17 C Sansom Ltd 05486902 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is road construction and repairs. Digita Accounts Production Advanced 6.30.9574.0 true 05486902 2023-09-01 2024-08-31 05486902 2024-08-31 05486902 core:CurrentFinancialInstruments 2024-08-31 05486902 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 05486902 core:FurnitureFittings 2024-08-31 05486902 core:LandBuildings core:OwnedOrFreeholdAssets 2024-08-31 05486902 core:MotorVehicles 2024-08-31 05486902 core:PlantMachinery 2024-08-31 05486902 bus:SmallEntities 2023-09-01 2024-08-31 05486902 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 05486902 bus:FilletedAccounts 2023-09-01 2024-08-31 05486902 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 05486902 bus:RegisteredOffice 2023-09-01 2024-08-31 05486902 bus:Director1 2023-09-01 2024-08-31 05486902 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 05486902 core:FurnitureFittings 2023-09-01 2024-08-31 05486902 core:LandBuildings 2023-09-01 2024-08-31 05486902 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 05486902 core:MotorVehicles 2023-09-01 2024-08-31 05486902 core:PlantMachinery 2023-09-01 2024-08-31 05486902 countries:England 2023-09-01 2024-08-31 05486902 2023-08-31 05486902 core:FurnitureFittings 2023-08-31 05486902 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-31 05486902 core:MotorVehicles 2023-08-31 05486902 core:PlantMachinery 2023-08-31 05486902 2022-09-01 2023-08-31 05486902 2023-08-31 05486902 core:CurrentFinancialInstruments 2023-08-31 05486902 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 05486902 core:FurnitureFittings 2023-08-31 05486902 core:LandBuildings core:OwnedOrFreeholdAssets 2023-08-31 05486902 core:MotorVehicles 2023-08-31 05486902 core:PlantMachinery 2023-08-31 xbrli:pure iso4217:GBP

Registration number: 05486902

C Sansom Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

C Sansom Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 6

 

C Sansom Ltd

(Registration number: 05486902)
Statement of Financial Position as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

609,037

621,124

Current assets

 

Debtors

5

1,326,142

1,461,955

Cash at bank and in hand

 

1,933,193

1,156,917

 

3,259,335

2,618,872

Creditors: Amounts falling due within one year

6

(584,111)

(579,595)

Net current assets

 

2,675,224

2,039,277

Total assets less current liabilities

 

3,284,261

2,660,401

Provisions for liabilities

(151,332)

(158,953)

Net assets

 

3,132,929

2,501,448

Capital and reserves

 

Called up share capital

101

101

Profit and loss account

3,132,828

2,501,347

Shareholders' funds

 

3,132,929

2,501,448

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 17 April 2025 and signed on its behalf by:
 


Mr Neil Sansom
Director

 

C Sansom Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Cranbrook Cottage
Moretonhampstead
Devon
TQ13 8PX
United Kingdom

Principal activity

The principal activity of the company is road construction and repairs.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

 

C Sansom Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

4% straight line

Plant and machinery

15% straight line

 

C Sansom Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

2

Accounting policies (continued)

Fittings fixtures and equipment

25% straight line

Motor vehicles

25% reducing balance

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 17 (2023 - 14).

 

C Sansom Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 September 2023

11,735

30,756

806,515

288,692

1,137,698

Additions

-

20,391

121,950

31,001

173,342

At 31 August 2024

11,735

51,147

928,465

319,693

1,311,040

Depreciation

At 1 September 2023

6,573

23,862

345,648

140,491

516,574

Charge for the year

470

8,448

131,710

44,801

185,429

At 31 August 2024

7,043

32,310

477,358

185,292

702,003

Carrying amount

At 31 August 2024

4,692

18,837

451,107

134,401

609,037

At 31 August 2023

5,162

6,894

460,867

148,201

621,124

Included within the net book value of land and buildings above is £4,692 (2023 - £5,162) in respect of freehold land and buildings.
 

5

Debtors

2024
£

2023
£

Trade debtors

575,039

747,334

Other debtors

707,428

670,975

Prepayments

43,675

43,646

1,326,142

1,461,955

 

C Sansom Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

174,549

214,051

Taxation and social security

405,432

360,985

Accruals and deferred income

4,130

3,880

Other creditors

-

679

584,111

579,595

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.