IRIS Accounts Production v24.3.2.46 07546802 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh075468022022-12-31075468022023-12-31075468022023-01-012023-12-31075468022021-12-31075468022022-01-012022-12-31075468022022-12-3107546802ns15:EnglandWales2023-01-012023-12-3107546802ns14:PoundSterling2023-01-012023-12-3107546802ns10:Director12023-01-012023-12-3107546802ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3107546802ns10:SmallEntities2023-01-012023-12-3107546802ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3107546802ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3107546802ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3107546802ns10:FullAccounts2023-01-012023-12-3107546802ns10:Director22023-01-012023-12-3107546802ns10:CompanySecretary12023-01-012023-12-3107546802ns10:RegisteredOffice2023-01-012023-12-3107546802ns5:CurrentFinancialInstruments2023-12-3107546802ns5:CurrentFinancialInstruments2022-12-3107546802ns5:Non-currentFinancialInstruments2023-12-3107546802ns5:Non-currentFinancialInstruments2022-12-3107546802ns5:ShareCapital2023-12-3107546802ns5:ShareCapital2022-12-3107546802ns5:RetainedEarningsAccumulatedLosses2023-12-3107546802ns5:RetainedEarningsAccumulatedLosses2022-12-3107546802ns5:PlantMachinery2023-01-012023-12-3107546802ns5:FurnitureFittings2023-01-012023-12-3107546802ns5:ComputerEquipment2023-01-012023-12-3107546802ns5:LandBuildings2022-12-3107546802ns5:PlantMachinery2022-12-3107546802ns5:FurnitureFittings2022-12-3107546802ns5:ComputerEquipment2022-12-3107546802ns5:LandBuildings2023-01-012023-12-3107546802ns5:LandBuildings2023-12-3107546802ns5:PlantMachinery2023-12-3107546802ns5:FurnitureFittings2023-12-3107546802ns5:ComputerEquipment2023-12-3107546802ns5:LandBuildings2022-12-3107546802ns5:PlantMachinery2022-12-3107546802ns5:FurnitureFittings2022-12-3107546802ns5:ComputerEquipment2022-12-3107546802ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3107546802ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-3107546802ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2023-12-3107546802ns5:BetweenOneTwoYearsns5:Non-currentFinancialInstruments2022-12-3107546802ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3107546802ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-12-3107546802ns5:OtherProvisionsContingentLiabilities2023-12-31
REGISTERED NUMBER: 07546802 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

W & S Sandbach Limited

W & S Sandbach Limited (Registered number: 07546802)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W & S Sandbach Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D Brislen (Jnr)
D Brislen (Snr)





SECRETARY:





REGISTERED OFFICE: The Office
Moor Lane Farm
Downall Green Road
Ashton in Makerfield
WN4 0NA





REGISTERED NUMBER: 07546802 (England and Wales)





ACCOUNTANTS: Triton Accountancy Services Ltd
The Office
Moor Lane Farm
Downall Green Road
Ashton in Makerfield
WN4 0NA

W & S Sandbach Limited (Registered number: 07546802)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 548,083 548,133

CURRENT ASSETS
Stocks 3,342,400 3,282,666
Debtors 5 2,404,171 2,057,410
Cash at bank 42 170
5,746,613 5,340,246
CREDITORS
Amounts falling due within one year 6 2,472,108 2,305,272
NET CURRENT ASSETS 3,274,505 3,034,974
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,822,588

3,583,107

CREDITORS
Amounts falling due after more than
one year

7

(9,340,217

)

(7,620,164

)

PROVISIONS FOR LIABILITIES 9 (500,000 ) (500,000 )
NET LIABILITIES (6,017,629 ) (4,537,057 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (6,017,729 ) (4,537,157 )
SHAREHOLDERS' FUNDS (6,017,629 ) (4,537,057 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

W & S Sandbach Limited (Registered number: 07546802)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by:





D Brislen (Jnr) - Director


W & S Sandbach Limited (Registered number: 07546802)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

W & S Sandbach Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realiseable value.

Costs include all direct expenditure involved in reaching the value included in these accounts.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

W & S Sandbach Limited (Registered number: 07546802)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 January 2023
and 31 December
2023

548,000

28,335

499

1,534

578,368
DEPRECIATION
At 1 January 2023 - 28,335 366 1,534 30,235
Charge for year - - 50 - 50
At 31 December 2023 - 28,335 416 1,534 30,285
NET BOOK VALUE
At 31 December 2023 548,000 - 83 - 548,083
At 31 December 2022 548,000 - 133 - 548,133

5. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors - 172,800
Amounts owed by associates 463,547 367,318
Prepayments - 4,542
463,547 544,660

Amounts falling due after more than one year:
Deferred Tax 1,940,624 1,512,750

Aggregate amounts 2,404,171 2,057,410

W & S Sandbach Limited (Registered number: 07546802)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 1,630,030 1,633,194
Amounts owed to associates 257,897 58,311
VAT 213,326 255,321
Other creditors 69,232 69,232
Directors' current accounts 23,966 23,966
Accruals and deferred income 250,000 250,000
Accrued expenses 17,009 4,600
2,472,108 2,305,272

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Debentures - 1-2 years 9,148,698 7,589,582
Bank loans - 1-2 years 10,648 10,648
Bank loans - 2-5 years 19,934 19,934
Other creditors 160,937 -
9,340,217 7,620,164

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bridging Finance Ltd 9,148,698 7,589,582

The loan from Bridging Finance Ltd is secured by a debenture and first charge over land owned by the Company and held as trading stock.

9. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Other provisions
Social Housing Provision 500,000 500,000

Other
provisions
£   
Social Housing Provision 500,000
Balance at 31 December 2023 500,000