Company Registration No. 08327876 (England and Wales)
Sue Wassall Limited
Unaudited accounts
for the year ended 31 December 2024
Sue Wassall Limited
Unaudited accounts
Contents
Sue Wassall Limited
Company Information
for the year ended 31 December 2024
Secretary
.Mrs Susan Jane Wassall
Company Number
08327876 (England and Wales)
Registered Office
Knights Chambers
The Square
FAREHAM
Hampshire
PO17 5JW
United Kingdom
Accountants
Accountancy Solutions (Winchester) Limited
Trafalgar House
223 Southampton Road
Portchester
Hampshire
PO6 4PY
Sue Wassall Limited
Statement of financial position
as at 31 December 2024
Tangible assets
18,539
15,421
Cash at bank and in hand
50,125
77,503
Creditors: amounts falling due within one year
(44,915)
(67,730)
Net current assets
54,055
61,928
Total assets less current liabilities
72,594
77,349
Creditors: amounts falling due after more than one year
(579)
(590)
Provisions for liabilities
Deferred tax
(2,415)
(2,952)
Called up share capital
120
120
Profit and loss account
69,480
73,687
Shareholders' funds
69,600
73,807
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 26 February 2025 and were signed on its behalf by
Susan Wassall
Director
Company Registration No. 08327876
Sue Wassall Limited
Notes to the Accounts
for the year ended 31 December 2024
Sue Wassall Limited is a private company, limited by shares, registered in England and Wales, registration number 08327876. The registered office is Knights Chambers, The Square, FAREHAM, Hampshire, PO17 5JW, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Computer equipment
33% On Cost
The accounts are presented in £ sterling.
4
Intangible fixed assets
Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.
Sue Wassall Limited
Notes to the Accounts
for the year ended 31 December 2024
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
65,575
43,273
14,764
123,612
At 31 December 2024
65,575
51,493
14,764
131,832
At 1 January 2024
60,410
34,902
12,879
108,191
Charge for the year
2,196
1,660
1,246
5,102
At 31 December 2024
62,606
36,562
14,125
113,293
At 31 December 2024
2,969
14,931
639
18,539
At 31 December 2023
5,165
8,371
1,885
15,421
Amounts falling due within one year
Accrued income and prepayments
3,102
4,438
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
(2)
Trade creditors
40,899
40,189
Taxes and social security
4,016
15,030
Loans from directors
-
11,263
8
Creditors: amounts falling due after more than one year
2024
2023
9
Average number of employees
During the year the average number of employees was 9 (2023: 9).