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Registered number: 14186080
Appleby Sweeps Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14186080
31 May 2024 31 May 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 10,952 10,979
10,952 10,979
CURRENT ASSETS
Debtors 5 360 3,194
Cash at bank and in hand 4,710 3,980
5,070 7,174
Creditors: Amounts Falling Due Within One Year 6 (4,583 ) (2,380 )
NET CURRENT ASSETS (LIABILITIES) 487 4,794
TOTAL ASSETS LESS CURRENT LIABILITIES 11,439 15,773
NET ASSETS 11,439 15,773
CAPITAL AND RESERVES
Called up share capital 7 2 2
Profit and Loss Account 11,437 15,771
SHAREHOLDERS' FUNDS 11,439 15,773
Page 1
Page 2
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Gavin Wilby
Director
14/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Appleby Sweeps Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14186080 . The registered office is Hangingshaw Barn, Roman Road, Appleby, Cumbria, CA16 6JH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20%
Motor Vehicles 25%
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 June 2023 785 13,800 14,585
Additions - 11,400 11,400
Disposals - (13,800 ) (13,800 )
As at 31 May 2024 785 11,400 12,185
...CONTINUED
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Page 4
Depreciation
As at 1 June 2023 156 3,450 3,606
Provided during the period 127 950 1,077
Disposals - (3,450 ) (3,450 )
As at 31 May 2024 283 950 1,233
Net Book Value
As at 31 May 2024 502 10,450 10,952
As at 1 June 2023 629 10,350 10,979
5. Debtors
31 May 2024 31 May 2023
£ £
Due within one year
Trade debtors 70 3,194
Prepayments and accrued income 290 -
360 3,194
6. Creditors: Amounts Falling Due Within One Year
31 May 2024 31 May 2023
£ £
Trade creditors 20 50
Corporation tax 3,861 1,217
Other taxes and social security - 80
Accruals and deferred income 702 636
Director's loan account - 397
4,583 2,380
7. Share Capital
31 May 2024 31 May 2023
£ £
Allotted, Called up and fully paid 2 2
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