IRIS Accounts Production v23.4.0.336 06994612 Board of Directors 1.9.22 31.8.23 31.8.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh069946122022-08-31069946122023-08-31069946122022-09-012023-08-31069946122021-08-31069946122021-09-012022-08-31069946122022-08-3106994612ns15:EnglandWales2022-09-012023-08-3106994612ns14:PoundSterling2022-09-012023-08-3106994612ns10:Director12022-09-012023-08-3106994612ns10:PrivateLimitedCompanyLtd2022-09-012023-08-3106994612ns10:SmallEntities2022-09-012023-08-3106994612ns10:AuditExempt-NoAccountantsReport2022-09-012023-08-3106994612ns10:SmallCompaniesRegimeForDirectorsReport2022-09-012023-08-3106994612ns10:SmallCompaniesRegimeForAccounts2022-09-012023-08-3106994612ns10:FullAccounts2022-09-012023-08-310699461212022-09-012023-08-3106994612ns10:Director22022-09-012023-08-3106994612ns10:Director32022-09-012023-08-3106994612ns10:Director42022-09-012023-08-3106994612ns10:RegisteredOffice2022-09-012023-08-3106994612ns5:CurrentFinancialInstruments2023-08-3106994612ns5:CurrentFinancialInstruments2022-08-3106994612ns5:ShareCapital2023-08-3106994612ns5:ShareCapital2022-08-3106994612ns5:RetainedEarningsAccumulatedLosses2023-08-3106994612ns5:RetainedEarningsAccumulatedLosses2022-08-3106994612ns5:NetGoodwill2022-09-012023-08-3106994612ns5:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-3106994612ns5:LandBuildings2022-09-012023-08-3106994612ns5:PlantMachinery2022-09-012023-08-3106994612ns5:NetGoodwill2022-08-3106994612ns5:NetGoodwill2023-08-3106994612ns5:NetGoodwill2022-08-3106994612ns5:LandBuildings2022-08-3106994612ns5:PlantMachinery2022-08-3106994612ns5:LandBuildings2023-08-3106994612ns5:PlantMachinery2023-08-3106994612ns5:LandBuildings2022-08-3106994612ns5:PlantMachinery2022-08-3106994612ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-08-3106994612ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-08-31
REGISTERED NUMBER: 06994612 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

S & P SANDWICHES LIMITED

S & P SANDWICHES LIMITED (REGISTERED NUMBER: 06994612)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


S & P SANDWICHES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: Mr C Head
Mr N W Head
Mr J C Head
Mrs G A Head





REGISTERED OFFICE: 35 Longfield
FALMOUTH
Cornwall
TR11 4SJ





REGISTERED NUMBER: 06994612 (England and Wales)





ACCOUNTANTS: Lang Bennetts Chartered Accountants
Bickland House
Bickland Water Road
Falmouth
Cornwall
TR11 4SB

S & P SANDWICHES LIMITED (REGISTERED NUMBER: 06994612)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 106,044 95,031
106,044 95,031

CURRENT ASSETS
Stocks 9,556 7,281
Debtors 6 17,204 15,561
Cash at bank and in hand 233,609 240,201
260,369 263,043
CREDITORS
Amounts falling due within one year 7 58,663 57,703
NET CURRENT ASSETS 201,706 205,340
TOTAL ASSETS LESS CURRENT
LIABILITIES

307,750

300,371

PROVISIONS FOR LIABILITIES 9,247 6,889
NET ASSETS 298,503 293,482

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 298,403 293,382
SHAREHOLDERS' FUNDS 298,503 293,482

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

S & P SANDWICHES LIMITED (REGISTERED NUMBER: 06994612)

BALANCE SHEET - continued
31 AUGUST 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 11 March 2024 and were signed on its behalf by:





Mr C Head - Director


S & P SANDWICHES LIMITED (REGISTERED NUMBER: 06994612)

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

1. STATUTORY INFORMATION

S & P Sandwiches 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
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be readily measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates Value Added Tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 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.

S & P SANDWICHES LIMITED (REGISTERED NUMBER: 06994612)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 20,000
AMORTISATION
At 1 September 2022
and 31 August 2023 20,000
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2022 69,976 115,170 185,146
Additions - 30,605 30,605
Disposals - (12,000 ) (12,000 )
At 31 August 2023 69,976 133,775 203,751
DEPRECIATION
At 1 September 2022 11,200 78,915 90,115
Charge for year 1,400 16,222 17,622
Eliminated on disposal - (10,030 ) (10,030 )
At 31 August 2023 12,600 85,107 97,707
NET BOOK VALUE
At 31 August 2023 57,376 48,668 106,044
At 31 August 2022 58,776 36,255 95,031

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 13,765 13,109
Other debtors 3,439 2,452
17,204 15,561

S & P SANDWICHES LIMITED (REGISTERED NUMBER: 06994612)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 17,384 20,492
Taxation and social security 6,139 19,509
Other creditors 35,140 17,702
58,663 57,703