Sweetmore Engineering Holdings Limited 00160464 true 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is non trading Digita Accounts Production Advanced 6.30.9574.0 true Mr Michael James Richards Mr Robert John Salisbury Mr James Michael Salisbury false true 00160464 2022-07-01 2023-06-30 00160464 2023-06-30 00160464 bus:OrdinaryShareClass1 2023-06-30 00160464 core:CapitalRedemptionReserve 2023-06-30 00160464 core:RetainedEarningsAccumulatedLosses 2023-06-30 00160464 core:ShareCapital 2023-06-30 00160464 core:SharePremium 2023-06-30 00160464 core:CurrentFinancialInstruments 2023-06-30 00160464 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 00160464 bus:FRS102 2022-07-01 2023-06-30 00160464 bus:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 00160464 bus:FullAccounts 2022-07-01 2023-06-30 00160464 bus:RegisteredOffice 2022-07-01 2023-06-30 00160464 bus:Director1 2022-07-01 2023-06-30 00160464 bus:Director2 2022-07-01 2023-06-30 00160464 bus:Director5 2022-07-01 2023-06-30 00160464 bus:OrdinaryShareClass1 2022-07-01 2023-06-30 00160464 bus:EntityNoLongerTradingButTradedInPast 2022-07-01 2023-06-30 00160464 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 00160464 core:AllAssociates 2022-07-01 2023-06-30 00160464 1 2022-07-01 2023-06-30 00160464 countries:England 2022-07-01 2023-06-30 00160464 2022-06-30 00160464 bus:OrdinaryShareClass1 2022-06-30 00160464 core:CapitalRedemptionReserve 2022-06-30 00160464 core:RetainedEarningsAccumulatedLosses 2022-06-30 00160464 core:ShareCapital 2022-06-30 00160464 core:SharePremium 2022-06-30 00160464 core:CurrentFinancialInstruments 2022-06-30 00160464 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 00160464

Sweetmore Engineering Holdings Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2023

 

Sweetmore Engineering Holdings Limited

Profit and Loss Account for the Year Ended 30 June 2023

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Sweetmore Engineering Holdings Limited

(Registration number: 00160464)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Current assets

 

Debtors

3

1,949,053

1,949,053

Capital and reserves

 

Called up share capital

4

13,500

13,500

Share premium reserve

51,020

51,020

Capital redemption reserve

6,250

6,250

Retained earnings

1,878,283

1,878,283

Shareholders' funds

 

1,949,053

1,949,053

For the financial year ending 30 June 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 20 February 2024 and signed on its behalf by:
 

.........................................
Mr Michael James Richards
Director

 

Sweetmore Engineering Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Doulton Road
Cradley Heath
West Midlands
B64 5QS

These financial statements were authorised for issue by the Board on 20 February 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Sweetmore Engineering Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2023 (continued)

3

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

5

1,949,053

1,948,033

Other debtors

 

-

1,020

   

1,949,053

1,949,053

4

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary Shares of £1 each

13,500

13,500

13,500

13,500

         

5

Related party transactions

Summary of transactions with associates

The company has taken advantage of the exemptions in FRS 102 "related party transactions" from disclosing transactions with other members of the group.
 

6

Parent and ultimate parent undertaking

The company's immediate parent is Westley Group Limited, incorporated in England.

 The ultimate parent is Musgrave Holdings Limited, incorporated in England.

 The most senior parent entity producing publicly available financial statements is Musgrave Holdings Limited. These financial statements are available upon request from Doulton Road
Cradley Heath
West Midlands
B64 5QS