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REGISTERED NUMBER: 07160201 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Sutherland Reay & Co Limited

Sutherland Reay & Co Limited (Registered number: 07160201)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sutherland Reay & Co Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P Sutherland Reay
M Lindholt





REGISTERED OFFICE: 64 Market Street
New Mills
High Peak
Derbyshire
SK22 4AA





REGISTERED NUMBER: 07160201 (England and Wales)





ACCOUNTANTS: Clayton and Clayton Accountants LLP
Chartered Certified Accountants
64 Market Street
New Mills
HIGH PEAK
SK22 4AA

Sutherland Reay & Co Limited (Registered number: 07160201)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,752 20,076
Investments 5 - 15,938
12,752 36,014

CURRENT ASSETS
Debtors 6 57,152 55,392
Cash at bank 10,066 315
67,218 55,707
CREDITORS
Amounts falling due within one year 7 137,544 54,158
NET CURRENT (LIABILITIES)/ASSETS (70,326 ) 1,549
TOTAL ASSETS LESS CURRENT
LIABILITIES

(57,574

)

37,563

CREDITORS
Amounts falling due after more than
one year

8

(12,773

)

(33,345

)

PROVISIONS FOR LIABILITIES (2,423 ) (3,814 )
NET (LIABILITIES)/ASSETS (72,770 ) 404

CAPITAL AND RESERVES
Called up share capital 80 80
Retained earnings (72,850 ) 324
(72,770 ) 404

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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 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.

Sutherland Reay & Co Limited (Registered number: 07160201)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by:





M Lindholt - Director


Sutherland Reay & Co Limited (Registered number: 07160201)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Sutherland Reay & Co 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Sutherland Reay & Co Limited (Registered number: 07160201)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 75,637
Disposals (5,000 )
At 31 March 2024 70,637
DEPRECIATION
At 1 April 2023 55,561
Charge for year 2,324
At 31 March 2024 57,885
NET BOOK VALUE
At 31 March 2024 12,752
At 31 March 2023 20,076

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023 15,938
Disposals (15,938 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 15,938

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 20,836 23,437
Other debtors 36,316 31,955
57,152 55,392

Sutherland Reay & Co Limited (Registered number: 07160201)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 39,442 9,447
Trade creditors 14,005 5,928
Taxation and social security 61,270 29,079
Other creditors 22,827 9,704
137,544 54,158

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 12,773 33,345

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
P Sutherland Reay
Balance outstanding at start of year 31,955 30,413
Amounts advanced 3,202 1,542
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 35,157 31,955

Mr P Sutherland-Reay has an outstanding loan with the company of £35,157 (£31,955- 2023). This was fully repaid on 1 May 2024 when he sold his interest in the business to M Lindholt.

10. RELATED PARTY DISCLOSURES

The controlling party is M Lindholt.