IRIS Accounts Production v24.3.0.553 12033977 director 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh120339772023-06-30120339772024-06-30120339772023-07-012024-06-30120339772022-06-30120339772022-07-012023-06-30120339772023-06-3012033977ns15:EnglandWales2023-07-012024-06-3012033977ns14:PoundSterling2023-07-012024-06-3012033977ns10:Director12023-07-012024-06-3012033977ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3012033977ns10:SmallEntities2023-07-012024-06-3012033977ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3012033977ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3012033977ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3012033977ns10:FullAccounts2023-07-012024-06-3012033977ns10:RegisteredOffice2023-07-012024-06-3012033977ns5:CurrentFinancialInstruments2024-06-3012033977ns5:CurrentFinancialInstruments2023-06-3012033977ns5:ShareCapital2024-06-3012033977ns5:ShareCapital2023-06-3012033977ns5:RetainedEarningsAccumulatedLosses2024-06-3012033977ns5:RetainedEarningsAccumulatedLosses2023-06-3012033977ns5:PlantMachinery2023-07-012024-06-3012033977ns5:PlantMachinery2023-06-3012033977ns5:PlantMachinery2024-06-3012033977ns5:PlantMachinery2023-06-3012033977ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3012033977ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30
REGISTERED NUMBER: 12033977 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

The Sully Partnership Ltd

The Sully Partnership Ltd (Registered number: 12033977)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Sully Partnership Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: J Sully





REGISTERED OFFICE: 3A Pembridge Mews
London
W11 3EQ





REGISTERED NUMBER: 12033977 (England and Wales)





ACCOUNTANTS: Mayfair Business & Tax Consultancy Limited
Mayfair House
46 Boulevard
Weston super Mare
Somerset
BS23 1NF

The Sully Partnership Ltd (Registered number: 12033977)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 113,627 117,833

CURRENT ASSETS
Debtors 5 161,211 79,575
Cash at bank 593,968 772,000
755,179 851,575
CREDITORS
Amounts falling due within one year 6 408,223 537,234
NET CURRENT ASSETS 346,956 314,341
TOTAL ASSETS LESS CURRENT
LIABILITIES

460,583

432,174

PROVISIONS FOR LIABILITIES 1,187 1,187
NET ASSETS 459,396 430,987

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 459,296 430,887
459,396 430,987

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 March 2025 and were signed by:




J Sully - Director


The Sully Partnership Ltd (Registered number: 12033977)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

The Sully Partnership Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

The Sully Partnership Ltd (Registered number: 12033977)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 136,488
Additions 1,333
At 30 June 2024 137,821
DEPRECIATION
At 1 July 2023 18,655
Charge for year 5,539
At 30 June 2024 24,194
NET BOOK VALUE
At 30 June 2024 113,627
At 30 June 2023 117,833

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 141,211 56,220
Other debtors 20,000 23,355
161,211 79,575

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 17,063 15,839
Taxation and social security 105,656 30,064
Other creditors 285,504 491,331
408,223 537,234