Registered number
07980456
SULH DEVELOPMENTS LTD
Filleted Accounts
31 March 2024
SULH DEVELOPMENTS LTD
Registered number: 07980456
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 367,184 300,069
Current assets
Debtors 4 193,420 369,870
Cash at bank and in hand 10,260 2,714
203,680 372,584
Creditors: amounts falling due within one year 5 (17,483) (95,184)
Net current assets 186,197 277,400
Total assets less current liabilities 553,381 577,469
Creditors: amounts falling due after more than one year 6 (522,945) (522,871)
Net assets 30,436 54,598
Capital and reserves
Called up share capital 100 100
Profit and loss account 30,336 54,498
Shareholder's funds 30,436 54,598
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.
Indeep Singh
Director
Approved by the board on 27 December 2024
SULH DEVELOPMENTS LTD
Notes to the Accounts
for the year ended 31 March 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).
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.
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:
Fixtures, fittings, tools and equipment 20% reducing balance
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 April 2023 300,000 800 300,800
Additions 67,129 - 67,129
At 31 March 2024 367,129 800 367,929
Depreciation
At 1 April 2023 - 731 731
Charge for the year - 14 14
At 31 March 2024 - 745 745
Net book value
At 31 March 2024 367,129 55 367,184
At 31 March 2023 300,000 69 300,069
4 Debtors 2024 2023
£ £
Other debtors 193,420 369,870
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 2,826 12,918
Other taxes and social security costs 12,657 80,266
Other creditors 2,000 2,000
17,483 95,184
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 182,903 190,345
Directors loan account 340,042 332,526
522,945 522,871
7 Other information
SULH DEVELOPMENTS LTD is a private company limited by shares and incorporated in England. Its registered office is:
Sinckot House
211 Station Road
Harrow
Middlesex
HA1 2TP
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