1 May 2023 false No description of principal activity Taxfiler 2024.6 11287106business:PrivateLimitedCompanyLtd2023-05-012024-04-30 112871062023-04-30 11287106business:EntityNoLongerTradingButTradedInPast2023-05-012024-04-30 112871062023-05-012024-04-30 11287106business:AuditExemptWithAccountantsReport2023-05-012024-04-30 11287106business:FilletedAccounts2023-05-012024-04-30 112871062024-04-30 11287106business:Director12023-05-012024-04-30 11287106business:RegisteredOffice2023-05-012024-04-30 112871062023-04-30 11287106core:WithinOneYear2024-04-30 11287106core:WithinOneYear2023-04-30 11287106core:ShareCapitalcore:PreviouslyStatedAmount2024-04-30 11287106core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 11287106core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 11287106core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 11287106core:PreviouslyStatedAmount2024-04-30 11287106core:PreviouslyStatedAmount2023-04-30 11287106business:SmallEntities2023-05-012024-04-30 11287106countries:EnglandWales2023-05-012024-04-30 11287106core:ComputerEquipment2023-05-012024-04-30 11287106core:Goodwill2023-04-30 11287106core:Goodwill2023-05-012024-04-30 11287106core:Goodwill2024-04-30 11287106core:ComputerEquipment2023-04-30 11287106core:ComputerEquipment2024-04-30 112871062022-05-012023-04-30 iso4217:GBP xbrli:pure
Company Registration No. 11287106 (England and Wales)
Sussex Markets Ltd Unaudited accounts for the year ended 30 April 2024
Sussex Markets Ltd Unaudited accounts Contents
Page
- 2 -
Sussex Markets Ltd Company Information for the year ended 30 April 2024
Director
P Denyer
Company Number
11287106 (England and Wales)
Registered Office
1 The Glen Worthing West Sussex BN13 2AD England
Accountants
Darling & Co 1 The Glen Worthing West Sussex BN13 2AD
- 3 -
Sussex Markets Ltd Accountants' report
Accountants' report to the director of Sussex Markets Ltd on the preparation of the unaudited statutory accounts for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Sussex Markets Ltd for the year ended 30 April 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Sussex Markets Ltd, as a body, in accordance with the terms of our engagement letter dated 28 April 2018. Our work has been undertaken solely to prepare for your approval the accounts of Sussex Markets Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sussex Markets Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Sussex Markets Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Sussex Markets Ltd. You consider that Sussex Markets Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Sussex Markets Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Darling & Co 1 The Glen Worthing West Sussex BN13 2AD 11 October 2024
- 4 -
Sussex Markets Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
- 
7,215 
Tangible assets
- 
122 
- 
7,337 
Current assets
Inventories
- 
13,230 
Debtors
933 
2,348 
Cash at bank and in hand
302 
15,248 
1,235 
30,826 
Creditors: amounts falling due within one year
(1,791)
(23,776)
Net current (liabilities)/assets
(556)
7,050 
Net (liabilities)/assets
(556)
14,387 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(656)
14,287 
Shareholders' funds
(556)
14,387 
For the year ending 30 April 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 his 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 11 October 2024 and were signed on its behalf by
P Denyer Director Company Registration No. 11287106
- 5 -
Sussex Markets Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Sussex Markets Ltd is a private company, limited by shares, registered in England and Wales, registration number 11287106. The registered office is 1 The Glen, Worthing, West Sussex, BN13 2AD, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Computer equipment
over ten years
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2023
27,097 
Disposals
(27,097)
At 30 April 2024
- 
Amortisation
At 1 May 2023
19,882 
On disposals
(19,882)
At 30 April 2024
- 
Net book value
At 30 April 2024
- 
At 30 April 2023
7,215 
- 6 -
Sussex Markets Ltd Notes to the Accounts for the year ended 30 April 2024
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 May 2023
200 
Disposals
(200)
At 30 April 2024
- 
Depreciation
At 1 May 2023
78 
On disposals
(78)
At 30 April 2024
- 
Net book value
At 30 April 2024
- 
At 30 April 2023
122 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
216 
2,348 
Other debtors
717 
- 
933 
2,348 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
470 
Taxes and social security
394 
2,932 
Other creditors
995 
2,876 
Loans from directors
402 
17,429 
Accruals
- 
69 
1,791 
23,776 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 7 -