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SXP DESIGNS LTD.

Registered Number
SC392629
(Scotland)

Unaudited Financial Statements for the Year ended
30 April 2024

SXP DESIGNS LTD.
Company Information
for the year from 1 May 2023 to 30 April 2024

Director

MCLAREN, Lesley Jane

Company Secretary

MCLAREN, Lesley

Registered Address

9 Dalhousie Crescent
Eskbank
Dalkeith
EH22 3DP

Registered Number

SC392629 (Scotland)
SXP DESIGNS LTD.
Balance Sheet as at
30 April 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,2151,519
1,2151,519
Current assets
Stocks414,00015,000
Debtors4,16214,014
Cash at bank and on hand2,9471,160
21,10930,174
Creditors amounts falling due within one year5(9,869)(15,366)
Net current assets (liabilities)11,24014,808
Total assets less current liabilities12,45516,327
Creditors amounts falling due after one year6(5,610)(9,595)
Net assets6,8456,732
Capital and reserves
Called up share capital22
Profit and loss account6,8436,730
Shareholders' funds6,8456,732
The financial statements were approved and authorised for issue by the Director on 29 January 2025, and are signed on its behalf by:
MCLAREN, Lesley Jane
Director
Registered Company No. SC392629
SXP DESIGNS LTD.
Notes to the Financial Statements
for the year ended 30 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
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.
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:

Reducing balance (%)
Fixtures and fittings20
Office Equipment20
Stocks and work in progress
Stocks 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 and completion.
Government grants or assistance
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.
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 May 231,3344,0205,354
At 30 April 241,3344,0205,354
Depreciation and impairment
At 01 May 237413,0943,835
Charge for year119185304
At 30 April 248603,2794,139
Net book value
At 30 April 244747411,215
At 30 April 235939261,519
4.Stocks

2024

2023

££
Finished goods14,00015,000
Total14,00015,000
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables-4,628
Bank borrowings and overdrafts3,6676,491
Taxation and social security1,9121,853
Other creditors1,3141,323
Accrued liabilities and deferred income2,9761,071
Total9,86915,366
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts5,6109,595
Total5,6109,595
7.Related party transactions
Included in Other debtors is an amount of £928.90 due from (2023: £12,391 due from) the director, Lesley McLaren, to the company. The loan is interest free and has no fixed term for repayment