Registered number
12718584
Sew Sussex
Filleted Accounts
31 July 2023
Sew Sussex
Registered number: 12718584
Statement of Financial Position
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,235 1,648
Current assets
Debtors 4 2,375 3,200
Cash at bank and in hand 1,014 1,380
3,389 4,580
Creditors: amounts falling due within one year 5 (31,014) (20,910)
Net current liabilities (27,625) (16,330)
Net liabilities (26,390) (14,682)
Surplus/(Deficit) (26,390) (14,682)
Reserves C/F (26,390) (14,682)
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 member has 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 statement of financial activities has not been delivered to the Registrar of Companies.
Nicola Miners
Director
Approved by the board on 16 April 2024
Sew Sussex
Notes to the Accounts
for the year ended 31 July 2023
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).
Income
Income is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Income includes unrestricted donations, grants and monies earned from the rendering of services.
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:
Plant and machinery 25% Reducing Balance
Fixtures, fittings, tools and equipment 25% Reducing Balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell.
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2022 2,987
At 31 July 2023 2,987
Depreciation
At 1 August 2022 1,339
Charge for the year 413
At 31 July 2023 1,752
Net book value
At 31 July 2023 1,235
At 31 July 2022 1,648
4 Debtors 2023 2022
£ £
Trade debtors (825) -
Other debtors 3,200 3,200
2,375 3,200
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 2,095 849
Other creditors 28,919 20,061
31,014 20,910
6 Other information
Sew Sussex is a private company limited by guarentees and incorporated in England. Its registered office is:
186 Seaside
Eastbourne
East Sussex
BN22 7QR
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