Registered number
02672095
Sandersons Removals Limited
Filleted Accounts
31 March 2024
Sandersons Removals Limited
Registered number: 02672095
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 155,238 166,513
Current assets
Stocks 2,096 1,871
Debtors 4 34,894 41,816
Cash at bank and in hand 8,019 4,422
45,009 48,109
Creditors: amounts falling due within one year 5 (37,954) (21,659)
Net current assets 7,055 26,450
Total assets less current liabilities 162,293 192,963
Creditors: amounts falling due after more than one year 6 (27,816) (38,464)
Net assets 134,477 154,499
Capital and reserves
Called up share capital 2 2
Profit and loss account 134,475 154,497
Shareholders' funds 134,477 154,499
The director is 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 director acknowledges his 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.
J W Sanderson
Director
Approved by the board on 16 October 2024
Sandersons Removals Limited
Notes to the Accounts
for the year ended 31 March 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).
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 sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against future taxable profits. Current and deferred tax liabilities are not discounted.
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 8 8
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 110,135 85,691 100,893 296,719
At 31 March 2024 110,135 85,691 100,893 296,719
Depreciation
At 1 April 2023 - 61,432 68,774 130,206
Charge for the year - 4,852 6,423 11,275
At 31 March 2024 - 66,284 75,197 141,481
Net book value
At 31 March 2024 110,135 19,407 25,696 155,238
At 31 March 2023 110,135 24,259 32,119 166,513
4 Debtors 2024 2023
£ £
Trade debtors 19,731 21,664
Other debtors 15,163 20,152
34,894 41,816
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 8,688 9,492
Taxation and social security costs 7,102 12,167
Other creditors 22,164 -
37,954 21,659
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 27,816 38,464
7 Other information
Sandersons Removals Limited is a private company limited by shares and incorporated in England. Its registered office is:
Andrew Street
Hartlepool
TS24 7LB
Sandersons Removals Limited 02672095 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts July 2024 J W Sanderson No description of principal activity 02672095 2022-04-01 2023-03-31 02672095 core:WithinOneYear 2023-03-31 02672095 core:AfterOneYear 2023-03-31 02672095 core:ShareCapital 2023-03-31 02672095 core:RetainedEarningsAccumulatedLosses 2023-03-31 02672095 2023-04-01 2024-03-31 02672095 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 02672095 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 02672095 bus:Director40 2023-04-01 2024-03-31 02672095 1 2023-04-01 2024-03-31 02672095 2 2023-04-01 2024-03-31 02672095 core:LandBuildings 2023-04-01 2024-03-31 02672095 core:PlantMachinery 2023-04-01 2024-03-31 02672095 core:Vehicles 2023-04-01 2024-03-31 02672095 countries:England 2023-04-01 2024-03-31 02672095 bus:FRS102 2023-04-01 2024-03-31 02672095 bus:FilletedAccounts 2023-04-01 2024-03-31 02672095 2024-03-31 02672095 core:WithinOneYear 2024-03-31 02672095 core:AfterOneYear 2024-03-31 02672095 core:ShareCapital 2024-03-31 02672095 core:RetainedEarningsAccumulatedLosses 2024-03-31 02672095 core:LandBuildings 2024-03-31 02672095 core:PlantMachinery 2024-03-31 02672095 core:Vehicles 2024-03-31 02672095 2023-03-31 02672095 core:LandBuildings 2023-03-31 02672095 core:PlantMachinery 2023-03-31 02672095 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure