W E SUTTON LIMITED

Company Registration Number:
04964564 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2023

Period of accounts

Start date: 01 February 2022

End date: 31 January 2023

W E SUTTON LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2023

Balance sheet
Notes

W E SUTTON LIMITED

Balance sheet

As at 31 January 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 607,741 491,999
Total fixed assets: 607,741 491,999
Current assets
Stocks: 41,570 26,056
Debtors:   228,510 170,241
Cash at bank and in hand: 130,925 39,750
Total current assets: 401,005 236,047
Creditors: amounts falling due within one year:   (201,432) (181,846)
Net current assets (liabilities): 199,573 54,201
Total assets less current liabilities: 807,314 546,200
Creditors: amounts falling due after more than one year: 4 (184,455) (133,212)
Provision for liabilities: (29,428) (20,026)
Total net assets (liabilities): 593,431 392,962
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 593,331 392,862
Shareholders funds: 593,431 392,962

The notes form part of these financial statements

W E SUTTON LIMITED

Balance sheet statements

For the year ending 31 January 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 September 2023
and signed on behalf of the board by:

Name: D W SUTTON
Status: Director

The notes form part of these financial statements

W E SUTTON LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at fair value of the consideration received or receivable and net of vat and trade discounts.Revenue is recognised from the sale of goods and services when goods are delivered and legal title passed.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less depreciation and accumulated impairment losses.Depreciation is provided at rates calculated to write off the cost of fixed assets,less their estimated residual value,over their expected useful lives on the following basis:Plant and Machinery 15% Reducing balanceFixtures and Fittings 20% Reducing balanceMotor Vehicles 20% Reducing balance

Valuation and information policy

Stocks and work in progress are valued at the lower of cost or net realisable value after making due allowance for obsolete or slow moving stocks.Costs include all direct costs and an appropriate proportion of fixed and variable overheads.

Other accounting policies

Leasing and Hire Purchase-Assets obtained under hire purchase and finance leases are capitalised as tangible fixed assets.Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the Company.Obligations under such agreements are included in creditors net of finance charges allocated to future years.The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net outstanding obligations each year.Deferred Taxation-The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain assets for taxation and accounting purposes.Pensions-The Company operates a defined contribution scheme and pension charges represent the amount payable by the Company to the fund in respect of the year.

W E SUTTON LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

2. Employees

2023 2022
Average number of employees during the period 15 13

W E SUTTON LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

3. Tangible Assets

Total
Cost £
At 01 February 2022 1,026,559
Additions 268,062
Disposals (65,000)
At 31 January 2023 1,229,621
Depreciation
At 01 February 2022 534,560
Charge for year 105,358
On disposals (18,038)
At 31 January 2023 621,880
Net book value
At 31 January 2023 607,741
At 31 January 2022 491,999

W E SUTTON LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

4. Creditors: amounts falling due after more than one year note

Of the creditors due within one year and more than one year hire purchase contracts and bank overdrafts totalling £250326(2022 £164512) are secured.

W E SUTTON LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2023

5. Related party transactions

Name of the related party: D W Sutton
Relationship:
Director and Shareholder
Description of the Transaction: Rent of a yard to the Company.The rent £6000 is shown in the Profit and Loss Account.
£
Balance at 01 February 2022 0
Balance at 31 January 2023 0