Company Registration No. 09750931 (England and Wales)
Sandra Reid Ltd
Unaudited accounts
for the year ended 31 March 2024
Sandra Reid Ltd
Unaudited accounts
Contents
Sandra Reid Ltd
Company Information
for the year ended 31 March 2024
Directors
Sandra Reid
William James Reid
Company Number
09750931 (England and Wales)
Registered Office
120 Brownhill Road
Chandlers Ford
Eastleigh
Hampshire
SO53 2FR
Accountants
For and on Behalf of Tee Accounts Limited
Rosehill House
Polgooth
Polgooth
PL26 7BA
Sandra Reid Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
4,625
3,368
Cash at bank and in hand
41,022
38,118
Creditors: amounts falling due within one year
(44,268)
(36,250)
Net current (liabilities)/assets
(2,433)
4,527
Total assets less current liabilities
2,192
7,895
Creditors: amounts falling due after more than one year
(1,268)
(7,859)
Called up share capital
1
1
Profit and loss account
923
35
Shareholders' funds
924
36
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 7 September 2024 and were signed on its behalf by
Sandra Reid
Director
Company Registration No. 09750931
Sandra Reid Ltd
Notes to the Accounts
for the year ended 31 March 2024
Sandra Reid Ltd is a private company, limited by shares, registered in England and Wales, registration number 09750931. The registered office is 120 Brownhill Road, Chandlers Ford, Eastleigh, Hampshire, SO53 2FR.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Intangible fixed assets are amortised on a straight line basis over their economic life of 5 years.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.3% per annum straight line
4
Intangible fixed assets
Other
Sandra Reid Ltd
Notes to the Accounts
for the year ended 31 March 2024
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2023
5,500
6,234
9,825
21,559
Additions
-
1,720
2,332
4,052
Disposals
-
(200)
(1,692)
(1,892)
At 31 March 2024
5,500
7,754
10,465
23,719
At 1 April 2023
4,736
5,182
8,273
18,191
Charge for the year
764
1,065
966
2,795
On disposals
-
(200)
(1,692)
(1,892)
At 31 March 2024
5,500
6,047
7,547
19,094
At 31 March 2024
-
1,707
2,918
4,625
At 31 March 2023
764
1,052
1,552
3,368
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
4,167
4,167
Trade creditors
3,298
2,988
Taxes and social security
2,966
2,495
Other creditors
17,591
17,896
Loans from directors
6,636
-
8
Creditors: amounts falling due after more than one year
2024
2023
During the year, two directors of the company owed a balance of £0 (2023: £1,404) remaining unpaid to the company at the
year end. The transactions have been conducted under normal market conditions.
10
Average number of employees
During the year the average number of employees was 22 (2023: 22).