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REGISTERED NUMBER: 00578219 (England and Wales)










M.SEDGWICK & COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






M.SEDGWICK & COMPANY LIMITED (REGISTERED NUMBER: 00578219)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Balance Sheet 1 to 2

Notes to the Financial Statements 3 to 6


M.SEDGWICK & COMPANY LIMITED (REGISTERED NUMBER: 00578219)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 302,709 333,829

CURRENT ASSETS
Stocks 426,797 459,227
Debtors 5 71,223 84,245
Cash at bank and in hand 85,968 51,173
583,988 594,645
CREDITORS
Amounts falling due within one year 6 408,777 420,558
NET CURRENT ASSETS 175,211 174,087
TOTAL ASSETS LESS CURRENT LIABILITIES 477,920 507,916

CREDITORS
Amounts falling due after more than one year 7 (14,808 ) (24,949 )

PROVISIONS FOR LIABILITIES (15,388 ) (23,587 )
NET ASSETS 447,724 459,380

CAPITAL AND RESERVES
Called up share capital 9 311 311
Capital redemption reserve 10 689 689
Retained earnings 10 446,724 458,380
SHAREHOLDERS' FUNDS 447,724 459,380

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

M.SEDGWICK & COMPANY LIMITED (REGISTERED NUMBER: 00578219)

BALANCE SHEET - continued
31ST DECEMBER 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 director and authorised for issue on 28th March 2024 and were signed by:





R J Sedgwick - Director


M.SEDGWICK & COMPANY LIMITED (REGISTERED NUMBER: 00578219)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

M.Sedgwick & Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00578219

Registered office: Stanningley Field Close
Swinnow Lane
Leeds
West Yorkshire
LS13 4QG

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Buildings - 5% on reducing balance
Plant and Machinery - 25% on reducing balance
Motor Vehicles - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% 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.


M.SEDGWICK & COMPANY LIMITED (REGISTERED NUMBER: 00578219)

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


2. 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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st January 2023
and 31st December 2023 717,402 1,227,012 1,944,414
DEPRECIATION
At 1st January 2023 489,973 1,120,612 1,610,585
Charge for year 4,580 26,540 31,120
At 31st December 2023 494,553 1,147,152 1,641,705
NET BOOK VALUE
At 31st December 2023 222,849 79,860 302,709
At 31st December 2022 227,429 106,400 333,829

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 50,953 65,078
Other debtors 20,256 19,167
71,209 84,245

M.SEDGWICK & COMPANY LIMITED (REGISTERED NUMBER: 00578219)

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


5. DEBTORS - continued
2023 2022
£    £   
Amounts falling due after more than one year:
Amounts receivable in respect of finance leases 14 -

Aggregate amounts 71,223 84,245

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 10,143 9,891
Trade creditors 77,097 92,664
Taxation and social security 8,186 24,500
Other creditors 313,351 293,503
408,777 420,558

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 8) 14,808 24,949

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,143 9,891

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,397 10,141

Amounts falling due between two and five years:
Bank loans - 2-5 years 4,411 14,808

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
311 Ordinary £1 311 311

M.SEDGWICK & COMPANY LIMITED (REGISTERED NUMBER: 00578219)

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


10. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1st January 2023 458,380 689 459,069
Deficit for the year (11,656 ) (11,656 )
At 31st December 2023 446,724 689 447,413