2022-09-012023-08-312023-08-31false04503935SUSSEX TOWING BRACKETS 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SUSSEX TOWING BRACKETS LIMITED

Registered Number
04503935
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2023

SUSSEX TOWING BRACKETS LIMITED
Company Information
for the year from 1 September 2022 to 31 August 2023

Director

VISE, Graeme Richard

Registered Address

111 Thornhill Rise
Portslade
BN41 2YJ

Registered Number

04503935 (England and Wales)
SUSSEX TOWING BRACKETS LIMITED
Balance Sheet as at
31 August 2023

Notes

2023

2022

£

£

£

£

Current assets
Stocks711,08312,517
Debtors810,61910,901
Cash at bank and on hand19,56018,747
41,26242,165
Creditors amounts falling due within one year9(35,343)(31,309)
Net current assets (liabilities)5,91910,856
Total assets less current liabilities5,91910,856
Net assets5,91910,856
Capital and reserves
Called up share capital55
Profit and loss account5,91410,851
Shareholders' funds5,91910,856
The financial statements were approved and authorised for issue by the Director on 2 March 2024, and are signed on its behalf by:
VISE, Graeme Richard
Director
Registered Company No. 04503935
SUSSEX TOWING BRACKETS LIMITED
Notes to the Financial Statements
for the year ended 31 August 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activities of the company continued to be the supply and fit of towbars and caravan accessories.
4.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery5
Vehicles5
Office Equipment5
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Deferred tax policy
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.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20232022
Average number of employees during the year33
6.Property, plant and equipment

Plant & machinery

Vehicles

Total

£££
Cost or valuation
At 01 September 223,81817,33021,148
At 31 August 233,81817,33021,148
Depreciation and impairment
At 01 September 223,81817,33021,148
At 31 August 233,81817,33021,148
Net book value
At 31 August 23---
At 31 August 22---
7.Stocks

2023

2022

££
Payments on account, stocks11,08312,517
Total11,08312,517
8.Debtors

2023

2022

££
Trade debtors / trade receivables6,2496,479
Other debtors462564
Prepayments and accrued income3,9083,858
Total10,61910,901
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.
9.Creditors within one year

2023

2022

££
Trade creditors / trade payables9,5055,228
Taxation and social security4,5704,813
Other creditors21,01821,018
Accrued liabilities and deferred income250250
Total35,34331,309
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.
10.Provisions for liabilities