Company Registration No. 05800455 (England and Wales)
THE SUTTON YOUNG DESIGN PARTNERSHIP LIMITED
Unaudited accounts
for the year ended 30 September 2024
THE SUTTON YOUNG DESIGN PARTNERSHIP LIMITED
Unaudited accounts
Contents
THE SUTTON YOUNG DESIGN PARTNERSHIP LIMITED
Company Information
for the year ended 30 September 2024
Directors
Mr C Byrt
Mr M Ibbison
Company Number
05800455 (England and Wales)
Registered Office
61 High Street
Chobham
Woking
Surrey
GU24 8AF
England
Accountants
Falcor BC Limited
61 High Street
Chobham
GU24 8AF
THE SUTTON YOUNG DESIGN PARTNERSHIP LIMITED
Statement of financial position
as at 30 September 2024
Tangible assets
4,883
1,865
Cash at bank and in hand
61,497
30,223
Creditors: amounts falling due within one year
(29,711)
(22,158)
Net current assets
223,315
185,231
Net assets
228,198
187,096
Called up share capital
1,021
1,021
Revaluation reserve
4,416
4,416
Profit and loss account
215,435
174,333
Shareholders' funds
228,198
187,096
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 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 20 June 2025 and were signed on its behalf by
Mr C Byrt
Director
Company Registration No. 05800455
THE SUTTON YOUNG DESIGN PARTNERSHIP LIMITED
Notes to the Accounts
for the year ended 30 September 2024
THE SUTTON YOUNG DESIGN PARTNERSHIP LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05800455. The registered office is 61 High Street, Chobham, Woking, Surrey, GU24 8AF, 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.
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion an can be estimated reliably. The stage of completion is determined by the status of the contract delivery in terms of the services provided. Revenue and costs are then recognised in the same period, any costs incurred that do not meet the stage of completion will be recognised as work in progress. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.
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:
Fixtures & fittings
20% straight line
Computer equipment
20% straight line
Work in progress is valued at the lower of cost and net realisable value.
Tax expense represents Corporation Tax payable.
Deferred Tax
The Company does not record deferred tax assets or liabilities.
Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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.
THE SUTTON YOUNG DESIGN PARTNERSHIP LIMITED
Notes to the Accounts
for the year ended 30 September 2024
The Company operates a Dividend Policy that allows distribution of profit after provision of sufficient liquidity for continuing operations.
4
Tangible fixed assets
Computer equipment
At 30 September 2024
43,961
At 30 September 2024
39,078
At 30 September 2024
4,883
At 30 September 2023
1,865
Amounts falling due within one year
Trade debtors
190,860
169,419
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
14,252
2,435
Taxes and social security
4,715
16,712
Allotted, called up and fully paid:
100,000 Ordinary shares of £0.01 each
1,000.00
1,000.00
2,142 Ordinary B shares of £0.01 each
21.42
21.42
8
Average number of employees
During the year the average number of employees was 7 (2023: 7).