Registered Number:12331837 |
For the year ended 30 November 2023
England and Wales
Unaudited Financial Statements
For the year ended 30 November 2023
Sandwillwood Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Sandwillwood Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
2,330,251
2,412,973
2
2,330,251
2,412,973
7,275
8,394
3
Trade and other receivables |
9,217
9,846
4
19,965
Cash and cash equivalents |
13,032
31,272
36,457
Trade and other payables: amounts falling due within one |
year |
(45,627)
(38,917)
5
(9,170)
(7,645)
Net current liabilities
Total assets less current liabilities |
2,322,606
2,403,803
Trade and other payables: amounts falling due after more |
than one year |
(2,625,635)
(2,855,635)
6
(533,029)
Net liabilities
(221,832)
100
100
(533,129)
(221,932)
(533,029)
(221,832)
Shareholders' funds
For the year ended 30 November 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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 Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
Sandra Littlewood Director |
William Littlewood Director |
These financial statements were approved and authorised for issue by the Board on 20 February 2024 and were signed by: |
The notes form part of these financial statements |
1 of 4
For the year ended 30 November 2023
Sandwillwood Limited
Notes to the Financial Statements
Statutory Information
Sandwillwood Limited is a private limited company, limited by shares, domiciled in England and Wales, registration |
number 12331837. |
Holmdale
Holmbury St. Mary
Dorking
England
RH5 6NR
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Freehold buildings: 2% straight lineFurniture and fittings: 20% reducing balancePlant and machinery: 20% reducing balanceComputer equipment: 33% reducing balance |
Inventories
Inventories are value at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
2 of 4
For the year ended 30 November 2023
Sandwillwood Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment |
2,444,484
17,251
101,238
155,953
2,170,042
9,693
-
9,693
-
-
155,953
110,931
17,251
2,454,177
2,170,042
Provision for depreciation and impairment |
31,511
1,898
6,749
10,397
12,467
Charge for year
92,415
5,066
20,837
29,111
37,401
123,926
6,964
27,586
39,508
49,868
2,120,174
116,445
83,345
10,287
2,330,251
2,157,575
145,556
94,489
15,353
2,412,973
2022
2023
8,394
7,275
4. Trade and other receivables |
2022
2023
1,980
-
7,866
9,217
9,217
9,846
5. Trade and other payables: amounts falling due within one year |
2022
2023
12,920
22,208
Taxation and social security |
21,109
15,750
4,888
7,669
38,917
45,627
3 of 4
For the year ended 30 November 2023
Sandwillwood Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
2,855,635
2,625,635
Other creditors falling due after more than one year are comprised solely of amounts advanced by directors to the company. Details regarding interest and directors' guarantees are included in note 7. |
7. Directors advances and guarantees |
At the start of the financial year there were total outstanding loans advanced to the company by the directors of |
£2,625,635 (2022: £1,904,040). During the year the directors advanced a further £230,000 (2022: £721,595) to the |
company. At the balance sheet date, total advances made to the company by the directors were £2,855,635 (2022: |
£2,625,635). The loans are non-interest bearing and the directors, who are also 100% shareholders of the company, |
have undertaken to continue to support the company without recourse to their loans in the foreseeable future. |
8. Average number of persons employed |
During the year the average number of employees was 17 (2022 : 11)
4 of 4