Company Registration No. 11941889 (England and Wales)
Sutton FM Ltd
Unaudited accounts
for the year ended 31 March 2024
Sutton FM Ltd
Unaudited accounts
Contents
Sutton FM Ltd
Company Information
for the year ended 31 March 2024
Directors
A P Williams
T S Watts
D J May
Company Number
11941889 (England and Wales)
Registered Office
Unit 2a Pearsall Drive
Oldbury
West Midlands
B69 2RA
Accountants
R M Accountancy Services Ltd
The Old Post Office
137-139 Long Street
Dordon
Staffordshire
B78 1SH
Sutton FM Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
169,806
103,633
Cash at bank and in hand
68,901
128,603
Creditors: amounts falling due within one year
(86,110)
(229,697)
Net current assets
142,923
313,054
Total assets less current liabilities
312,729
416,687
Creditors: amounts falling due after more than one year
(127,427)
(89,262)
Net assets
185,302
327,425
Called up share capital
2
2
Profit and loss account
185,300
327,423
Shareholders' funds
185,302
327,425
For the year ending 31 March 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2024 and were signed on its behalf by
A P Williams
Director
Company Registration No. 11941889
Sutton FM Ltd
Notes to the Accounts
for the year ended 31 March 2024
Sutton FM Ltd is a private company, limited by shares, registered in England and Wales, registration number 11941889. The registered office is Unit 2a Pearsall Drive, Oldbury, West Midlands, B69 2RA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Reducing Balance
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The accounts are presented in £ sterling.
Sutton FM Ltd
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Motor vehicles
Charge for the year
41,892
Amounts falling due within one year
Trade debtors
126,230
395,801
Other debtors
15,018
18,347
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,500
8,637
Obligations under finance leases and hire purchase contracts
45,936
29,324
Taxes and social security
15,396
91,967
Loans from directors
(31,887)
40,096
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
123,260
82,595
Sutton FM Ltd
Notes to the Accounts
for the year ended 31 March 2024
8
Average number of employees
During the year the average number of employees was 11 (2023: 11).