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REGISTERED NUMBER: 05655752 (England and Wales)















STURCH ASSOCIATES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






STURCH ASSOCIATES LIMITED (REGISTERED NUMBER: 05655752)






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


STURCH ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mrs S Sturch
Mr L A Sturch





SECRETARY: Mrs S Sturch





REGISTERED OFFICE: King Arthurs Court
Maidstone Road
Charing
Ashford
Kent
TN27 0JS





REGISTERED NUMBER: 05655752 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

STURCH ASSOCIATES LIMITED (REGISTERED NUMBER: 05655752)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 482,567 480,887

CURRENT ASSETS
Stocks 3,895 5,895
Debtors 5 150,036 131,720
Cash at bank 2,913 19,234
156,844 156,849
CREDITORS
Amounts falling due within one year 6 (77,114 ) (83,645 )
NET CURRENT ASSETS 79,730 73,204
TOTAL ASSETS LESS CURRENT
LIABILITIES

562,297

554,091

CREDITORS
Amounts falling due after more than one
year

7

(374,519

)

(390,064

)

PROVISIONS FOR LIABILITIES (11,911 ) (10,929 )
NET ASSETS 175,867 153,098

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 175,767 152,998
175,867 153,098

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.

STURCH ASSOCIATES LIMITED (REGISTERED NUMBER: 05655752)

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 1 December 2023 and were signed on its behalf by:





Mr L A Sturch - Director


STURCH ASSOCIATES LIMITED (REGISTERED NUMBER: 05655752)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Sturch Associates 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.

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 - 2% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

STURCH ASSOCIATES LIMITED (REGISTERED NUMBER: 05655752)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Fixture & Motor
property machinery Fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2022 520,863 10,000 4,186 136,363 671,412
Additions - - - 31,283 31,283
At 31 March 2023 520,863 10,000 4,186 167,646 702,695
DEPRECIATION
At 1 April 2022 97,500 2,083 3,418 87,524 190,525
Charge for year 7,400 1,980 192 20,031 29,603
At 31 March 2023 104,900 4,063 3,610 107,555 220,128
NET BOOK VALUE
At 31 March 2023 415,963 5,937 576 60,091 482,567
At 31 March 2022 423,363 7,917 768 48,839 480,887

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 56,747 51,904
Sundry debtors - 9,564
Staff loans 11,410 8,610
Durland House 81,879 61,642
150,036 131,720

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 39,923 36,343
Hire purchase contracts 3,398 -
Trade creditors - 2,534
Corporation Tax 18,080 20,489
Social security and other taxes 2,778 2,312
VAT 10,372 17,853
Sundry creditors 443 2,264
Accrued expenses 2,120 1,850
77,114 83,645

STURCH ASSOCIATES LIMITED (REGISTERED NUMBER: 05655752)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 361,492 390,064
Hire purchase contracts 13,027 -
374,519 390,064