis in same period as the related costs for which the grant is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 331,991
Additions 51,024
Disposals (38,740 )
At 31 March 2023 344,275
DEPRECIATION
At 1 April 2022 146,585
Charge for year 38,443
Eliminated on disposal (20,313 )
At 31 March 2023 164,715
NET BOOK VALUE
At 31 March 2023 179,560
At 31 March 2022 185,406

SWEET PEA LUXURY TOILETS LTD (REGISTERED NUMBER: 09482630)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 59,685
DEPRECIATION
At 1 April 2022 14,921
Charge for year 11,191
At 31 March 2023 26,112
NET BOOK VALUE
At 31 March 2023 33,573
At 31 March 2022 44,764

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 19,986 20,356
Other debtors 3,722 2,501
23,708 22,857

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Bank loans and overdrafts 6,000 6,000
Hire purchase contracts 12,283 12,283
Trade creditors 12,486 9,080
Taxation and social security 16,296 19,598
Other creditors 71,077 93,363
118,142 140,324

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/23 31/3/22
£    £   
Bank loans 13,000 19,000
Hire purchase contracts 11,259 23,542
24,259 42,542