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REGISTERED NUMBER: 06508602 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Ansells of Sussex Ltd

Ansells of Sussex Ltd (Registered number: 06508602)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Ansells of Sussex Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: R A Ansell





SECRETARY: Mrs D L Ansell





REGISTERED OFFICE: The Bothy, Oaklands Park Farm
High Hatch Lane
Hurstpierpoint
Hassocks
West Sussex
BN6 9LH





REGISTERED NUMBER: 06508602 (England and Wales)





ACCOUNTANTS: Sigma Partners
Delmon House
36-38 Church Road
Burgess Hill
West Sussex
RH15 9AE

Ansells of Sussex Ltd (Registered number: 06508602)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 36,564 44,627
36,564 44,627

CURRENT ASSETS
Stocks 40,000 154,500
Debtors 6 18,966 -
Cash at bank 226,463 103,332
285,429 257,832
CREDITORS
Amounts falling due within one year 7 216,342 274,605
NET CURRENT ASSETS/(LIABILITIES) 69,087 (16,773 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

105,651

27,854

CREDITORS
Amounts falling due after more than one
year

8

(13,928

)

(24,516

)

PROVISIONS FOR LIABILITIES (9,141 ) (2,493 )
NET ASSETS 82,582 845

Ansells of Sussex Ltd (Registered number: 06508602)

Statement of Financial Position - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 82,482 745
SHAREHOLDERS' FUNDS 82,582 845

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 director acknowledges his 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.

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 director and authorised for issue on 26 November 2024 and were signed by:





R A Ansell - Director


Ansells of Sussex Ltd (Registered number: 06508602)

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

1. STATUTORY INFORMATION

Ansells of Sussex Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.


Ansells of Sussex Ltd (Registered number: 06508602)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 1,500
AMORTISATION
At 1 April 2023
and 31 March 2024 1,500
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Ansells of Sussex Ltd (Registered number: 06508602)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 111,537 129 1,342 113,008
Additions 995 - 188 1,183
At 31 March 2024 112,532 129 1,530 114,191
DEPRECIATION
At 1 April 2023 67,966 78 337 68,381
Charge for year 8,915 26 305 9,246
At 31 March 2024 76,881 104 642 77,627
NET BOOK VALUE
At 31 March 2024 35,651 25 888 36,564
At 31 March 2023 43,571 51 1,005 44,627

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 18,966 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,162 9,911
Hire purchase contracts 810 6,040
Trade creditors 60,826 135,530
Taxation and social security 65,356 35,568
Other creditors 79,188 87,556
216,342 274,605

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 13,928 24,111
Hire purchase contracts - 405
13,928 24,516

Ansells of Sussex Ltd (Registered number: 06508602)

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

9. ULTIMATE CONTROLLING PARTY

The controlling party is R A Ansell.