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REGISTERED NUMBER: 11224947 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MARCH 2023 TO 27 FEBRUARY 2024

FOR

SANDWAY ENGINEERING LTD

SANDWAY ENGINEERING LTD (REGISTERED NUMBER: 11224947)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2023 TO 27 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SANDWAY ENGINEERING LTD

COMPANY INFORMATION
FOR THE PERIOD 1 MARCH 2023 TO 27 FEBRUARY 2024







DIRECTORS: Mrs S Raisbeck
G Raisbeck





REGISTERED OFFICE: Lambden House
Lambden Road
Pluckley
Ashford
Kent
TN27 0RB





BUSINESS ADDRESS: 3 Warren Cottages
Headcorn Road
Sandway
Maidstone
Kent
ME17 2PD





REGISTERED NUMBER: 11224947 (England and Wales)





ACCOUNTANTS: Stonebridge Associates
Lambden House
Lambden Road
Pluckley
Kent
TN27 0RB

SANDWAY ENGINEERING LTD (REGISTERED NUMBER: 11224947)

BALANCE SHEET
27 FEBRUARY 2024

27.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 3,274

CURRENT ASSETS
Debtors 5 1,450 10,020
Cash at bank 26,458 37,500
27,908 47,520
CREDITORS
Amounts falling due within one year 6 2,986 3,090
NET CURRENT ASSETS 24,922 44,430
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,922

47,704

PROVISIONS FOR LIABILITIES 7 - 622
NET ASSETS 24,922 47,082

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 24,822 46,982
SHAREHOLDERS' FUNDS 24,922 47,082

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 27 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 27 February 2024 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.

SANDWAY ENGINEERING LTD (REGISTERED NUMBER: 11224947)

BALANCE SHEET - continued
27 FEBRUARY 2024


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 14 February 2025 and were signed on its behalf by:





G Raisbeck - Director


SANDWAY ENGINEERING LTD (REGISTERED NUMBER: 11224947)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 MARCH 2023 TO 27 FEBRUARY 2024


1. STATUTORY INFORMATION

Sandway Engineering Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 etc - 33% on cost

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2023 - 2 ) .

SANDWAY ENGINEERING LTD (REGISTERED NUMBER: 11224947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2023 TO 27 FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 6,514
Additions 1,250
Disposals (7,764 )
At 27 February 2024 -
DEPRECIATION
At 1 March 2023 3,240
Charge for period 1,810
Eliminated on disposal (5,050 )
At 27 February 2024 -
NET BOOK VALUE
At 27 February 2024 -
At 28 February 2023 3,274

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.2.24 28.2.23
£    £   
Other debtors 1,450 10,020

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.2.24 28.2.23
£    £   
Taxation and social security 2,986 3,090

7. PROVISIONS FOR LIABILITIES
27.2.24 28.2.23
£    £   
Deferred tax - 622

Deferred
tax
£   
Balance at 1 March 2023 622
Balance at 27 February 2024 622

SANDWAY ENGINEERING LTD (REGISTERED NUMBER: 11224947)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 MARCH 2023 TO 27 FEBRUARY 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 27.2.24 28.2.23
value: £    £   
100 Ordinary 1 100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 27 February 2024 and the year ended 28 February 2023:

27.2.24 28.2.23
£    £   
Mrs S Raisbeck and G Raisbeck
Balance outstanding at start of period 10,020 10,500
Amounts advanced - 10,020
Amounts repaid (10,020 ) (10,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - 10,020

10. RELATED PARTY DISCLOSURES

During the period, total dividends of £13,300 were paid to the directors .

Mr G Raisbeck & Mrs S Raisbeck - Directors and Shareholders

At the balance sheet date Mr & Mrs Raisbeck owed Sandway Engineering £0 (2022 - £10,020).

11. ULTIMATE CONTROLLING PARTY

The controlling party is G Raisbeck.