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Sutton Creative Ltd
Registered Number:12500814
For the year ended 31 March 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2024
Sutton Creative Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
12500814
As at 31 March 2024
Sutton Creative Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
145,105
176,077
2
145,105
176,077
Current assets
Inventories
161,333
238,897
3
Trade and other receivables
316,570
341,056
4
44,096
Cash and cash equivalents
10,739
590,692
521,999
Trade and other payables: amounts falling due within one
year
(647,163)
(732,340)
5
(125,164)
(141,648)
Net current liabilities
Total assets less current liabilities
3,457
50,913
(1,338)
(1,434)
Provisions for liabilities
2,119
Net assets
49,479
Capital and reserves
Called up share capital
2
2
Retained earnings
2,117
49,477
2,119
49,479
Shareholders' funds
For the year ended 31 March 2024 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Andrew Sutton Director
Mrs Deborah Sutton Director
These financial statements were approved and authorised for issue by the Board on 30 July 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2024
Sutton Creative Ltd
Notes to the Financial Statements
Statutory Information
Sutton Creative Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 12500814.
Principal place of business:
Unit 16, Dunscar Business Park
Blackburn Road
Bolton
Lancs
BL7 9PQ
Registered address:
Unit 16, Dunscar Business Park
Blackburn Road
Bolton
Lancs
BL7 9PQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
15% Reducing balance
15% Reducing balance
Computer Equipment
25% Reducing balance
Motor Vehicles
15% Reducing balance
Furniture and Fittings
2 of 4
5
For the year ended 31 March 2024
Sutton Creative Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Furniture and
Fittings
Motor Vehicles
Plant and
Machinery
£
£
£
£
Cost or
valuation
At 01 April 2023
275,695
18,044
78,427
179,224
At 31 March 2024
179,224
78,427
18,044
275,695
Provision for depreciation and impairment
At 01 April 2023
99,618
6,839
32,812
59,967
Charge for year
30,972
1,680
11,404
17,888
At 31 March 2024
130,590
8,519
44,216
77,855
At 31 March 2024
Net book value
101,369
34,211
9,525
145,105
At 31 March 2023
119,257
45,615
11,205
176,077
3. Inventories
2023
2024
£
£
Stocks
238,897
161,333
4. Trade and other receivables
2023
2024
£
£
Trade debtors
319,966
291,926
Other debtors
21,090
24,644
316,570
341,056
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft (secured)
390,460
319,850
Trade creditors
176,296
172,183
Taxation and social security
123,358
74,307
Other creditors
42,226
80,823
732,340
647,163
3 of 4
6
For the year ended 31 March 2024
Sutton Creative Ltd
Notes to the Financial Statements Continued
6. Average number of persons employed
During the year the average number of employees was 0 (2023 : 15)
4 of 4