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REGISTERED NUMBER: 06340255 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SD WORKS LIMITED

SD WORKS LIMITED (REGISTERED NUMBER: 06340255)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SD WORKS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: SJ Davis





SECRETARY: SJ Davis





REGISTERED OFFICE: 8a Lower Grosvenor Place
LONDON
SW1W 0EN





REGISTERED NUMBER: 06340255 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
4th Floor
St James House
St James Square
Cheltenham
Gloucestershire
GL50 3PR

SD WORKS LIMITED (REGISTERED NUMBER: 06340255)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £ £
FIXED ASSETS
Tangible assets 4 1,882 3,219

CURRENT ASSETS
Debtors 5 597,165 650,089
Cash at bank 249,705 17,721
846,870 667,810
CREDITORS
Amounts falling due within one year 6 (233,146 ) (214,808 )
NET CURRENT ASSETS 613,724 453,002
TOTAL ASSETS LESS CURRENT
LIABILITIES

615,606

456,221

CREDITORS
Amounts falling due after more than one
year

7

(22,319

)

(24,167

)
NET ASSETS 593,287 432,054

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 593,187 431,954
SHAREHOLDERS' FUNDS 593,287 432,054

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 September 2024 and were signed by:





SJ Davis - Director


SD WORKS LIMITED (REGISTERED NUMBER: 06340255)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

SD Works 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
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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Office equipment - 20% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 1 (2022 - 1 ) .

SD WORKS LIMITED (REGISTERED NUMBER: 06340255)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£ £ £
COST
At 1 January 2023 18,802 13,060 31,862
Disposals (14,457 ) (11,561 ) (26,018 )
At 31 December 2023 4,345 1,499 5,844
DEPRECIATION
At 1 January 2023 16,082 12,561 28,643
Charge for year 627 499 1,126
Eliminated on disposal (14,246 ) (11,561 ) (25,807 )
At 31 December 2023 2,463 1,499 3,962
NET BOOK VALUE
At 31 December 2023 1,882 - 1,882
At 31 December 2022 2,720 499 3,219

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other debtors 597,165 650,089

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 3,478 10,000
Taxation and social security 200,862 176,002
Other creditors 28,806 28,806
233,146 214,808

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans 22,319 24,167

8. RELATED PARTY DISCLOSURES

Included within other debtors: amounts falling due within one year, is a director's loan account in the sum of £530,791 (2022: £531,497) which has been provided to SJ Davis. The account is unsecured, accrues interest at HM Revenue & Customs ("HMRC") official rate and has no fixed date of repayment.

Included within other creditors: amounts falling due within one year is a loan from Rosebery Brand Limited, a company in which the director has an interest, in the sum of £20,000 (2022: £20,000). The loan is unsecured, interest free and carries no fixed date of repayment.

Included within other creditors: amounts falling due within one year is a loan from London Restaurant Festival Management Limited, a company in which the director has an interest, in the sum of £8,806 (2022: £8,806). The loan is unsecured, interest free and carries no fixed date of repayment.