Sussex & Surrey Partitioning Limited
Statement of financial position
as at 31 May 2023
Tangible assets
66,149
25,754
Inventories
62,500
102,000
Cash at bank and in hand
266,699
241,290
Creditors: amounts falling due within one year
(241,643)
(311,580)
Net current assets
276,431
235,630
Total assets less current liabilities
342,580
261,384
Creditors: amounts falling due after more than one year
(25,843)
(39,968)
Provisions for liabilities
Deferred tax
(16,537)
(4,893)
Net assets
300,200
216,523
Called up share capital
100
100
Profit and loss account
300,100
216,423
Shareholders' funds
300,200
216,523
For the year ending 31 May 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 February 2024 and were signed on its behalf by
Lee Bamblett-Wells
Director
Company Registration No. 07637110
Sussex & Surrey Partitioning Limited
Notes to the Accounts
for the year ended 31 May 2023
Sussex & Surrey Partitioning Limited is a private company, limited by shares, registered in England and Wales, registration number 07637110. The registered office is 34 Wisden Avenue, Burgess Hill, West Sussex, RH15 8TL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 May 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% of net book value
Motor vehicles
25% of net book value
Computer equipment
25% of net book value
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2022
2,621
45,698
4,186
52,505
Additions
-
48,870
-
48,870
At 31 May 2023
2,621
94,568
4,186
101,375
At 1 June 2022
2,355
20,659
3,737
26,751
Charge for the year
67
8,296
112
8,475
At 31 May 2023
2,422
28,955
3,849
35,226
At 31 May 2023
199
65,613
337
66,149
At 31 May 2022
266
25,039
449
25,754
Sussex & Surrey Partitioning Limited
Notes to the Accounts
for the year ended 31 May 2023
Amounts falling due within one year
Trade debtors
188,875
203,920
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
9,848
14,751
Obligations under finance leases and hire purchase contracts
45,579
-
Trade creditors
66,309
183,939
Taxes and social security
48,947
11,274
Other creditors
9,029
8,806
Loans from directors
681
(5,630)
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
4,918
-
8
Average number of employees
During the year the average number of employees was 6 (2022: 6).