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REGISTERED NUMBER: 04679655 (England and Wales)











Financial Statements for the Year Ended 28 February 2023

for

Sussex Grange Limited

Sussex Grange Limited (Registered number: 04679655)

Contents of the Financial Statements
for the Year Ended 28 February 2023










Page

Balance Sheet 1

Notes to the Financial Statements 2


Sussex Grange Limited (Registered number: 04679655)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 17,378 20,588
Tangible assets 5 791,467 802,420
808,845 823,008

CURRENT ASSETS
Debtors 6 145,952 134,871
Prepayments and accrued income 26,283 15,436
Cash at bank 210,780 208,849
383,015 359,156
CREDITORS
Amounts falling due within one year 7 196,483 203,545
NET CURRENT ASSETS 186,532 155,611
TOTAL ASSETS LESS CURRENT
LIABILITIES

995,377

978,619

CREDITORS
Amounts falling due after more than one year 8 93,963 122,658
NET ASSETS 901,414 855,961

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 901,412 855,959
SHAREHOLDERS' FUNDS 901,414 855,961

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 July 2023 and were signed on its behalf by:





Dr T Jameson - Director


Sussex Grange Limited (Registered number: 04679655)

Notes to the Financial Statements
for the Year Ended 28 February 2023


1. STATUTORY INFORMATION

Sussex Grange Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04679655

Registered office: 14 Vincent Road
Selsey
Chichester
West Sussex
PO20 9DH

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Government grants
Government grants are recognised in accordance with the accrual model.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 74 (2022 - 71 ) .

Sussex Grange Limited (Registered number: 04679655)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 80,241
AMORTISATION
At 1 March 2022 59,653
Charge for year 3,210
At 28 February 2023 62,863
NET BOOK VALUE
At 28 February 2023 17,378
At 28 February 2022 20,588

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 March 2022 727,018 258,366 14,195 999,579
Additions - 10,751 - 10,751
Disposals - - (5,200 ) (5,200 )
At 28 February 2023 727,018 269,117 8,995 1,005,130
DEPRECIATION
At 1 March 2022 - 189,930 7,229 197,159
Charge for year - 19,797 1,687 21,484
Eliminated on disposal - - (4,980 ) (4,980 )
At 28 February 2023 - 209,727 3,936 213,663
NET BOOK VALUE
At 28 February 2023 727,018 59,390 5,059 791,467
At 28 February 2022 727,018 68,436 6,966 802,420

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 136,677 120,361
Other debtors 9,275 14,510
145,952 134,871

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 28,641 28,587
Taxation and social security 39,654 14,439
Other creditors 128,188 160,519
196,483 203,545

Sussex Grange Limited (Registered number: 04679655)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 93,963 122,658

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 8,311

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 122,604 151,245