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REGISTERED NUMBER: 12849753 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Sussex Exteriors Ltd

Sussex Exteriors Ltd (Registered number: 12849753)

Contents of the Financial Statements
for the Year Ended 30 September 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sussex Exteriors Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTOR: J S Taylor





REGISTERED OFFICE: C/O Mulberry & Co
Eastgate House
Dogflud Way
Farnham
Surrey
GU9 7UD





REGISTERED NUMBER: 12849753 (England and Wales)





ACCOUNTANTS: Mulberry & Co
Chartered Certified Accountants
& Chartered Tax Advisers
C/O Mulberry & Co
Eastgate House
Dogflud Way
Farnham
Surrey
GU9 7UD

Sussex Exteriors Ltd (Registered number: 12849753)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,997 -

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 54,282 19,546
Cash at bank 8,981 5,321
68,263 29,867
CREDITORS
Amounts falling due within one year 6 (63,761 ) (29,662 )
NET CURRENT ASSETS 4,502 205
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,499

205

CREDITORS
Amounts falling due after more than one
year

7

(9,148

)

-

PROVISIONS FOR LIABILITIES (1,244 ) -
NET ASSETS 107 205

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 105
107 205

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Sussex Exteriors Ltd (Registered number: 12849753)

Balance Sheet - continued
30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 March 2024 and were signed by:





J S Taylor - Director


Sussex Exteriors Ltd (Registered number: 12849753)

Notes to the Financial Statements
for the Year Ended 30 September 2023


1. STATUTORY INFORMATION

Sussex Exteriors Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% 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 Statement of Income and Retained Earnings, 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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Sussex Exteriors Ltd (Registered number: 12849753)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
Additions 7,996
At 30 September 2023 7,996
DEPRECIATION
Charge for year 1,999
At 30 September 2023 1,999
NET BOOK VALUE
At 30 September 2023 5,997

Fixed assets, included in the above, which are held under finance leases are as follows:
Motor
vehicles
£   
COST
Additions 7,996
At 30 September 2023 7,996
DEPRECIATION
Charge for year 1,999
At 30 September 2023 1,999
NET BOOK VALUE
At 30 September 2023 5,997

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 341 -
Directors' current accounts 35,902 9,409
Tax 12,078 3,137
CIS recoverable 5,641 -
Accruals - 7,000
Prepayments 320 -
54,282 19,546

Sussex Exteriors Ltd (Registered number: 12849753)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Other loans 11,150 -
Finance leases (see note 8) 2,267 -
Trade creditors 14,903 7,176
Tax 28,334 5,545
Social security and other taxes - 2,888
VAT 5,818 13,024
Accrued expenses 1,289 1,029
63,761 29,662

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Other loans - 1-2 years 3,420 -
Finance leases (see note 8) 5,728 -
9,148 -

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Finance leases
30.9.23 30.9.22
£    £   
Net obligations repayable:
Within one year 2,267 -
Between one and five years 5,728 -
7,995 -

Non-cancellable operating leases
30.9.23 30.9.22
£    £   
Within one year 5,014 4,301
Between one and five years 12,117 14,694
17,131 18,995

Sussex Exteriors Ltd (Registered number: 12849753)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

30.9.23 30.9.22
£    £   
J S Taylor
Balance outstanding at start of year 9,409 3,109
Amounts advanced 26,493 6,300
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 35,902 9,409

10. ULTIMATE CONTROLLING PARTY

The controlling party is J S Taylor.