Company Registration No. 04745849 (England and Wales)
Sandisonpay Ltd
Unaudited accounts
for the year ended 30 April 2024
Sandisonpay Ltd
Unaudited accounts
Contents
Sandisonpay Ltd
Company Information
for the year ended 30 April 2024
Director
Claire Madeline Pay
Company Number
04745849 (England and Wales)
Registered Office
71-75 Shelton Street
London
WC2H 9JQ
England
Sandisonpay Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
26,162
23,235
Cash at bank and in hand
25,381
18,934
Creditors: amounts falling due within one year
(35,244)
(53,752)
Net current assets
37,767
30,630
Total assets less current liabilities
64,069
54,012
Creditors: amounts falling due after more than one year
(30,246)
(35,345)
Provisions for liabilities
Deferred tax
(5,031)
(4,447)
Called up share capital
100
100
Profit and loss account
28,692
14,120
Shareholders' funds
28,792
14,220
For the year ending 30 April 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 director acknowledges her 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 and authorised for issue on 18 November 2024 and were signed on its behalf by
Claire Madeline Pay
Director
Company Registration No. 04745849
Sandisonpay Ltd
Notes to the Accounts
for the year ended 30 April 2024
Sandisonpay Ltd is a private company, limited by shares, registered in England and Wales, registration number 04745849. The registered office is 71-75 Shelton Street, London, WC2H 9JQ, England.
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.
The accounts are presented in £ sterling.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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:
Plant & machinery
25% on reducing balance
Fixtures & fittings
25% on reducing balance
Computer equipment
25% on reducing balance
Trademarks, licences (including software) and customer-related intangible assets acquired in a business combination are recognised at fair value at the acquisition date.
Trademarks, licences and customer-related intangible assets have a finite useful life and are carried at cost less accumulated amortisation and any accumulated impairment losses.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Patents and licences - 5% on reducing balance
Sandisonpay Ltd
Notes to the Accounts
for the year ended 30 April 2024
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
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 company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Intangible fixed assets
Other
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
-
14,431
59,657
74,088
Additions
510
7,793
4,502
12,805
Disposals
-
-
(3,775)
(3,775)
At 30 April 2024
510
22,224
60,384
83,118
At 1 May 2023
-
10,711
40,142
50,853
Charge for the year
21
2,174
3,908
6,103
At 30 April 2024
21
12,885
44,050
56,956
At 30 April 2024
489
9,339
16,334
26,162
At 30 April 2023
-
3,720
19,515
23,235
Sandisonpay Ltd
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
Trade debtors
47,366
59,245
Accrued income and prepayments
264
173
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
6,200
Trade creditors
5,316
12,236
Taxes and social security
23,892
24,838
Loans from directors
495
-
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).