REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
25 FEBRUARY 2022 TO 28 FEBRUARY 2023 |
FOR |
SF SERVICES EAST SUSSEX LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
25 FEBRUARY 2022 TO 28 FEBRUARY 2023 |
FOR |
SF SERVICES EAST SUSSEX LIMITED |
SF SERVICES EAST SUSSEX LIMITED (REGISTERED NUMBER: 13942143) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 25 FEBRUARY 2022 TO 28 FEBRUARY 2023 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 3 |
SF SERVICES EAST SUSSEX LIMITED (REGISTERED NUMBER: 13942143) |
BALANCE SHEET |
28 FEBRUARY 2023 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
NET LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Non distributable reserve | 11 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
SF SERVICES EAST SUSSEX LIMITED (REGISTERED NUMBER: 13942143) |
BALANCE SHEET - continued |
28 FEBRUARY 2023 |
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. |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
SF SERVICES EAST SUSSEX LIMITED (REGISTERED NUMBER: 13942143) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 25 FEBRUARY 2022 TO 28 FEBRUARY 2023 |
1. | STATUTORY INFORMATION |
SF Services East Sussex Limited is a |
Registered number: |
Registered office: |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The accounts have been prepared on a going concern basis notwithstanding the net liability currently shown on the balance sheet. The directors have confirmed their intention to support the company for at least the next 12 months. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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. |
SF SERVICES EAST SUSSEX LIMITED (REGISTERED NUMBER: 13942143) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 25 FEBRUARY 2022 TO 28 FEBRUARY 2023 |
3. | ACCOUNTING POLICIES - continued |
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 period end and that are expected to apply to the reversal of the timing difference. |
Provision is made for tax on gains and losses arising from investment assets that are measured at fair value. This is measured using the tax rates and allowances that are expected to apply to the sale of the asset. |
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. |
Financial instruments |
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. |
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. |
Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity. |
Fixed asset investments |
The fixed asset investments are revalued annually to their fair value. The movement in value is recognised in the profit and loss account. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
SF SERVICES EAST SUSSEX LIMITED (REGISTERED NUMBER: 13942143) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 25 FEBRUARY 2022 TO 28 FEBRUARY 2023 |
5. | FIXED ASSET INVESTMENTS |
Listed |
investments |
£ |
COST OR VALUATION |
Additions |
Disposals | ( |
) |
Revaluations |
At 28 February 2023 |
NET BOOK VALUE |
At 28 February 2023 |
Cost or valuation at 28 February 2023 is represented by: |
Listed |
investments |
£ |
Valuation in 2023 | 23,926 |
Cost | 474,295 |
498,221 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
Corporation tax recoverable |
Deferred tax asset | 640 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Accruals and deferred income |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Other loans more 5yrs non-inst | 600,000 |
SF SERVICES EAST SUSSEX LIMITED (REGISTERED NUMBER: 13942143) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 25 FEBRUARY 2022 TO 28 FEBRUARY 2023 |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
£ |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Other loans more 5yrs non-inst |
9. | DEFERRED TAX |
£ |
Provided during period | ( |
) |
Balance at 28 February 2023 | ( |
) |
10. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £1 | 90 |
Ordinary A | £1 | 5 |
Ordinary B | £1 | 5 |
100 |
The following shares were allotted and fully paid for cash at par during the period: |
90 Ordinary shares of £1 each |
5 Ordinary A shares of £1 each |
5 Ordinary B shares of £1 each |
11. | RESERVES |
Non |
distributable |
reserve |
£ |
Revaluation of investments | 19,380 |
At 28 February 2023 |