Company registration number 04858874 (England and Wales)
SUEME LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
SUEME LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
SUEME LIMITED (REGISTERED NUMBER: 04858874)
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
398,214
293,741
Current assets
Debtors
4
618
4,331
Cash at bank and in hand
3,984
5,077
4,602
9,408
Creditors: amounts falling due within one year
5
(536,023)
(415,248)
Net current liabilities
(531,421)
(405,840)
Net liabilities
(133,207)
(112,099)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(133,209)
(112,101)
Total equity
(133,207)
(112,099)
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 16 November 2023
J Peppit
Director
SUEME LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 2 -
1
Accounting policies
Company information
Sueme Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 5 Broadwindsor Industrial Estate, Broadwindsor Road, Beaminster, Dorset, DT8 3DP.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
The company has on going financial support from its directors.
1.3
Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold Buildings
over 50 years (land element not depreciated)
Fixtures, fittings & equipment
20% on cost
Computer equipment
20% on cost
Motor vehicles
25% reducing balance
1.5
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
SUEME LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 3 -
1.6
Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
1
3
Tangible fixed assets
Freehold Buildings
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 April 2022
293,739
5,269
1,074
20,663
320,745
Additions
112,890
216
113,106
At 31 March 2023
406,629
5,269
1,290
20,663
433,851
Depreciation and impairment
At 1 April 2022
6,122
3,422
1,074
16,386
27,004
Depreciation charged in the year
6,996
554
14
1,069
8,633
At 31 March 2023
13,118
3,976
1,088
17,455
35,637
Carrying amount
At 31 March 2023
393,511
1,293
202
3,208
398,214
At 31 March 2022
287,616
1,848
4,277
293,741
SUEME LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
38
3,883
Other debtors
580
448
618
4,331
5
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,236
936
Other creditors
534,787
414,312
536,023
415,248