W E SUTTON LIMITED

Company Registration Number:
04964564 (England and Wales)

Unaudited abridged accounts for the year ended 31 January 2024

Period of accounts

Start date: 01 February 2023

End date: 31 January 2024

W E SUTTON LIMITED

Contents of the Financial Statements

for the Period Ended 31 January 2024

Balance sheet
Notes

W E SUTTON LIMITED

Balance sheet

As at 31 January 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 608,682 607,741
Total fixed assets: 608,682 607,741
Current assets
Stocks: 19,194 41,570
Debtors:   227,482 228,510
Cash at bank and in hand: 100,579 130,925
Total current assets: 347,255 401,005
Creditors: amounts falling due within one year:   (215,000) (201,432)
Net current assets (liabilities): 132,255 199,573
Total assets less current liabilities: 740,937 807,314
Creditors: amounts falling due after more than one year:   (142,322) (184,455)
Provision for liabilities: (49,726) (29,428)
Total net assets (liabilities): 548,889 593,431
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 548,789 593,331
Shareholders funds: 548,889 593,431

The notes form part of these financial statements

W E SUTTON LIMITED

Balance sheet statements

For the year ending 31 January 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 October 2024
and signed on behalf of the board by:

Name: D W SUTTON
Status: Director

The notes form part of these financial statements

W E SUTTON LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at fair value of the consideration received or receivable,and stated net of value added tax.Revenue from the sale of goods and services supplied is recognised when goods are delivered and legal title passed.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost less depreciation.Depreciation is provided at rates calculated to write off the cost of fixed assets,less their fair estimated residual value,over their expected useful lives on the following basis:Land and Buildings 0%,Plant and Machinery 20% reducing balance,Motor Vehicles 20%reducing balance and Ofice Equipment and Fixtures 20% reducing balance.

Valuation and information policy

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete stocks.Costs include all direct costs and an appropriate proportion of fixed and variable overheads

Other accounting policies

Leasing and Hire Purchase-Assets obtained under hire purchase and finance leases are capitalised as tangible fixed assets.Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the Company.Obligations under such agreements are included in creditors net of finance charges allocated to future years.The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net outstanding obligations each year. Deferred Taxation - The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain assets for taxation and accounting purposes.Pensions-The Company operates a defined contribution scheme and the pension charge represents the amount payable by the Company to fund the respective year.

W E SUTTON LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

2. Employees

2024 2023
Average number of employees during the period 14 15

W E SUTTON LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

3. Tangible Assets

Total
Cost £
At 01 February 2023 1,229,621
Additions 155,313
Disposals (32,292)
At 31 January 2024 1,352,642
Depreciation
At 01 February 2023 621,880
Charge for year 146,713
On disposals (24,633)
At 31 January 2024 743,960
Net book value
At 31 January 2024 608,682
At 31 January 2023 607,741

W E SUTTON LIMITED

Notes to the Financial Statements

for the Period Ended 31 January 2024

4. Related party transactions

Name of the related party: D W Sutton
Relationship:
Director and Shareholder
Description of the Transaction: Mr D W Sutton rented a yard to the Company during the year.The rent of £6000 is shown in the Profit and Loss Account.
£
Balance at 01 February 2023 0
Balance at 31 January 2024 0
Name of the related party: D W Sutton
Relationship:
Director and Shareholder
Description of the Transaction: Mr D W Sutton rented a yard to the Company during this year.The rent paid of £6000 is shown in the profit and loss account.
£
Balance at 01 February 2023 0
Balance at 31 January 2024 0