PTP Accounts Production v24.3.2.46 05837639 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh058376392023-06-30058376392024-06-30058376392023-07-012024-06-30058376392022-06-30058376392022-07-012023-06-30058376392023-06-3005837639ns15:EnglandWales2023-07-012024-06-3005837639ns14:PoundSterling2023-07-012024-06-3005837639ns10:Director12023-07-012024-06-3005837639ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3005837639ns10:SmallEntities2023-07-012024-06-3005837639ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3005837639ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3005837639ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3005837639ns10:FullAccounts2023-07-012024-06-3005837639ns10:Director22023-07-012024-06-3005837639ns10:CompanySecretary12023-07-012024-06-3005837639ns10:RegisteredOffice2023-07-012024-06-3005837639ns5:CurrentFinancialInstruments2024-06-3005837639ns5:CurrentFinancialInstruments2023-06-3005837639ns5:Non-currentFinancialInstruments2024-06-3005837639ns5:Non-currentFinancialInstruments2023-06-3005837639ns5:ShareCapital2024-06-3005837639ns5:ShareCapital2023-06-3005837639ns5:CapitalRedemptionReserve2024-06-3005837639ns5:CapitalRedemptionReserve2023-06-3005837639ns5:RetainedEarningsAccumulatedLosses2024-06-3005837639ns5:RetainedEarningsAccumulatedLosses2023-06-3005837639ns5:PlantMachinery2023-07-012024-06-3005837639ns5:PlantMachinery2023-06-3005837639ns5:PlantMachinery2024-06-3005837639ns5:PlantMachinery2023-06-3005837639ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-06-3005837639ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3005837639ns5:DeferredTaxation2023-06-3005837639ns5:DeferredTaxation2023-07-012024-06-3005837639ns5:DeferredTaxation2024-06-30
REGISTERED NUMBER: 05837639 (England and Wales)











Unaudited Financial Statements

for the Year Ended

30 June 2024

for

Suttons Independent Financial Advisers
Limited

Suttons Independent Financial Advisers
Limited (Registered number: 05837639)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Suttons Independent Financial Advisers
Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: JAH Sutton
B J M Preston





SECRETARY: D Sutton





REGISTERED OFFICE: Trinity House
114 Northenden Road
Sale
Cheshire
M33 3HD





REGISTERED NUMBER: 05837639 (England and Wales)





ACCOUNTANTS: Mosley & Co
14 Market Place
Ramsbottom
Bury
Lancashire
BL0 9HT

Suttons Independent Financial Advisers
Limited (Registered number: 05837639)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 187,580 115,072

CURRENT ASSETS
Debtors 5 283,048 281,618
Cash at bank and in hand 323,251 903,130
606,299 1,184,748
CREDITORS
Amounts falling due within one year 6 294,771 339,386
NET CURRENT ASSETS 311,528 845,362
TOTAL ASSETS LESS CURRENT
LIABILITIES

499,108

960,434

CREDITORS
Amounts falling due after more than
one year

7

(76,754

)

(18,789

)

PROVISIONS FOR LIABILITIES 8 (46,895 ) (28,768 )
NET ASSETS 375,459 912,877

CAPITAL AND RESERVES
Called up share capital 10 22
Capital redemption reserve 12 -
Retained earnings 375,437 912,855
SHAREHOLDERS' FUNDS 375,459 912,877

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 directors acknowledge their 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.

Suttons Independent Financial Advisers
Limited (Registered number: 05837639)

Statement of Financial Position - continued
30 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:





JAH Sutton - Director


Suttons Independent Financial Advisers
Limited (Registered number: 05837639)

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

1. STATUTORY INFORMATION

Suttons Independent Financial Advisers Limited 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 - 20% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Suttons Independent Financial Advisers
Limited (Registered number: 05837639)

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

2. ACCOUNTING POLICIES - continued

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 15 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 193,112
Additions 88,283
At 30 June 2024 281,395
DEPRECIATION
At 1 July 2023 78,040
Charge for year 15,775
At 30 June 2024 93,815
NET BOOK VALUE
At 30 June 2024 187,580
At 30 June 2023 115,072

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 283,048 281,618

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 9,794 -
Trade creditors 4,247 1,172
Taxation and social security 111,811 146,532
Other creditors 158,919 181,682
294,771 339,386

Suttons Independent Financial Advisers
Limited (Registered number: 05837639)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 8,628 18,789
Hire purchase contracts 68,126 -
76,754 18,789

8. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 46,895 28,768

Deferred
tax
£   
Balance at 1 July 2023 28,768
Provided during year 18,127
Balance at 30 June 2024 46,895