Company registration number 09735802 (England and Wales)
SYDHAM RESTORATION LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
PAGES FOR FILING WITH REGISTRAR
SYDHAM RESTORATION LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
SYDHAM RESTORATION LIMITED
BALANCE SHEET
AS AT 31 AUGUST 2024
31 August 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
175,417
162,231
Current assets
Stocks
1,010,106
918,810
Debtors
4
2,340
2,382
Cash at bank and in hand
3,425
111
1,015,871
921,303
Creditors: amounts falling due within one year
5
(1,356,051)
(1,226,482)
Net current liabilities
(340,180)
(305,179)
Net liabilities
(164,763)
(142,948)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(164,765)
(142,950)
Total equity
(164,763)
(142,948)

For the financial year ended 31 August 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 21 May 2025 and are signed on its behalf by:
Mr A J Cass
Director
Company registration number 09735802 (England and Wales)
SYDHAM RESTORATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
- 2 -
1
Accounting policies
Company information

Sydham Restoration Limited is a private company limited by shares incorporated in England and Wales. The registered office is UK Restoration, Sydham Farm, Chulmleigh, Devon, EX18 7EA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The company meets its day to day working capital requirements through loans from its directors and a related party. There is no expectation of these loans being repaid until the company is able to generate sufficient cash from its trading activities. On the basis of the continuing financial support of the directors and other related parties, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that would result from a withdrawal of these loans.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
2% per annum on cost
Plant and equipment
6.67 - 20% per annum on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

SYDHAM RESTORATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
1
Accounting policies
(Continued)
- 3 -
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 September 2023
154,899
46,112
201,011
Additions
21,027
-
0
21,027
At 31 August 2024
175,926
46,112
222,038
Depreciation and impairment
At 1 September 2023
12,298
26,482
38,780
Depreciation charged in the year
3,306
4,535
7,841
At 31 August 2024
15,604
31,017
46,621
Carrying amount
At 31 August 2024
160,322
15,095
175,417
At 31 August 2023
142,601
19,630
162,231
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
2,340
2,382
SYDHAM RESTORATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
286
-
0
Other creditors
1,355,765
1,226,482
1,356,051
1,226,482
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