Registered number
09368443
Sowdenlight Ltd
Filleted Accounts
31 December 2023
Sowdenlight Ltd
Registered number: 09368443
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,452 2,902
Current assets
Stocks - 54,239
Debtors 4 69,306 227,265
Cash at bank and in hand - 18,862
69,306 300,366
Creditors: amounts falling due within one year 5 (247,846) (297,086)
Net current (liabilities)/assets (178,540) 3,280
Total assets less current liabilities (177,088) 6,182
Creditors: amounts falling due after more than one year 6 (150,103) (196,026)
Net liabilities (327,191) (189,844)
Capital and reserves
Called up share capital 100 100
Profit and loss account (327,291) (189,944)
Shareholders' funds (327,191) (189,844)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
George Sowden
Director
Approved by the board on 8 March 2024
Sowdenlight Ltd
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 5,802
At 31 December 2023 5,802
Depreciation
At 1 January 2023 2,900
Charge for the year 1,450
At 31 December 2023 4,350
Net book value
At 31 December 2023 1,452
At 31 December 2022 2,902
4 Debtors 2023 2022
£ £
Trade debtors 59,051 80,753
Amounts owed by group undertakings and undertakings in which the company has a participating interest 10,255 8,445
Prepayments - 137,594
Other debtors - 473
69,306 227,265
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 4,131 4,131
Amounts owed to group undertakings and undertakings in which the company has a participating interest - 229
Accruals 1,133 91,276
Director`s loan account 242,582 201,450
247,846 297,086
6 Creditors: amounts falling due after one year 2023 2022
£ £
Shareholder loans 87,092 87,092
Other creditors 63,011 108,934
150,103 196,026
7 Share capital Nominal 2023 2023 2022
value number £ £
Allotted, called up and fully paid: £0.01 each 10,000 100 100
Ordinary shares
100 100
8 Controlling party
The company is controlled by Morgan Sowden, who owns 51% of the issued share capital. Morgan Sowden is the son of the Director George Sowden.
9 Other information
Sowdenlight Ltd is a private company limited by shares and incorporated in England. Its registered office is:
16 Commerce Road
Wynch Wood
Peterborough
PE2 6LR
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