Company Registration No. 04293929 (England and Wales)
Susan Wainwright Limited
Unaudited accounts
for the year ended 30 September 2024
Susan Wainwright Limited
Unaudited accounts
Contents
Susan Wainwright Limited
Company Information
for the year ended 30 September 2024
Director
Susan Claire Wainwright
Company Number
04293929 (England and Wales)
Registered Office
17 Hertford Avenue
London
London
SW14 8EF
England
Accountants
H A Burton, Chartered Accountants
17 Hertford Avenue
London
SW14 8EF
Susan Wainwright Limited
Statement of financial position
as at 30 September 2024
Cash at bank and in hand
304,859
297,654
Creditors: amounts falling due within one year
(103,918)
(111,523)
Net current assets
329,009
201,594
Net assets
329,049
201,910
Called up share capital
1
1
Profit and loss account
329,048
201,909
Shareholders' funds
329,049
201,910
For the year ending 30 September 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 16 April 2025 and were signed on its behalf by
Susan Claire Wainwright
Director
Company Registration No. 04293929
Susan Wainwright Limited
Notes to the Accounts
for the year ended 30 September 2024
Susan Wainwright Limited is a private company, limited by shares, registered in England and Wales, registration number 04293929. The registered office is 17 Hertford Avenue, London, London, SW14 8EF, 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.
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.
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, as follows:
Fixtures & fittings
20% Straight line
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost include all costs incurred in bringing the stocks to their present location and condition. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
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 financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future.
The validity of this assumption depends on the company being able to trade profitably in the future and the continued support of the company's director who is also a shareholder. The financial statements do not include any adjustments that would result if the company continued to make losses and such support were withdrawn. If the company was unable to continue to trade, adjustments would have to be made to reduce the value of assets to their recoverable amounts, provide for further liabilities that may arise and to reclassify fixed assets and long term liabilities as current assets and liabilities. The shareholder and director has expressed her willingness to continue supporting the company for the foreseeable future and hence it is appropriate for the financial statements to be prepared on a going concern basis.
Susan Wainwright Limited
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 October 2023
12,000
32,891
44,891
At 30 September 2024
12,000
32,891
44,891
At 1 October 2023
12,000
32,575
44,575
Charge for the year
-
276
276
At 30 September 2024
12,000
32,851
44,851
At 30 September 2024
-
40
40
At 30 September 2023
-
316
316
Amounts falling due within one year
Accrued income and prepayments
55,000
-
Other debtors
16,436
2,300
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
10,624
38,869
Taxes and social security
90,294
48,473
Loans from directors
-
361
7
Average number of employees
During the year the average number of employees was 5 (2023: 6).