IRIS Accounts Production v24.3.0.553 03735956 director 1.4.23 31.3.24 31.3.24 false true false false false true false Ordinary 1.00000 'B' non-voting 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh037359562023-03-31037359562024-03-31037359562023-04-012024-03-31037359562022-03-31037359562022-04-012023-03-31037359562023-03-3103735956ns15:EnglandWales2023-04-012024-03-3103735956ns14:PoundSterling2023-04-012024-03-3103735956ns10:Director12023-04-012024-03-3103735956ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3103735956ns10:SmallEntities2023-04-012024-03-3103735956ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3103735956ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103735956ns10:FullAccounts2023-04-012024-03-310373595612023-04-012024-03-3103735956ns10:OrdinaryShareClass12023-04-012024-03-3103735956ns10:OrdinaryShareClass32023-04-012024-03-3103735956ns10:RegisteredOffice2023-04-012024-03-3103735956ns5:CurrentFinancialInstruments2024-03-3103735956ns5:CurrentFinancialInstruments2023-03-3103735956ns5:ShareCapital2024-03-3103735956ns5:ShareCapital2023-03-3103735956ns5:SharePremium2024-03-3103735956ns5:SharePremium2023-03-3103735956ns5:RetainedEarningsAccumulatedLosses2024-03-3103735956ns5:RetainedEarningsAccumulatedLosses2023-03-3103735956ns5:NetGoodwill2023-04-012024-03-3103735956ns5:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3103735956ns5:PlantMachinery2023-04-012024-03-3103735956ns5:FurnitureFittings2023-04-012024-03-3103735956ns5:ComputerEquipment2023-04-012024-03-3103735956ns5:NetGoodwill2023-03-3103735956ns5:NetGoodwill2024-03-3103735956ns5:NetGoodwill2023-03-3103735956ns5:PlantMachinery2023-03-3103735956ns5:FurnitureFittings2023-03-3103735956ns5:ComputerEquipment2023-03-3103735956ns5:PlantMachinery2024-03-3103735956ns5:FurnitureFittings2024-03-3103735956ns5:ComputerEquipment2024-03-3103735956ns5:PlantMachinery2023-03-3103735956ns5:FurnitureFittings2023-03-3103735956ns5:ComputerEquipment2023-03-3103735956ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3103735956ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3103735956ns10:OrdinaryShareClass12024-03-3103735956ns10:OrdinaryShareClass32024-03-31
REGISTERED NUMBER: 03735956 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SOWERBUTTS AND CO LIMITED

SOWERBUTTS AND CO LIMITED (REGISTERED NUMBER: 03735956)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOWERBUTTS AND CO LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: Mrs L G Padbury





REGISTERED OFFICE: Fiscal House
367 London Road
Camberley
Surrey
GU15 3HQ





REGISTERED NUMBER: 03735956 (England and Wales)





ACCOUNTANTS: Sowerbutts and Co Ltd
Fiscal House
367 London Road
Camberley
Surrey
GU15 3HQ

SOWERBUTTS AND CO LIMITED (REGISTERED NUMBER: 03735956)

BALANCE SHEET
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 339,503 339,503
Tangible assets 5 7,786 4,547
347,289 344,050

CURRENT ASSETS
Stocks 6 350 650
Debtors 7 69,705 82,945
Cash at bank 10,091 7,711
80,146 91,306
CREDITORS
Amounts falling due within one year 8 45,570 56,008
NET CURRENT ASSETS 34,576 35,298
TOTAL ASSETS LESS CURRENT
LIABILITIES

381,865

379,348

PROVISIONS FOR LIABILITIES 1,673 828
NET ASSETS 380,192 378,520

CAPITAL AND RESERVES
Called up share capital 9 200 200
Share premium 264,884 264,884
Retained earnings 115,108 113,436
SHAREHOLDERS' FUNDS 380,192 378,520

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 her 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.

SOWERBUTTS AND CO LIMITED (REGISTERED NUMBER: 03735956)

BALANCE SHEET - continued
31 March 2024


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 2 December 2024 and were signed by:





Mrs L G Padbury - Director


SOWERBUTTS AND CO LIMITED (REGISTERED NUMBER: 03735956)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Sowerbutts and Co Limited 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 represents the net invoiced value of services excluding VAT.

Client value
Client value is not depreciated as the directors consider that it can be regarded as having an indefinite life and quantifiable value, therefore, in accordance with the provisions of FRS 10 and 11, an annual impairment review will be carried out and any necessary charge will be made to the profit and loss account.


Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

Stocks
Stock is valued at cost and represents stationery and postage.

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 balance sheet date.


SOWERBUTTS AND CO LIMITED (REGISTERED NUMBER: 03735956)

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 balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 349,589
AMORTISATION
At 1 April 2023
and 31 March 2024 10,086
NET BOOK VALUE
At 31 March 2024 339,503
At 31 March 2023 339,503

SOWERBUTTS AND CO LIMITED (REGISTERED NUMBER: 03735956)

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 20,387 6,383 36,101 62,871
Additions - - 4,613 4,613
At 31 March 2024 20,387 6,383 40,714 67,484
DEPRECIATION
At 1 April 2023 20,387 5,962 31,975 58,324
Charge for year - 63 1,311 1,374
At 31 March 2024 20,387 6,025 33,286 59,698
NET BOOK VALUE
At 31 March 2024 - 358 7,428 7,786
At 31 March 2023 - 421 4,126 4,547

6. STOCKS
31/3/24 31/3/23
£    £   
Stocks 350 650

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 35,588 48,759
Unbilled work 34,117 34,186
69,705 82,945

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 2,558 136
Trade creditors 1,289 689
Taxation and social security 41,519 55,064
Other creditors 204 119
45,570 56,008

SOWERBUTTS AND CO LIMITED (REGISTERED NUMBER: 03735956)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
100 Ordinary £1 100 100
100 'B' non-voting £1 100 100
200 200

10. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by Mrs L Padbury, by virtue of her majority shareholding.