REGISTERED NUMBER: |
SDH Limited |
Unaudited Financial Statements |
for the Year Ended 6th May 2023 |
REGISTERED NUMBER: |
SDH Limited |
Unaudited Financial Statements |
for the Year Ended 6th May 2023 |
SDH Limited (Registered number: SC098177) |
Contents of the Financial Statements |
for the year ended 6th May 2023 |
Page |
Company information | 1 |
Balance sheet | 2 |
Notes to the financial statements | 3 | to | 4 |
SDH Limited |
Company Information |
for the year ended 6th May 2023 |
Director: |
Registered office: |
Business address: |
Registered number: |
Accountants: |
Academy House |
Shedden Park Road |
Kelso |
Roxburghshire |
TD5 7AL |
SDH Limited (Registered number: SC098177) |
Balance Sheet |
6th May 2023 |
2023 | 2022 |
Notes | £ | £ |
Current assets |
Debtors | 4 |
Investments | 5 |
Cash at bank |
Creditors |
Amounts falling due within one year | 6 |
Net current assets |
Total assets less current liabilities |
Capital and reserves |
Called up share capital |
Other reserves |
Retained earnings | ( |
) | ( |
) |
The director acknowledges her 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. |
In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
SDH Limited (Registered number: SC098177) |
Notes to the Financial Statements |
for the year ended 6th May 2023 |
1. | Statutory information |
SDH Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
Turnover |
Turnover represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end. |
Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned. |
Financial instruments |
The following assets and liabilities are classified as financial instruments - directors loans, other loans, trade creditors and accruals. |
Directors loans, other loans, trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. |
Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings. |
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis. |
The directors have considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements. |
3. | Employees and directors |
The average number of employees during the year was NIL (2022 - NIL). |
4. | Debtors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Amounts owed by group undertakings |
5. | Current asset investments |
2023 | 2022 |
£ | £ |
Shares in group undertakings |
SDH Limited (Registered number: SC098177) |
Notes to the Financial Statements - continued |
for the year ended 6th May 2023 |
6. | Creditors: amounts falling due within one year |
2023 | 2022 |
£ | £ |
Trade creditors |
Other creditors |
7. | Directors' advances, credits and guarantees |
The following advances and credits to a director subsisted during the years ended 6th May 2023 and 6th May 2022: |
2023 | 2022 |
£ | £ |
Balance outstanding at start of year |
Amounts repaid | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
This loan is unsecured, repayable on demand and interest free. |