Registered number
08806286
S & D Sewage Services Ltd
Filleted Accounts
31 December 2023
S & D Sewage Services Ltd
Registered number: 08806286
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 35,932 44,915
Current assets
Debtors 4 9,110 -
Cash at bank and in hand 4,260 9,412
13,370 9,412
Creditors: amounts falling due within one year 5 (28,714) (16,390)
Net current liabilities (15,344) (6,978)
Net assets 20,588 37,937
Capital and reserves
Called up share capital 105 105
Profit and loss account 20,483 37,832
Shareholders' funds 20,588 37,937
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.
Mrs L Excell
Director
Approved by the board on 29 August 2024
S & D Sewage Services Ltd
Notes to the Accounts
for the year ended 31 December 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).
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.
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 over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 123,914 21,988 145,902
At 31 December 2023 123,914 21,988 145,902
Depreciation
At 1 January 2023 91,155 9,832 100,987
Charge for the year 6,552 2,431 8,983
At 31 December 2023 97,707 12,263 109,970
Net book value
At 31 December 2023 26,207 9,725 35,932
At 31 December 2022 32,759 12,156 44,915
4 Debtors 2023 2022
£ £
Trade debtors 9,110 -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 9,543 348
Taxation and social security costs (7,136) (4,638)
Other creditors 26,307 20,680
28,714 16,390
6 Other information
S & D Sewage Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
25 Captains Close
Sutton Valence
Maidstone
Kent
ME17 3BA
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