Company Registration No. 03144742 (England and Wales)
SFX Supplies and Hire Ltd
Unaudited accounts
for the year ended 31 May 2024
SFX Supplies and Hire Ltd
Unaudited accounts
Contents
SFX Supplies and Hire Ltd
Company Information
for the year ended 31 May 2024
Directors
Jacqueline Todd-Baxter
James Thomas Baxter
Secretary
C S Da-Silva-Skinner
Company Number
03144742 (England and Wales)
Registered Office
141 Dargate Road,
Yorkletts,
Whitstable,
Kent
CT5 3AH
United Kingdom
Accountants
Da-Silva-Skinner Associates
55 Foxboro Road
Redhill
Surrey
RH1 1TD
SFX Supplies and Hire Ltd
Accountants' report
Accountants' report to the board of directors of SFX Supplies and Hire Ltd on the preparation of the unaudited statutory accounts for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
SFX Supplies and Hire Ltd for the year ended
31 May 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of SFX Supplies and Hire Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of SFX Supplies and Hire Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SFX Supplies and Hire Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that SFX Supplies and Hire Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of SFX Supplies and Hire Ltd. You consider that SFX Supplies and Hire Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of SFX Supplies and Hire Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Da-Silva-Skinner Associates
55 Foxboro Road
Redhill
Surrey
RH1 1TD
22 February 2025
SFX Supplies and Hire Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
249,603
268,928
Cash at bank and in hand
107,548
397,283
Creditors: amounts falling due within one year
(26,646)
(91,392)
Net current assets
291,345
340,603
Total assets less current liabilities
540,948
609,531
Creditors: amounts falling due after more than one year
(16,412)
(98,203)
Net assets
524,536
511,328
Called up share capital
100
100
Profit and loss account
524,436
511,228
Shareholders' funds
524,536
511,328
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 22 February 2025 and were signed on its behalf by
James Thomas Baxter
Director
Company Registration No. 03144742
SFX Supplies and Hire Ltd
Notes to the Accounts
for the year ended 31 May 2024
SFX Supplies and Hire Ltd is a private company, limited by shares, registered in England and Wales, registration number 03144742. The registered office is 141 Dargate Road, , Yorkletts,, Whitstable,, Kent, CT5 3AH, United Kingdom.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2023
231,599
109,357
56,112
34,168
431,236
Disposals
-
-
(22,750)
-
(22,750)
At 31 May 2024
231,599
109,357
33,362
34,423
408,741
At 1 June 2023
-
92,717
36,824
32,767
162,308
Charge for the year
-
4,160
3,001
414
7,575
On disposals
-
-
(10,745)
-
(10,745)
At 31 May 2024
-
96,877
29,080
33,181
159,138
At 31 May 2024
231,599
12,480
4,282
1,242
249,603
At 31 May 2023
231,599
16,640
19,288
1,401
268,928
SFX Supplies and Hire Ltd
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Trade debtors
2,238
17,177
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
892
24,405
Taxes and social security
15,723
11,816
Proposed dividends
-
4,000
Loans from directors
8,700
27,043
7
Creditors: amounts falling due after more than one year
2024
2023
Taxes and social security
5,993
38,516
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 2 (2023: 4).