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Company Registration No. 10119464 (England and Wales)
Sydney Management Limited Unaudited accounts for the year ended 30 April 2024
Sydney Management Limited Unaudited accounts Contents
Page
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Sydney Management Limited Company Information for the year ended 30 April 2024
Director
Mrs A G Lee
Company Number
10119464 (England and Wales)
Registered Office
2 Exeter Street Cottingham HU16 4LU United Kingdom
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
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Sydney Management Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
11 
Current assets
Inventories
1,587 
1,587 
Debtors
579 
465 
Cash at bank and in hand
3,462 
3,620 
5,628 
5,672 
Creditors: amounts falling due within one year
(5,204)
(4,905)
Net current assets
424 
767 
Total assets less current liabilities
424 
778 
Provisions for liabilities
Deferred tax
- 
(2)
Net assets
424 
776 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
324 
676 
Shareholders' funds
424 
776 
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 21 October 2024 and were signed on its behalf by
Mrs A G Lee Director Company Registration No. 10119464
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Sydney Management Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Sydney Management Limited is a private company, limited by shares, registered in England and Wales, registration number 10119464. The registered office is 2 Exeter Street, Cottingham, HU16 4LU, United Kingdom.
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:
Fixtures & fittings
25% cost
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Sydney Management Limited Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 May 2023
295 
At 30 April 2024
295 
Depreciation
At 1 May 2023
284 
Charge for the year
11 
At 30 April 2024
295 
Net book value
At 30 April 2024
- 
At 30 April 2023
11 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
465 
465 
Accrued income and prepayments
114 
- 
579 
465 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
300 
300 
Taxes and social security
- 
140 
Other creditors
3,200 
3,200 
Loans from directors
1,464 
1,025 
Accruals
240 
240 
5,204 
4,905 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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