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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
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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
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THE SUTTON YOUNG DESIGN PARTNERSHIP LIMITED Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,883 
1,865 
Current assets
Inventories
(4,909)
2,169 
Debtors
196,438 
174,997 
Cash at bank and in hand
61,497 
30,223 
253,026 
207,389 
Creditors: amounts falling due within one year
(29,711)
(22,158)
Net current assets
223,315 
185,231 
Net assets
228,198 
187,096 
Capital and reserves
Called up share capital
1,021 
1,021 
Share premium
7,326 
7,326 
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
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THE SUTTON YOUNG DESIGN PARTNERSHIP LIMITED Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
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.
Presentation currency
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
Work in progress is valued at the lower of cost and net realisable value.
Taxation
Tax expense represents Corporation Tax payable. Deferred Tax The Company does not record deferred tax assets or liabilities.
Foreign exchange
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.
Retirement benefits
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.
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THE SUTTON YOUNG DESIGN PARTNERSHIP LIMITED Notes to the Accounts for the year ended 30 September 2024
Dividends
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 
£ 
Cost or valuation
At cost 
At 1 October 2023
39,723 
Additions
4,238 
At 30 September 2024
43,961 
Depreciation
At 1 October 2023
37,858 
Charge for the year
1,220 
At 30 September 2024
39,078 
Net book value
At 30 September 2024
4,883 
At 30 September 2023
1,865 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
190,860 
169,419 
Other debtors
5,578 
5,578 
196,438 
174,997 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
8,303 
(2,897)
Trade creditors
14,252 
2,435 
Taxes and social security
4,715 
16,712 
Accruals
2,441 
5,908 
29,711 
22,158 
7
Share capital
2024 
2023 
£ 
£ 
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 
1,021.42 
1,021.42 
8
Average number of employees
During the year the average number of employees was 7 (2023: 7).
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