1 01/06/2023 31/05/2024 2024-05-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-06-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 07082642 2023-06-01 2024-05-31 07082642 2024-05-31 07082642 2023-05-31 07082642 2022-06-01 2023-05-31 07082642 2023-05-31 07082642 2022-05-31 07082642 bus:RegisteredOffice 2023-06-01 2024-05-31 07082642 bus:LeadAgentIfApplicable 2023-06-01 2024-05-31 07082642 bus:Director1 2023-06-01 2024-05-31 07082642 core:WithinOneYear 2024-05-31 07082642 core:WithinOneYear 2023-05-31 07082642 core:ShareCapital 2024-05-31 07082642 core:ShareCapital 2023-05-31 07082642 core:RetainedEarningsAccumulatedLosses 2024-05-31 07082642 core:RetainedEarningsAccumulatedLosses 2023-05-31 07082642 bus:Director1 2023-05-31 07082642 bus:Director1 2024-05-31 07082642 bus:Director1 2022-05-31 07082642 bus:Director1 2023-05-31 07082642 bus:Director1 2022-06-01 2023-05-31 07082642 bus:SmallEntities 2023-06-01 2024-05-31 07082642 bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 07082642 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 07082642 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07082642 bus:FullAccounts 2023-06-01 2024-05-31 07082642 core:AllAssociates 2024-05-31 07082642 core:AllAssociates 2023-05-31 07082642 1 2023-06-01 2024-05-31
Company registration number: 07082642
Susan Howarth Associates Limited
Unaudited filleted financial statements
31 May 2024
Susan Howarth Associates Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Susan Howarth Associates Limited
Directors and other information
Director Mrs Susan J M Howarth
Company number 07082642
Registered office The Old Manse
Colmworth Road
Little Staughton
Beds
MK44 2BY
Business address The Old Manse
Colmworth Road
Little Staughton
Beds
MK44 2BY
Accountants Rawnsley & Co
35 Colworth House
Colworth Park, Sharnbrook
Bedford
Beds
MK44 1LQ
Susan Howarth Associates Limited
Statement of financial position
31 May 2024
2024 2023
Note £ £ £ £
Current assets
Debtors 5 25,082 25,218
Cash at bank and in hand 12,730 34,128
_______ _______
37,812 59,346
Creditors: amounts falling due
within one year 6 ( 7,526) ( 18,474)
_______ _______
Net current assets 30,286 40,872
_______ _______
Total assets less current liabilities 30,286 40,872
_______ _______
Net assets 30,286 40,872
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 30,285 40,871
_______ _______
Shareholder funds 30,286 40,872
_______ _______
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 04 February 2025 , and are signed on behalf of the board by:
Mrs Susan J M Howarth
Director
Company registration number: 07082642
Susan Howarth Associates Limited
Notes to the financial statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Manse, Colmworth Road, Little Staughton, Beds, MK44 2BY.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Debtors
2024 2023
£ £
Trade debtors - 169
Other debtors 25,082 25,049
_______ _______
25,082 25,218
_______ _______
6. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 1,470 9,529
Corporation tax - 122
Social security and other taxes - 757
Other creditors 6,056 8,066
_______ _______
7,526 18,474
_______ _______
7. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward Amounts repaid Balance o/standing
£ £ £
Mrs Susan J M Howarth ( 6,710) 5,000 ( 1,710)
_______ _______ _______
2023
Balance brought forward Amounts repaid Balance o/standing
£ £ £
Mrs Susan J M Howarth ( 8,366) 1,656 ( 6,710)
_______ _______ _______
The amount due to the director is not subject to interest and no repayment arrangements have been agreed.
8. Related party transactions
During the year the company entered into the following transactions with related parties:
Transaction value Balance owed by/(owed to)
2024 2023 2024 2023
£ £ £ £
Adept Flooring Installations Limited - - 25,049 25,049
_______ _______ _______ _______
Adept Flooring Installations Limited is a company under common control of a director. No interest is charged on the outstanding amount and there are no set terms of repayment.
9. Controlling party
The controlling party is Mrs Susan J M Howarth.