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Company No: 12118414 (England and Wales)

FAMILY SUTTON SOLUTIONS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

FAMILY SUTTON SOLUTIONS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

FAMILY SUTTON SOLUTIONS LIMITED

BALANCE SHEET

As at 31 December 2024
FAMILY SUTTON SOLUTIONS LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 31.12.2024 31.12.2023
£ £
Current assets
Stocks 3 855,560 855,131
Debtors 4 418 421
Cash at bank and in hand 11,215 10,440
867,193 865,992
Creditors: amounts falling due within one year 5 ( 867,205) ( 881,841)
Net current liabilities (12) (15,849)
Total assets less current liabilities (12) (15,849)
Net liabilities ( 12) ( 15,849)
Capital and reserves
Called-up share capital 6 2 2
Profit and loss account ( 14 ) ( 15,851 )
Total shareholders' deficit ( 12) ( 15,849)

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Family Sutton Solutions Limited (registered number: 12118414) were approved and authorised for issue by the Board of Directors on 28 March 2025. They were signed on its behalf by:

Mr P C Sutton
Director
FAMILY SUTTON SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
FAMILY SUTTON SOLUTIONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Family Sutton Solutions Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Whitestone Farmhouse, Cornworthy, Totnes, Devon, TQ9 7HF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

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

Going concern

The balance sheet reflects a deficiency of assets totalling £12 (2023: £15,849) and the company remains dependent upon the financial support provided by the directors. The directors have confirmed that this support will continue for at least one year from the balance sheet date, therefore the accounts have been prepared on a going concern basis.

Turnover

Turnover represents income recognised on the completion of property sales and amounts chargeable in respect of consultancy services to customers, net of any applicable Value Added Tax .

The company recognises turnover when the value of goods and services can be reliably measured.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their condition.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

31.12.2024 31.12.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Stocks

31.12.2024 31.12.2023
£ £
Work in progress 855,560 855,131

4. Debtors

31.12.2024 31.12.2023
£ £
Other debtors 418 421

5. Creditors: amounts falling due within one year

31.12.2024 31.12.2023
£ £
Accruals 2,000 1,999
Taxation and social security 3,799 0
Other creditors 861,406 879,842
867,205 881,841

6. Called-up share capital

31.12.2024 31.12.2023
£ £
Allotted, called-up and fully-paid
2 Ordinary shares of £ 2.00 each (31.12.2023: 2 shares of £ 1.00 each) 2 2