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REGISTERED NUMBER: 00724517 (England and Wales)













Unaudited Financial Statements

for the Year Ended 28 February 2023

for

A Suggitt Limited

A Suggitt Limited (Registered number: 00724517)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A Suggitt Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: A P Suggitt
Mrs C Parker





SECRETARY: A P Suggitt





REGISTERED OFFICE: Waterfall Terrace
Great Ayton
Middlesbrough
TS9 6NF





REGISTERED NUMBER: 00724517 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff LLP
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

A Suggitt Limited (Registered number: 00724517)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,401 49,490

CURRENT ASSETS
Stocks 15,749 10,576
Debtors 5 3,296 2,164
Cash at bank and in hand 46,774 41,683
65,819 54,423
CREDITORS
Amounts falling due within one year 6 11,027 11,007
NET CURRENT ASSETS 54,792 43,416
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,193

92,906

PROVISIONS FOR LIABILITIES 1,070 1,670
NET ASSETS 100,123 91,236

CAPITAL AND RESERVES
Called up share capital 7 578 578
Retained earnings 99,545 90,658
SHAREHOLDERS' FUNDS 100,123 91,236

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.

A Suggitt Limited (Registered number: 00724517)

Balance Sheet - continued
28 February 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 8 November 2023 and were signed on its behalf by:





A P Suggitt - Director


A Suggitt Limited (Registered number: 00724517)

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

1. STATUTORY INFORMATION

A Suggitt 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.
Freehold property - not provided
Plant and machinery - 10% on cost
Fixtures and fittings - 25% on cost and 25% on reducing balance
Flat furnishings - 20% on cost

In the opinion of the director the freehold property has a residual value in excess of the carrying value. As a result no depreciation has been charged during the year.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Pension costs and other post-retirement benefits
The company operates a non-contributory defined contribution pension scheme. Premiums are charged to the Profit and Loss Account in the year in which they are paid.

A Suggitt Limited (Registered number: 00724517)

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

2. ACCOUNTING POLICIES - continued

Debtors and creditors receivable/payable
Debtors and creditors with no stated interest rate and receivable or payable are recorded at transaction price. Any losses arising from impairment are recognised in the income statement in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Flat
property machinery fittings furnishings Totals
£    £    £    £    £   
COST
At 1 March 2022
and 28 February 2023 41,045 49,503 19,957 1,845 112,350
DEPRECIATION
At 1 March 2022 305 40,858 19,857 1,840 62,860
Charge for year - 3,068 21 - 3,089
At 28 February 2023 305 43,926 19,878 1,840 65,949
NET BOOK VALUE
At 28 February 2023 40,740 5,577 79 5 46,401
At 28 February 2022 40,740 8,645 100 5 49,490

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 3,296 2,164

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,263 1,434
Taxation and social security 5,524 6,655
Other creditors 3,240 2,918
11,027 11,007

A Suggitt Limited (Registered number: 00724517)

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

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
578 Ordinary £1 578 578