Registration number:
S & P Developments (South West) Limited
for the Period from 1 March 2023 to 30 September 2023
S & P Developments (South West) Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
S & P Developments (South West) Limited
Company Information
Director |
S Kerslake |
Company secretary |
S Kerslake |
Registered office |
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Accountants |
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S & P Developments (South West) Limited
(Registration number: 06469318)
Balance Sheet
30 September 2023
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2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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S & P Developments (South West) Limited
(Registration number: 06469318)
Balance Sheet
30 September 2023
For the financial period ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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S & P Developments (South West) Limited
Notes to the Unaudited Financial Statements
Period from 1 March 2023 to 30 September 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The accounts have not been prepared on a going concern basis as the company has ceased to trade.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.
The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.
S & P Developments (South West) Limited
Notes to the Unaudited Financial Statements
Period from 1 March 2023 to 30 September 2023
Tax
The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Plant & machinery |
25% on the reducing balance |
Motor vehicles |
25% on the reducing balance |
Office equipment |
25% on the reducing balance |
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee. Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and are included in the Balance Sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
S & P Developments (South West) Limited
Notes to the Unaudited Financial Statements
Period from 1 March 2023 to 30 September 2023
Staff numbers |
The average number of persons employed by the company (including the director) during the period, was
Tangible assets |
Fixtures and fittings |
Plant and machinery |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 March 2023 |
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Disposals |
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At 30 September 2023 |
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Depreciation |
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At 1 March 2023 |
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Eliminated on disposal |
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At 30 September 2023 |
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Carrying amount |
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At 30 September 2023 |
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At 28 February 2023 |
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S & P Developments (South West) Limited
Notes to the Unaudited Financial Statements
Period from 1 March 2023 to 30 September 2023
Debtors |
2023 |
2023 |
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Other debtors |
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Prepayments |
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Creditors |
Creditors: amounts falling due within one year
2023 |
2023 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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