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REGISTERED NUMBER: 03295874 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

SULLIVANS ASSOCIATES LTD

SULLIVANS ASSOCIATES LTD (REGISTERED NUMBER: 03295874)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SULLIVANS ASSOCIATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr D J John
Mrs P M H Teng
Mr N P Mahoney





REGISTERED OFFICE: 14 Gelliwastad Road
Pontypridd
RCT
CF37 2BW





REGISTERED NUMBER: 03295874 (England and Wales)






SULLIVANS ASSOCIATES LTD (REGISTERED NUMBER: 03295874)

BALANCE SHEET
31 JULY 2024

31/7/24 31/7/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 6,700 2,403
6,700 2,403

CURRENT ASSETS
Debtors 6 274,634 256,296
Cash at bank and in hand 209,988 237,153
484,622 493,449
CREDITORS
Amounts falling due within one year 7 165,734 184,572
NET CURRENT ASSETS 318,888 308,877
TOTAL ASSETS LESS CURRENT
LIABILITIES

325,588

311,280

PROVISIONS FOR LIABILITIES 1,675 450
NET ASSETS 323,913 310,830

CAPITAL AND RESERVES
Called up share capital 8 1,980 1,980
Capital redemption reserve 1,020 1,020
Retained earnings 320,913 307,830
SHAREHOLDERS' FUNDS 323,913 310,830

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

SULLIVANS ASSOCIATES LTD (REGISTERED NUMBER: 03295874)

BALANCE SHEET - continued
31 JULY 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 1 April 2025 and were signed on its behalf by:





Mr D J John - Director


SULLIVANS ASSOCIATES LTD (REGISTERED NUMBER: 03295874)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Sullivans Associates 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.

Going Concern
There are no fundamental uncertainties of which the directors are aware that would affect the company's ability to continuing trading as a going concern.It is considered that the company has sufficient resources to continue as a going concern for the foreseeable future.

The financial statements have, therefore been prepared on a going concern basis

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 33% on reducing balance, 33% on cost and 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 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.

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.

SULLIVANS ASSOCIATES LTD (REGISTERED NUMBER: 03295874)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 700,000
AMORTISATION
At 1 August 2023
and 31 July 2024 700,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 August 2023 73,610
Additions 8,554
At 31 July 2024 82,164
DEPRECIATION
At 1 August 2023 71,207
Charge for year 4,257
At 31 July 2024 75,464
NET BOOK VALUE
At 31 July 2024 6,700
At 31 July 2023 2,403

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Trade debtors 157,089 108,777
Amounts recoverable on contract 97,149 88,965
Other debtors 20,396 58,554
274,634 256,296

SULLIVANS ASSOCIATES LTD (REGISTERED NUMBER: 03295874)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/24 31/7/23
£    £   
Trade creditors 6,650 17,390
Taxation and social security 138,353 146,870
Other creditors 20,731 20,312
165,734 184,572

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number Class Nominal value per share 31/7/24 31/7/23
£ £

600 Ordinary A shares £1 600 600
600 Ordinary B shares £1 600 600
600 Ordinary C shares £1 600 600
180 Ordinary D shares £1 180 180

1980 1980

All 1980 shares ranked parri passu with each other in respect to voting rights ,dividend participation unless otherwise agreed and participation in any distribution arising from any future winding up of the company.