Company Registration No. 13772021 (England and Wales)
Servicing Sussex Limited
Unaudited accounts
for the year ended 31 January 2024
Servicing Sussex Limited
Unaudited accounts
Contents
Servicing Sussex Limited
Company Information
for the year ended 31 January 2024
Company Number
13772021 (England and Wales)
Registered Office
Unit 8, Golden Barn Estate Henfield Road
Small Dole
Henfield
BN5 9XH
England
Accountants
Afresh Accountants Ltd
3 Wilbury Villas
Hove
East Sussex
BN3 6GB
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Servicing Sussex Limited for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Servicing Sussex Limited for the year ended
31 January 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
Afresh Accountants Ltd
Chartered Accountants
3 Wilbury Villas
Hove
East Sussex
BN3 6GB
8 October 2024
Servicing Sussex Limited
Statement of financial position
as at 31 January 2024
Tangible assets
68,615
53,992
Cash at bank and in hand
113,803
75,902
Creditors: amounts falling due within one year
(47,597)
(31,813)
Net current assets
75,368
50,605
Total assets less current liabilities
143,983
104,597
Creditors: amounts falling due after more than one year
(45,706)
(39,369)
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
81,914
65,227
Shareholders' funds
81,915
65,228
For the year ending 31 January 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 director acknowledges his 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 and authorised for issue on 8 October 2024 and were signed on its behalf by
Chris Pettitt
Director
Company Registration No. 13772021
Servicing Sussex Limited
Notes to the Accounts
for the year ended 31 January 2024
Servicing Sussex Limited is a private company, limited by shares, registered in England and Wales, registration number 13772021. The registered office is Unit 8, Golden Barn Estate Henfield Road, Small Dole, Henfield, BN5 9XH, England.
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.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% straight line
Motor vehicles
20% straight line
Fixtures & fittings
20% straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
62,408
4,000
1,083
67,491
Additions
32,158
2,200
795
35,153
At 31 January 2024
94,566
6,200
1,878
102,644
At 1 February 2023
12,482
800
217
13,499
Charge for the year
18,914
1,240
376
20,530
At 31 January 2024
31,396
2,040
593
34,029
At 31 January 2024
63,170
4,160
1,285
68,615
At 31 January 2023
49,926
3,200
866
53,992
Servicing Sussex Limited
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Accrued income and prepayments
1,600
-
6
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
12,364
6,842
Trade creditors
14,813
8,717
Taxes and social security
4,397
1,091
Loans from directors
10,245
13,323
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
45,706
39,369
8
Average number of employees
During the year the average number of employees was 5 (2023: 4).