Company Registration No. 3362983 (England and Wales)
Sugarland Limited
Unaudited accounts
for the year ended 31 May 2024
Sugarland Limited
Unaudited accounts
Contents
Sugarland Limited
Company Information
for the year ended 31 May 2024
Directors
Iqbal Ahmed
Julie Ahmed
Amir Ahmed
Company Number
3362983 (England and Wales)
Registered Office
70 WESTON PARK
LONDON
N8 9TD
Sugarland Limited
Statement of financial position
as at 31 May 2024
Tangible assets
117,068
112,975
Debtors
1,055,418
1,058,646
Cash at bank and in hand
98,121
77,036
Creditors: amounts falling due within one year
(195,624)
(211,639)
Net current assets
957,915
924,043
Total assets less current liabilities
1,074,983
1,037,018
Creditors: amounts falling due after more than one year
(35,359)
(30,729)
Net assets
1,039,624
1,006,289
Called up share capital
100
100
Profit and loss account
1,039,524
1,006,189
Shareholders' funds
1,039,624
1,006,289
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 15 November 2024 and were signed on its behalf by
Iqbal Ahmed
Director
Company Registration No. 3362983
Sugarland Limited
Notes to the Accounts
for the year ended 31 May 2024
Sugarland Limited is a private company, limited by shares, registered in England and Wales, registration number 3362983. The registered office is 70 WESTON PARK, LONDON, N8 9TD.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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% reducing balance
Motor vehicles
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
1,354,409
138,720
54,347
1,547,476
Additions
43,116
-
-
43,116
At 31 May 2024
1,397,525
138,720
54,347
1,590,592
At 1 June 2023
1,253,257
130,741
50,503
1,434,501
Charge for the year
36,067
1,995
961
39,023
At 31 May 2024
1,289,324
132,736
51,464
1,473,524
At 31 May 2024
108,201
5,984
2,883
117,068
At 31 May 2023
101,152
7,979
3,844
112,975
Sugarland Limited
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Other debtors
1,051,520
1,051,519
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
10,000
Loans from directors
188,039
194,615
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).