Company Registration No. 05608495 (England and Wales)
Sussex Prairies Ltd
Unaudited accounts
for the year ended 30 November 2023
Sussex Prairies Ltd
Unaudited accounts
Contents
Sussex Prairies Ltd
Company Information
for the year ended 30 November 2023
Director
Pauline Elizabeth McBride
Company Number
05608495 (England and Wales)
Registered Office
Morlands Farm
Albourne Road
Henfield
BN5 9AT
Sussex Prairies Ltd
Statement of financial position
as at 30 November 2023
Tangible assets
56,366
41,896
Cash at bank and in hand
95,057
78,661
Creditors: amounts falling due within one year
(117,459)
(64,310)
Net current (liabilities)/assets
(1,214)
35,353
Total assets less current liabilities
55,152
77,249
Creditors: amounts falling due after more than one year
(15,055)
(24,088)
Called up share capital
10
10
Profit and loss account
40,087
53,151
Shareholders' funds
40,097
53,161
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 August 2024 and were signed on its behalf by
Pauline Elizabeth McBride
Director
Company Registration No. 05608495
Sussex Prairies Ltd
Notes to the Accounts
for the year ended 30 November 2023
Sussex Prairies Ltd is a private company, limited by shares, registered in England and Wales, registration number 05608495. The registered office is Morlands Farm, Albourne Road, Henfield, BN5 9AT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% on a reducing balance basis
Plant & machinery
20% on a reducing balance basis
Fixtures & fittings
20% on a reducing balance basis
Computer equipment
33% on a reducing balance basis
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Sussex Prairies Ltd
Notes to the Accounts
for the year ended 30 November 2023
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2022
52,649
18,785
27,550
987
99,971
Additions
23,200
5,403
-
-
28,603
At 30 November 2023
75,849
24,188
27,550
987
128,574
At 1 December 2022
24,071
11,350
21,921
733
58,075
Charge for the year
10,355
2,568
1,126
84
14,133
At 30 November 2023
34,426
13,918
23,047
817
72,208
At 30 November 2023
41,423
10,270
4,503
170
56,366
At 30 November 2022
28,578
7,435
5,629
254
41,896
Amounts falling due within one year
Accrued income and prepayments
1,000
943
Other debtors
12,736
12,681
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
9,033
9,033
Taxes and social security
2,914
260
Loans from directors
85,832
37,329
7
Creditors: amounts falling due after more than one year
2023
2022
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10
10
Sussex Prairies Ltd
Notes to the Accounts
for the year ended 30 November 2023
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).