Registered number
13488088
Sweet Structures Ltd
Unaudited Filleted Accounts
31 July 2024
Sweet Structures Ltd
Registered number: 13488088
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,326 4,413
Current assets
Debtors 4 32,995 22,810
Cash at bank and in hand 42,085 44,013
75,080 66,823
Creditors: amounts falling due within one year 5 (43,352) (41,793)
Net current assets 31,728 25,030
Total assets less current liabilities 35,054 29,443
Provisions for liabilities (660) (838)
Net assets 34,394 28,605
Capital and reserves
Called up share capital 2 2
Profit and loss account 34,392 28,603
Shareholders' funds 34,394 28,605
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Adam Sweet
Director
Approved by the board on 16 October 2024
Sweet Structures Ltd
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 August 2023 6,254
Additions 635
At 31 July 2024 6,889
Depreciation
At 1 August 2023 1,841
Charge for the year 1,722
At 31 July 2024 3,563
Net book value
At 31 July 2024 3,326
At 31 July 2023 4,413
4 Debtors 2024 2023
£ £
Trade debtors 24,120 13,800
Other debtors 8,875 9,010
32,995 22,810
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 10,146 7,645
Taxation and social security costs 23,103 15,456
Other creditors 10,103 18,692
43,352 41,793
6 Other information
Sweet Structures Ltd is a private company limited by shares and incorporated in England. Its registered office is:
6 Knowle Mews
Dalditch Lane
Budleigh Salterton
Devon
EX9 7AH
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