1 June 2023 false No description of principal activity Taxfiler 2024.7 03144742business:PrivateLimitedCompanyLtd2023-06-012024-05-31 031447422023-05-31 031447422023-06-012024-05-31 03144742business:AuditExemptWithAccountantsReport2023-06-012024-05-31 03144742business:FilletedAccounts2023-06-012024-05-31 031447422024-05-31 03144742business:Director12023-06-012024-05-31 03144742business:Director22023-06-012024-05-31 03144742business:CompanySecretary12023-06-012024-05-31 03144742business:RegisteredOffice2023-06-012024-05-31 031447422023-05-31 03144742core:WithinOneYear2024-05-31 03144742core:WithinOneYear2023-05-31 03144742core:AfterOneYear2024-05-31 03144742core:AfterOneYear2023-05-31 03144742core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 03144742core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 03144742core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 03144742core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 03144742core:PreviouslyStatedAmount2024-05-31 03144742core:PreviouslyStatedAmount2023-05-31 03144742business:SmallEntities2023-06-012024-05-31 03144742countries:EnglandWales2023-06-012024-05-31 03144742core:PlantMachinery2023-06-012024-05-31 03144742core:MotorVehicles2023-06-012024-05-31 03144742core:FurnitureFittings2023-06-012024-05-31 03144742core:LandBuildings2023-05-31 03144742core:PlantMachinery2023-05-31 03144742core:MotorVehicles2023-05-31 03144742core:ComputerEquipment2023-05-31 03144742core:LandBuildings2023-06-012024-05-31 03144742core:ComputerEquipment2023-06-012024-05-31 03144742core:LandBuildings2024-05-31 03144742core:PlantMachinery2024-05-31 03144742core:MotorVehicles2024-05-31 03144742core:ComputerEquipment2024-05-31 03144742business:OrdinaryShareClass12023-06-012024-05-31 03144742business:OrdinaryShareClass12022-06-012023-05-31 031447422022-06-012023-05-31 iso4217:GBP xbrli:shares xbrli:pure
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
Page
- 2 -
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
- 3 -
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
- 4 -
SFX Supplies and Hire Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
249,603 
268,928 
Current assets
Inventories
12,865 
17,535 
Debtors
197,578 
17,177 
Cash at bank and in hand
107,548 
397,283 
317,991 
431,995 
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 
Capital and reserves
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
- 5 -
SFX Supplies and Hire Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Plant & machinery
25%
Motor vehicles
25%
Fixtures & fittings
25%
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 
Additions
- 
- 
- 
255 
255 
Disposals
- 
- 
(22,750)
- 
(22,750)
At 31 May 2024
231,599 
109,357 
33,362 
34,423 
408,741 
Depreciation
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 
Net book value
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 
- 6 -
SFX Supplies and Hire Ltd Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,238 
17,177 
Other debtors
195,340 
- 
197,578 
17,177 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,331 
24,128 
Trade creditors
892 
24,405 
Taxes and social security
15,723 
11,816 
Proposed dividends
- 
4,000 
Loans from directors
8,700 
27,043 
26,646 
91,392 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,419 
15,418 
Other creditors
- 
44,269 
Taxes and social security
5,993 
38,516 
16,412 
98,203 
8
Share capital
2024 
2023 
£ 
£ 
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).
- 7 -