IRIS Accounts Production v25.1.4.42 08738041 director 1.11.23 31.10.24 31.10.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh087380412023-10-31087380412024-10-31087380412023-11-012024-10-31087380412022-10-31087380412022-11-012023-10-31087380412023-10-3108738041ns15:EnglandWales2023-11-012024-10-3108738041ns14:PoundSterling2023-11-012024-10-3108738041ns10:Director12023-11-012024-10-3108738041ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3108738041ns10:SmallEntities2023-11-012024-10-3108738041ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3108738041ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3108738041ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3108738041ns10:FullAccounts2023-11-012024-10-3108738041ns10:RegisteredOffice2023-11-012024-10-3108738041ns5:CurrentFinancialInstruments2024-10-3108738041ns5:CurrentFinancialInstruments2023-10-3108738041ns5:ShareCapital2024-10-3108738041ns5:ShareCapital2023-10-3108738041ns5:RetainedEarningsAccumulatedLosses2024-10-3108738041ns5:RetainedEarningsAccumulatedLosses2023-10-3108738041ns5:PlantMachinery2023-11-012024-10-3108738041ns5:MotorVehicles2023-11-012024-10-3108738041ns5:ComputerEquipment2023-11-012024-10-3108738041ns5:PlantMachinery2023-10-3108738041ns5:MotorVehicles2023-10-3108738041ns5:ComputerEquipment2023-10-3108738041ns5:PlantMachinery2024-10-3108738041ns5:MotorVehicles2024-10-3108738041ns5:ComputerEquipment2024-10-3108738041ns5:PlantMachinery2023-10-3108738041ns5:MotorVehicles2023-10-3108738041ns5:ComputerEquipment2023-10-3108738041ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3108738041ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-31
REGISTERED NUMBER: 08738041 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

SUFFOLK SEALANTS LIMITED

SUFFOLK SEALANTS LIMITED (REGISTERED NUMBER: 08738041)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SUFFOLK SEALANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: Mr S W Cutts





REGISTERED OFFICE: Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St Edmunds
Suffolk
IP28 6TZ





REGISTERED NUMBER: 08738041 (England and Wales)





ACCOUNTANTS: Twinn Accountants Limited
Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY

SUFFOLK SEALANTS LIMITED (REGISTERED NUMBER: 08738041)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,211 11,577

CURRENT ASSETS
Stocks 5 1,250 1,705
Debtors 6 59,797 70,206
Cash at bank 77,191 48,600
138,238 120,511
CREDITORS
Amounts falling due within one year 7 33,683 34,244
NET CURRENT ASSETS 104,555 86,267
TOTAL ASSETS LESS CURRENT
LIABILITIES

128,766

97,844

PROVISIONS FOR LIABILITIES 5,542 2,726
NET ASSETS 123,224 95,118

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 123,124 95,018
SHAREHOLDERS' FUNDS 123,224 95,118

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 June 2025 and were signed by:



Mr S W Cutts - Director


SUFFOLK SEALANTS LIMITED (REGISTERED NUMBER: 08738041)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Suffolk Sealants Limited 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.

2. ACCOUNTING POLICIES

Basis of preparing the 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.

Turnover
Work done is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
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
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

SUFFOLK SEALANTS LIMITED (REGISTERED NUMBER: 08738041)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

4. TANGIBLE FIXED ASSETS
Plant & Motor Office
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 9,983 20,050 2,958 32,991
Additions - 16,660 1,037 17,697
At 31 October 2024 9,983 36,710 3,995 50,688
DEPRECIATION
At 1 November 2023 6,821 12,508 2,085 21,414
Charge for year 1,050 3,795 218 5,063
At 31 October 2024 7,871 16,303 2,303 26,477
NET BOOK VALUE
At 31 October 2024 2,112 20,407 1,692 24,211
At 31 October 2023 3,162 7,542 873 11,577

5. STOCKS
2024 2023
£    £   
Stocks 1,250 1,705

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,917 35,916
Other debtors 33,503 28,304
Director's current account 216 -
VAT 2,803 5,601
Prepayments 1,358 385
59,797 70,206

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,971 2,614
Corporation tax 23,809 27,304
Other creditors 5,348 1,421
Director's current account - 60
Accrued expenses 2,555 2,845
33,683 34,244