Registered number
07252675
SANDBAY LIMITED
Filleted Accounts
31 May 2024
SANDBAY LIMITED
Registered number: 07252675
Balance Sheet
as at 31 May 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 12,211 17,696
Investments 4 200 200
12,411 17,896
Current assets
Debtors 5 559,348 553,663
Cash at bank and in hand 16,737 252,455
576,085 806,118
Creditors: amounts falling due within one year 6 (345,005) (523,644)
Net current assets 231,080 282,474
Total assets less current liabilities 243,491 300,370
Creditors: amounts falling due after more than one year 7 (10,581) (20,725)
Net assets 232,910 279,645
Capital and reserves
Called up share capital 1 1
Profit and loss account 232,909 279,644
Shareholder's funds 232,910 279,645
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Ellis
Director
Approved by the board on 25 February 2025
SANDBAY LIMITED
Notes to the Accounts
for the year ended 31 May 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Office equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 5
3 Tangible fixed assets
Plant and machinery etc Office equipment Total
£ £ £
Cost
At 1 June 2023 75,644 11,696 87,340
Additions - 1,607 1,607
At 31 May 2024 75,644 13,303 88,947
Depreciation
At 1 June 2023 59,076 10,568 69,644
Charge for the year 6,968 124 7,092
At 31 May 2024 66,044 10,692 76,736
Net book value
At 31 May 2024 9,600 2,611 12,211
At 31 May 2023 16,568 1,128 17,696
4 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 June 2023 200
At 31 May 2024 200
The company holds 20% or more of the share capital of the following companies:
Capital and Profit/(loss)
Company Shares held reserves for the year
Class % £ £
Sandbay Construction Limited Ordinary 100 233,850 284,405
IDA Homes Ltd Ordinary 100 5,416 7,066
5 Debtors 2024 2023
£ £
Trade debtors 264,826 240,469
Amounts owed by group undertakings and undertakings in which the company has a participating interest - 256,921
Other debtors 294,522 56,273
559,348 553,663
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,048 9,850
Trade creditors 1,496 347,783
Amounts owed to group undertakings and undertakings in which the company has a participating interest 216,843 -
Corporation tax - 59,412
Taxation and social security costs 2,512 18,734
Other creditors and accruals 114,106 87,865
345,005 523,644
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans (BBLS) 10,581 20,725
8 Related party transactions 2024 2023
£ £
Purchase of contruction services from Sandbay Construction Limited 48,193 1,384,120
Sales and charges to Sandbay Construction Limited - 12,591
Any amount due to or from this company is disclosed in Debtors and Creditors.
9 Controlling party
Mr Jerry Ellis is the ultimate controlling party.
10 Other information
SANDBAY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Foxhill Farm
Jackass Lane
Keston
Kent
BR2 6AN
SANDBAY LIMITED 07252675 false 2023-06-01 2024-05-31 2024-05-31 VT Final Accounts July 2024 J Ellis No description of principal activity 07252675 2022-06-01 2023-05-31 07252675 core:WithinOneYear 2023-05-31 07252675 core:AfterOneYear 2023-05-31 07252675 core:ShareCapital 2023-05-31 07252675 core:RetainedEarningsAccumulatedLosses 2023-05-31 07252675 2023-06-01 2024-05-31 07252675 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 07252675 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 07252675 bus:Director40 2023-06-01 2024-05-31 07252675 core:PlantMachinery 2023-06-01 2024-05-31 07252675 core:Vehicles 2023-06-01 2024-05-31 07252675 countries:England 2023-06-01 2024-05-31 07252675 bus:FRS102 2023-06-01 2024-05-31 07252675 bus:FilletedAccounts 2023-06-01 2024-05-31 07252675 2024-05-31 07252675 core:WithinOneYear 2024-05-31 07252675 core:AfterOneYear 2024-05-31 07252675 core:ShareCapital 2024-05-31 07252675 core:RetainedEarningsAccumulatedLosses 2024-05-31 07252675 core:PlantMachinery 2024-05-31 07252675 core:Vehicles 2024-05-31 07252675 2023-05-31 07252675 core:PlantMachinery 2023-05-31 07252675 core:Vehicles 2023-05-31 iso4217:GBP xbrli:pure