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REGISTERED NUMBER: 10703154 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 August 2023

for

Sandhaven Business Ltd

Sandhaven Business Ltd (Registered number: 10703154)






Contents of the Financial Statements
for the Year Ended 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sandhaven Business Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTOR: M P Bennett





REGISTERED OFFICE: Unit 9
Shotton Colliery Industrial Estate
Shotton Colliery
County Durham
DH6 2ND





REGISTERED NUMBER: 10703154 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

Sandhaven Business Ltd (Registered number: 10703154)

Balance Sheet
31 August 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,662 7,446

CURRENT ASSETS
Stocks 5 460,092 306,799
Debtors 6 9,000 15,987
Cash at bank and in hand 5,038 9,827
474,130 332,613
CREDITORS
Amounts falling due within one year 7 418,699 272,928
NET CURRENT ASSETS 55,431 59,685
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,093

67,131

CREDITORS
Amounts falling due after more than one
year

8

(17,498

)

(27,499

)

PROVISIONS FOR LIABILITIES 10 (1,334 ) (1,810 )
NET ASSETS 42,261 37,822

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 42,260 37,821
SHAREHOLDERS' FUNDS 42,261 37,822

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Sandhaven Business Ltd (Registered number: 10703154)

Balance Sheet - continued
31 August 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 28 August 2024 and were signed by:





M P Bennett - Director


Sandhaven Business Ltd (Registered number: 10703154)

Notes to the Financial Statements
for the Year Ended 31 August 2023

1. STATUTORY INFORMATION

Sandhaven Business 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.

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 consistently applied within the same accounts.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income recognition
Income is recognised when goods are made available to the customer.

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 cost
Fixtures and fittings - 15% on cost

Tangible fixed assets are held at cost less accumulated depreciation and impairments.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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.

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 6 (2022 - 6 ) .

Sandhaven Business Ltd (Registered number: 10703154)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 September 2022
and 31 August 2023 8,963 2,700 11,663
DEPRECIATION
At 1 September 2022 2,715 1,502 4,217
Charge for year 1,379 405 1,784
At 31 August 2023 4,094 1,907 6,001
NET BOOK VALUE
At 31 August 2023 4,869 793 5,662
At 31 August 2022 6,248 1,198 7,446

5. STOCKS
2023 2022
£    £   
Stocks 460,092 306,799

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 9,000 15,987

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 12,409 10,000
Taxation and social security 28,557 40,920
Other creditors 303,733 125,953
Directors' current accounts 50,000 28,255
Accruals and deferred income 24,000 67,800
418,699 272,928

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 7,498 17,499
17,498 27,499

Sandhaven Business Ltd (Registered number: 10703154)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Stocking loan 221,700 125,467

Fixed charges are held over the stock items in which they relate to.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,334 1,810

Deferred
tax
£   
Balance at 1 September 2022 1,810
Accelerated capital allowances (476 )
Balance at 31 August 2023 1,334

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £0.01 1 1
6 Ordinary A £0.01 - -
1 1