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Registered number: 08865745
Supplied To You Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2025
KEW Accountants & Tax Specialists Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08865745
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 203,279 198,130
Investment Properties 5 250,000 209,433
453,279 407,563
CURRENT ASSETS
Stocks 6 778,818 724,370
Debtors 7 225,512 298,543
Cash at bank and in hand 449,467 308,198
1,453,797 1,331,111
Creditors: Amounts Falling Due Within One Year 8 (188,674 ) (217,730 )
NET CURRENT ASSETS (LIABILITIES) 1,265,123 1,113,381
TOTAL ASSETS LESS CURRENT LIABILITIES 1,718,402 1,520,944
PROVISIONS FOR LIABILITIES
Deferred Taxation (25,765 ) (13,175 )
NET ASSETS 1,692,637 1,507,769
CAPITAL AND RESERVES
Called up share capital 9 102 102
Fair value reserve 10 (49,254 ) -
Profit and Loss Account 1,741,789 1,507,667
SHAREHOLDERS' FUNDS 1,692,637 1,507,769
Page 1
Page 2
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr J Kirkbright
Director
01/05/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Supplied To You Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08865745 . The registered office is 9 The Foxes, Sutton Hill, Telford, Shropshire, TF7 4NH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% Reducing Balance and 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
Fixtures & Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
2.4. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.6. Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost or Valuation
As at 1 February 2024 - 138,135 60,542 206,460 405,137
Additions 29,540 135 10,587 12,270 52,532
As at 31 January 2025 29,540 138,270 71,129 218,730 457,669
Depreciation
As at 1 February 2024 - 49,106 23,913 133,988 207,007
Provided during the period 3,158 17,833 9,443 16,949 47,383
As at 31 January 2025 3,158 66,939 33,356 150,937 254,390
Net Book Value
As at 31 January 2025 26,382 71,331 37,773 67,793 203,279
As at 1 February 2024 - 89,029 36,629 72,472 198,130
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5. Investment Property
2025
£
Fair Value
As at 1 February 2024 211,548
Additions 89,822
Depreciation and impairment -
Fair value adjustments (51,370 )
As at 31 January 2025 250,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 301,369 211,548
Accumulated depreciation and impairment 5,108 2,115
Carrying amount 296,261 209,433
Under the historical cost accounting rules investment property would have been depreciated at a rate of 1% on a reducing balance basis.
6. Stocks
2025 2024
£ £
Stock 778,818 724,370
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 14,547 75,034
Prepayments and accrued income 4,678 1,230
PAYE control account - 7
19,225 76,271
Due after more than one year
Other debtors 206,287 222,272
225,512 298,543
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8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 35,612 153,722
Corporation tax 93,533 44,189
PAYE control account 5,357 -
VAT control account 26,725 5,738
Wages control account 11,043 7,408
Pension control account 257 -
Capital On Tap 13,013 -
Accruals 2,748 2,629
Director's loan account 386 4,044
188,674 217,730
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 102 102
10. Reserves
Fair Value Reserve
£
Transfer to profit and loss (49,254 )
As at 31 January 2025 (49,254 )
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