PTP Accounts Production v22.3.3.48 SC505182 Board of Directors Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false Ordinary 1.00000 24543 42270 21208 24934 38935 391 24543 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureSC5051822022-03-31SC5051822023-03-31SC5051822022-04-012023-03-31SC5051822021-03-31SC5051822021-04-012022-03-31SC5051822022-03-31SC505182ns16:Scotland2022-04-012023-03-31SC505182ns15:PoundSterling2022-04-012023-03-31SC505182ns11:Director12022-04-012023-03-31SC505182ns11:Director22022-04-012023-03-31SC505182ns11:PrivateLimitedCompanyLtd2022-04-012023-03-31SC505182ns11:SmallEntities2022-04-012023-03-31SC505182ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-31SC505182ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-31SC505182ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-31SC505182ns11:FullAccounts2022-04-012023-03-31SC505182ns11:OrdinaryShareClass12022-04-012023-03-31SC50518242ns11:Director22022-03-31SC50518242ns11:Director22021-03-31SC50518242ns11:Director22021-04-012022-03-31SC50518242ns11:Director22022-04-012023-03-31SC50518242ns11:Director22023-03-31SC50518242ns11:Director22022-03-31SC505182ns11:CompanySecretary12022-04-012023-03-31SC505182ns11:RegisteredOffice2022-04-012023-03-31SC505182ns6:CurrentFinancialInstruments2023-03-31SC505182ns6:CurrentFinancialInstruments2022-03-31SC505182ns6:ShareCapital2023-03-31SC505182ns6:ShareCapital2022-03-31SC505182ns6:RetainedEarningsAccumulatedLosses2023-03-31SC505182ns6:RetainedEarningsAccumulatedLosses2022-03-31SC505182ns6:PlantMachinery2022-04-012023-03-31SC505182ns6:ComputerEquipment2022-03-31SC505182ns6:ComputerEquipment2023-03-31SC505182ns6:ComputerEquipment2022-03-31SC505182ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-31SC505182ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-31SC505182ns11:OrdinaryShareClass12023-03-31SC505182ns6:RetainedEarningsAccumulatedLosses2022-03-31SC505182ns6:RetainedEarningsAccumulatedLosses2022-04-012023-03-31SC505182ns11:Director112022-03-31SC505182ns11:Director112021-03-31SC505182ns11:Director112022-04-012023-03-31SC505182ns11:Director112021-04-012022-03-31SC505182ns11:Director112023-03-31SC505182ns11:Director112022-03-31
REGISTERED NUMBER: SC505182 (Scotland)





Unaudited Financial Statements for the Year Ended 31 March 2023

for

Sandwood Bay Limited

Sandwood Bay Limited (Registered number: SC505182)






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


Sandwood Bay Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: A Ellis
Mrs F Ellis





SECRETARY: Mrs F Ellis





REGISTERED OFFICE: Dachaigh
Forgandenny
Perthshire
PH2 9ET





REGISTERED NUMBER: SC505182 (Scotland)





ACCOUNTANTS: Gordon Thoms BA CA
Dunedin
Heughfield Road
Bridge of Earn
Perthshire
PH2 9BH

Sandwood Bay Limited (Registered number: SC505182)

Balance Sheet
31 March 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 5 16,263 114,800
Cash at bank 192,218 127,058
208,481 241,858
CREDITORS
Amounts falling due within one year 6 1,746 15,408
NET CURRENT ASSETS 206,735 226,450
TOTAL ASSETS LESS CURRENT
LIABILITIES

206,735

226,450

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 206,635 226,350
SHAREHOLDERS' FUNDS 206,735 226,450

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 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.

Sandwood Bay Limited (Registered number: SC505182)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2023 and were signed on its behalf by:




A Ellis - Director



Mrs F Ellis - Director


Sandwood Bay Limited (Registered number: SC505182)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Sandwood Bay Limited is a private company, limited by shares , registered in Scotland. 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.

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.
Plant and machinery etc - 25% on cost

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Sandwood Bay Limited (Registered number: SC505182)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2022
and 31 March 2023 4,419
DEPRECIATION
At 1 April 2022
and 31 March 2023 4,419
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,326 84,320
Other debtors 5,937 5,937
Directors' loan accounts - 24,543
16,263 114,800

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 1,081 14,888
Directors' loan accounts 391 -
Accrued expenses 274 520
1,746 15,408

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

Sandwood Bay Limited (Registered number: SC505182)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. RESERVES
Retained
earnings
£   

At 1 April 2022 226,350
Profit for the year 4,785
Dividends (24,500 )
At 31 March 2023 206,635

9. TRANSACTIONS WITH DIRECTORS

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
A Ellis and Mrs F Ellis
Balance outstanding at start of year 24,543 42,270
Amounts advanced - 21,208
Amounts repaid (24,934 ) (38,935 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (391 ) 24,543

Included within debtors in due within one year for the year ended 31 March 2022 is the above directors' loan balance of £24,543. Interest was charged at 2.5% pa. In the year to 31 March 2023, this loan was repaid and the company owes the director's £391 at 31 March 2023.