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REGISTERED NUMBER: 10490068 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

SDD (LONDON) LIMITED

SDD (LONDON) LIMITED (REGISTERED NUMBER: 10490068)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

SDD (LONDON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: S E Davies





REGISTERED OFFICE: 20 Havelock Road
Hastings
East Sussex
TN34 1BP





REGISTERED NUMBER: 10490068 (England and Wales)





ACCOUNTANTS: Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP

SDD (LONDON) LIMITED (REGISTERED NUMBER: 10490068)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,203 26,121

CURRENT ASSETS
Debtors 5 158,405 171,571
Cash at bank and in hand 30,558 21,900
188,963 193,471
CREDITORS
Amounts falling due within one year 6 378,629 432,926
NET CURRENT LIABILITIES (189,666 ) (239,455 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(167,463

)

(213,334

)

CREDITORS
Amounts falling due after more than one
year

7

(15,817

)

(21,359

)

PROVISIONS FOR LIABILITIES (4,219 ) (4,976 )
NET LIABILITIES (187,499 ) (239,669 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (187,500 ) (239,670 )
SHAREHOLDERS' FUNDS (187,499 ) (239,669 )

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

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

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 22 August 2024 and were signed by:




S E Davies - Director


SDD (LONDON) LIMITED (REGISTERED NUMBER: 10490068)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

SDD (London) Limited 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
In preparing the financial statements, the director is required to make an assessment of the ability of the company to continue as a going concern. The director has considered all available evidence for the company which covers the 12 month period from the date of signing these financial statements.

On the basis of this consideration, the director is satisfied that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion he considers that no material uncertainty exists. As a result, the director has concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements.

Turnover
Turnover represents the net invoiced sales of services, excluding value added tax.

Revenue is recognised when the service has been performed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Computer equipment - 33% on cost

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

SDD (LONDON) LIMITED (REGISTERED NUMBER: 10490068)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 56,867 1,412 58,279
DEPRECIATION
At 1 December 2022 30,746 1,412 32,158
Charge for year 3,918 - 3,918
At 30 November 2023 34,664 1,412 36,076
NET BOOK VALUE
At 30 November 2023 22,203 - 22,203
At 30 November 2022 26,121 - 26,121

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 8,007 24,285
Amounts recoverable on contract - 51,835
Other debtors 40,989 -
Directors' current accounts 109,409 65,678
Tax - 10,125
Prepayments - 19,648
158,405 171,571

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 11,282 13,633
Hire purchase contracts - 277
Trade creditors 80,738 183,081
Tax 39,444 20,247
Social security and other taxes 17,375 7,809
VAT 227,490 205,717
Accrued expenses 2,300 2,162
378,629 432,926

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans - 1-2 years 10,648 10,193
Bank loans - 2-5 years 5,169 11,166
15,817 21,359

SDD (LONDON) LIMITED (REGISTERED NUMBER: 10490068)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

30.11.23 30.11.22
£    £   
S E Davies
Balance outstanding at start of year 65,677 46,219
Amounts advanced 70,922 72,791
Amounts repaid (27,190 ) (53,333 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 109,409 65,677

The loan is interest free and payable on demand. Amounts have been aggregated where considered and there were no material transactions.

9. RELATED PARTY DISCLOSURES

During the period, the company provided a loan of £4,065 to SDD Joinery Ltd, a company owned and operated by Mr. S. Davies. This loan is interest-free and is repayable as cash flow permits.

At the year end the director owed the company £109,409 (2022: £65,678). The loan is interest free and payable on demand.

10. GOING CONCERN

Although liabilities exceed assets, the accounts have been prepared on a going concern basis as the company continues to have the support of the director.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SDD (LONDON) LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SDD (London) Limited for the year ended 30 November 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of SDD (London) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SDD (London) Limited and state those matters that we have agreed to state to the director of SDD (London) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SDD (London) Limited and its director for our work or for this report.

It is your duty to ensure that SDD (London) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of SDD (London) Limited. You consider that SDD (London) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of SDD (London) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Ashdown Hurrey
Chartered Accountants & Business Advisers
20 Havelock Road
Hastings
East Sussex
TN34 1BP


22 August 2024