Company Registration No. SC429246 (Scotland)
Sugplumb Ltd
Unaudited accounts
for the year ended 31 August 2024
Sugplumb Ltd
Unaudited accounts
Contents
Sugplumb Ltd
Company Information
for the year ended 31 August 2024
Directors
Stuart Harold Sugden
Lisa Anne Sugden
Company Number
SC429246 (Scotland)
Registered Office
UNIT 1 ABOYNE BUSINESS CENTRE
HUNTLY ROAD
ABOYNE
ABERDEENSHIRE
AB34 5HE
SCOTLAND
Accountants
McCreath Accountancy
Phoenix House
Phoenix Business Park
Paisley
Renfrewshire
PA1 2BH
Sugplumb Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
132,811
160,568
Debtors
1,027,010
1,069,729
Cash at bank and in hand
555,620
309,374
Creditors: amounts falling due within one year
(248,910)
(327,230)
Net current assets
1,387,744
1,091,990
Total assets less current liabilities
1,520,555
1,252,558
Creditors: amounts falling due after more than one year
(148,543)
(15,168)
Net assets
1,372,012
1,237,390
Called up share capital
100
100
Profit and loss account
1,371,912
1,237,290
Shareholders' funds
1,372,012
1,237,390
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by
Stuart Harold Sugden
Director
Company Registration No. SC429246
Sugplumb Ltd
Notes to the Accounts
for the year ended 31 August 2024
Sugplumb Ltd is a private company, limited by shares, registered in Scotland, registration number SC429246. The registered office is UNIT 1 ABOYNE BUSINESS CENTRE, HUNTLY ROAD, ABOYNE, ABERDEENSHIRE, AB34 5HE, SCOTLAND.
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.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Expenditure on research and development is written off in the year in which it is incurred.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Sugplumb Ltd
Notes to the Accounts
for the year ended 31 August 2024
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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Intangible fixed assets
Goodwill
At 1 September 2023
30,000
At 1 September 2023
30,000
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 September 2023
15,165
164,607
174,831
1,957
356,560
Additions
-
29,950
-
-
29,950
Disposals
-
(10,371)
-
-
(10,371)
At 31 August 2024
15,165
184,186
174,831
1,957
376,139
At 1 September 2023
12,133
61,252
120,683
1,924
195,992
Charge for the year
3,032
30,734
13,537
33
47,336
At 31 August 2024
15,165
91,986
134,220
1,957
243,328
At 31 August 2024
-
92,200
40,611
-
132,811
At 31 August 2023
3,032
103,355
54,148
33
160,568
Amounts falling due within one year
Trade debtors
846,866
871,248
Amounts falling due after more than one year
Other debtors
144,460
128,301
Sugplumb Ltd
Notes to the Accounts
for the year ended 31 August 2024
7
Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
15,168
5,190
Trade creditors
228,742
317,040
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
92,423
15,168
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Average number of employees
During the year the average number of employees was 0 (2023: 0).