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Registered number: 04174002
Sandstones Europe Ltd.
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 04174002
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 7,118 5,323
7,118 5,323
CURRENT ASSETS
Debtors 19,807 19,321
Cash at bank and in hand 204,683 189,493
224,490 208,814
Creditors: Amounts Falling Due Within One Year (172,923 ) (172,323 )
NET CURRENT ASSETS (LIABILITIES) 51,567 36,491
TOTAL ASSETS LESS CURRENT LIABILITIES 58,685 41,814
PROVISIONS FOR LIABILITIES
Deferred Taxation (1,352 ) (1,011 )
NET ASSETS 57,333 40,803
CAPITAL AND RESERVES
Called up share capital 1,010 1,010
Profit and Loss Account 56,323 39,793
SHAREHOLDERS' FUNDS 57,333 40,803
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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 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.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 August 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
L Wright
Director
18th March 2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Sandstones Europe Ltd. is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
The presentation currency of the financial statements is the Pound Sterling (£).
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The director has reviewed the ongoing situation with COVID-19 and consider it reasonable to prepare the financial statements on a going concern basis. The director expects that the company will continue trading as usual during the course of the pandemic and therefore has no significant concern as to the company's ability to continue trading for the next 12 months.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
The stage of completion of any work outstanding at the balance sheet date is allocated into each accounting period.
2.3. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & Machinery 25% on reducing balance and 15% on reducing balace
Fixtures & Fittings 15% Reducing Balance
Computer Equipment 25% Reducing Balance
2.4. Foreign Currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
2.5. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.6. Investments in associates
Investments in associate undertakings are recognised at cost.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Tangible Assets
Total
£
Cost
As at 1 September 2023 41,887
Additions 3,713
As at 31 August 2024 45,600
Depreciation
As at 1 September 2023 36,564
Provided during the period 1,918
As at 31 August 2024 38,482
Net Book Value
As at 31 August 2024 7,118
As at 1 September 2023 5,323
5. Investments
Total
£
Cost
As at 1 September 2023 3,300
As at 31 August 2024 3,300
Provision
As at 1 September 2023 3,300
As at 31 August 2024 3,300
Net Book Value
As at 31 August 2024 -
As at 1 September 2023 -
The investment of £3,300 represents the investment in an associate company and is recorded at cost as the market value of the investments approximates to the cost value.
6. Ultimate Controlling Party
The parent company is Sandstones Limited, a company incorporated and registered in England. Copies of the financial statements for the parent undertaking can be obtained from 2 Station Road West, Oxted, Surrey, RH8 9EP. The ultimate controlling party is Mrs L S C Wright.
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