SUDORF TOOLS LIMITED

Company Registration Number:
07098872 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2023

Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

SUDORF TOOLS LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2023

Balance sheet
Notes

SUDORF TOOLS LIMITED

Balance sheet

As at 31 May 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 55,413 69,856
Total fixed assets: 55,413 69,856
Current assets
Stocks: 115,193 55,000
Debtors:   1,516,614 1,139,675
Cash at bank and in hand: 62,694 102,373
Total current assets: 1,694,501 1,297,048
Creditors: amounts falling due within one year:   (361,120) (225,458)
Net current assets (liabilities): 1,333,381 1,071,590
Total assets less current liabilities: 1,388,794 1,141,446
Total net assets (liabilities): 1,388,794 1,141,446
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 1,388,792 1,141,444
Shareholders funds: 1,388,794 1,141,446

The notes form part of these financial statements

SUDORF TOOLS LIMITED

Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 February 2024
and signed on behalf of the board by:

Name: Walter Beaney
Status: Director

The notes form part of these financial statements

SUDORF TOOLS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible fixed assets and depreciation policy

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:Fixtures, fittings and equipment - 25% straight lineMotor vehicles - 20% reducing balance

Valuation and information policy

Stock is valued at the lower of cost and net realisable value.

Other accounting policies

Foreign currenciesMonetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the Profit and Loss Account.

SUDORF TOOLS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

2. Employees

2023 2022
Average number of employees during the period 3 3

SUDORF TOOLS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible Assets

Total
Cost £
At 01 June 2022 141,329
Additions 1,353
At 31 May 2023 142,682
Depreciation
At 01 June 2022 71,473
Charge for year 15,796
At 31 May 2023 87,269
Net book value
At 31 May 2023 55,413
At 31 May 2022 69,856

SUDORF TOOLS LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Related party transactions

Name of the related party: WTB Properties Limited
Relationship:
Company owned by the directors
Description of the Transaction: Included in debtors is an amount of £1,505,587 loaned by Sudorf Tools Limited to WTB Properties Limited, whose directors and only shareholders are Mr W J Beaney and Mr T D Beaney. The loan has been made to help WTB Properties Limited with the costs of building a caravan park in Shropshire.
£
Balance at 01 June 2022 1,095,629
Balance at 31 May 2023 1,505,587