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REGISTERED NUMBER: 00578219 (England and Wales)










M.SEDGWICK & COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024






M.SEDGWICK & COMPANY LIMITED (REGISTERED NUMBER: 00578219)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024










Page

Balance Sheet 1 to 2

Notes to the Financial Statements 3 to 6


M.SEDGWICK & COMPANY LIMITED (REGISTERED NUMBER: 00578219)

BALANCE SHEET
31ST DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 278,125 302,709

CURRENT ASSETS
Stocks 347,436 426,797
Debtors 5 29,285 71,223
Cash at bank and in hand 130,718 85,968
507,439 583,988
CREDITORS
Amounts falling due within one year 6 382,795 408,777
NET CURRENT ASSETS 124,644 175,211
TOTAL ASSETS LESS CURRENT LIABILITIES 402,769 477,920

CREDITORS
Amounts falling due after more than one year 7 (4,414 ) (14,808 )

PROVISIONS FOR LIABILITIES (14,575 ) (15,388 )
NET ASSETS 383,780 447,724

CAPITAL AND RESERVES
Called up share capital 9 311 311
Capital redemption reserve 10 689 689
Retained earnings 10 382,780 446,724
SHAREHOLDERS' FUNDS 383,780 447,724

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

M.SEDGWICK & COMPANY LIMITED (REGISTERED NUMBER: 00578219)

BALANCE SHEET - continued
31ST DECEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14th March 2025 and were signed by:





R J Sedgwick - Director


M.SEDGWICK & COMPANY LIMITED (REGISTERED NUMBER: 00578219)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2024


1. STATUTORY INFORMATION

M.Sedgwick & Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00578219

Registered office: Stanningley Field Close
Swinnow Lane
Leeds
West Yorkshire
LS13 4QG

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

At the time of signing these accounts, having considered the economic climate, the directors expectations and intentions for the next 12 months, and the availability of working capital, the directors are of the opinion that the company will remain viable for the foreseeable future and accordingly these financial statements have been prepared on the going concern basis.

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
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Buildings - 5% on reducing balance
Plant and Machinery - 25% on reducing balance
Motor Vehicles - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

M.SEDGWICK & COMPANY LIMITED (REGISTERED NUMBER: 00578219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into transactions in ‘basic’ financial instruments which result in the recognition of assets and liabilities; these include trade and other debtors and creditors, bank balances, loans from banks and other third parties, and loans to related parties. These are recognised in the company’s balance sheet when it becomes party to the contractual provisions of the instrument.

Basic financial assets (other than those classified as payable within one year) are initially measured at cost and are subsequently carried at cost or amortised cost using the effective interest method, less any impairment losses. Basic financial assets classed as receivable within one year are not amortised.

Basic financial liabilities (other than those classified as payable within one year) are initially measured at present value of future cash flows and subsequently at amortised cost using the effective interest method. Basic financial liabilities classed as payable within one year are not amortised.

Financial assets and liabilities are offset, with the net amount reported in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

M.SEDGWICK & COMPANY LIMITED (REGISTERED NUMBER: 00578219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st January 2024
and 31st December 2024 717,402 1,227,012 1,944,414
DEPRECIATION
At 1st January 2024 494,553 1,147,152 1,641,705
Charge for year 4,621 19,963 24,584
At 31st December 2024 499,174 1,167,115 1,666,289
NET BOOK VALUE
At 31st December 2024 218,228 59,897 278,125
At 31st December 2023 222,849 79,860 302,709

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 22,462 50,953
Other debtors 6,823 20,256
29,285 71,209

Amounts falling due after more than one year:
Amounts receivable in respect of finance leases - 14

Aggregate amounts 29,285 71,223

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 10,398 10,143
Trade creditors 44,674 77,097
Taxation and social security 15,958 8,186
Other creditors 311,765 313,351
382,795 408,777

Included in Other creditors are amounts owed to directors of £278,105 (PY: £302,668).

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 4,414 14,808

M.SEDGWICK & COMPANY LIMITED (REGISTERED NUMBER: 00578219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2024


8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,398 10,143

Amounts falling due between one and two years:
Bank loans - 1-2 years 4,414 10,397

Amounts falling due between two and five years:
Bank loans - 2-5 years - 4,411

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
311 Ordinary £1 311 311

10. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1st January 2024 446,724 689 447,413
Deficit for the year (63,944 ) (63,944 )
At 31st December 2024 382,780 689 383,469