Registered number
07135585
Sudek Ltd
Unaudited Filleted Accounts
31 January 2024
Sudek Ltd
Registered number: 07135585
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 4,368 3,529
Current assets
Stocks 39,779 44,783
Debtors 5 880 1,138
Cash at bank and in hand 193,104 209,310
233,763 255,231
Creditors: amounts falling due within one year 6 (27,548) (33,395)
Net current assets 206,215 221,836
Net assets 210,583 225,365
Capital and reserves
Called up share capital 100 100
Profit and loss account 210,483 225,265
Shareholders' funds 210,583 225,365
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.
D Hufton
Director
Approved by the board on 5 April 2024
Sudek Ltd
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 February 2023 30,144
At 31 January 2024 30,144
Amortisation
At 1 February 2023 30,144
At 31 January 2024 30,144
Net book value
At 31 January 2024 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 February 2023 1,751 10,804 12,555
Additions - 1,603 1,603
At 31 January 2024 1,751 12,407 14,158
Depreciation
At 1 February 2023 - 9,026 9,026
Charge for the year - 764 764
At 31 January 2024 - 9,790 9,790
Net book value
At 31 January 2024 1,751 2,617 4,368
At 31 January 2023 1,751 1,778 3,529
5 Debtors 2024 2023
£ £
Trade debtors 880 1,138
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 8,701 8,134
Corporation tax 5,946 11,038
Other taxes and social security costs 10,100 11,909
Other creditors 1,544 1,531
Director's Current Account 1,257 783
27,548 33,395
7 Other information
Sudek Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Rowan House
Moor Lane
Arkendale
Knaresborough
HG5 0TQ
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