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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
Page
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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
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Sutton FM Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
169,806 
103,633 
Current assets
Debtors
160,132 
414,148 
Cash at bank and in hand
68,901 
128,603 
229,033 
542,751 
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 
Capital and reserves
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
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Sutton FM Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
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
Leased assets
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.
Presentation currency
The accounts are presented in £ sterling.
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Sutton FM Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 April 2023
153,477 
Additions
120,854 
Disposals
(19,982)
At 31 March 2024
254,349 
Depreciation
At 1 April 2023
49,844 
Charge for the year
41,892 
On disposals
(7,193)
At 31 March 2024
84,543 
Net book value
At 31 March 2024
169,806 
At 31 March 2023
103,633 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
18,884 
- 
Trade debtors
126,230 
395,801 
Other debtors
15,018 
18,347 
160,132 
414,148 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,500 
8,637 
VAT
- 
38,899 
Obligations under finance leases and hire purchase contracts
45,936 
29,324 
Trade creditors
52,279 
- 
Taxes and social security
15,396 
91,967 
Other creditors
386 
476 
Loans from directors
(31,887)
40,096 
Accruals
1,500 
20,298 
86,110 
229,697 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
4,167 
6,667 
Obligations under finance leases and hire purchase contracts
123,260 
82,595 
127,427 
89,262 
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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).
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