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Company Registration No. 04745849 (England and Wales)
Sandisonpay Ltd Unaudited accounts for the year ended 30 April 2024
Sandisonpay Ltd Unaudited accounts Contents
Page
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Sandisonpay Ltd Company Information for the year ended 30 April 2024
Director
Claire Madeline Pay
Secretary
Andrew John Pay
Company Number
04745849 (England and Wales)
Registered Office
71-75 Shelton Street London WC2H 9JQ England
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Sandisonpay Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
140 
147 
Tangible assets
26,162 
23,235 
26,302 
23,382 
Current assets
Debtors
47,630 
65,448 
Cash at bank and in hand
25,381 
18,934 
73,011 
84,382 
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)
Net assets
28,792 
14,220 
Capital and reserves
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
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Sandisonpay Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
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.
Presentation currency
The accounts are presented in £ sterling.
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 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
Intangible assets
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
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Sandisonpay Ltd Notes to the Accounts for the year ended 30 April 2024
Leased assets
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.
Pension costs
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
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 
£ 
Cost
At 1 May 2023
350 
At 30 April 2024
350 
Amortisation
At 1 May 2023
203 
Charge for the year
7 
At 30 April 2024
210 
Net book value
At 30 April 2024
140 
At 30 April 2023
147 
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 
Depreciation
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 
Net book value
At 30 April 2024
489 
9,339 
16,334 
26,162 
At 30 April 2023
- 
3,720 
19,515 
23,235 
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Sandisonpay Ltd Notes to the Accounts for the year ended 30 April 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
47,366 
59,245 
Accrued income and prepayments
264 
173 
Other debtors
- 
6,030 
47,630 
65,448 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
6,200 
VAT
5,541 
10,351 
Trade creditors
5,316 
12,236 
Taxes and social security
23,892 
24,838 
Other creditors
- 
127 
Loans from directors
495 
- 
35,244 
53,752 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
30,246 
35,345 
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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