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REGISTERED NUMBER: 10703154 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Sandhaven Business Ltd

Sandhaven Business Ltd (Registered number: 10703154)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sandhaven Business Ltd

Company Information
for the Year Ended 31 August 2024







DIRECTOR: M P Bennett





REGISTERED OFFICE: Unit 9
Front Street Industrial Estate
Shotton Colliery
County Durham
DH6 2ND





REGISTERED NUMBER: 10703154 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

Sandhaven Business Ltd (Registered number: 10703154)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,186 5,662

CURRENT ASSETS
Stocks 5 509,106 460,092
Debtors 6 8,832 9,000
Cash at bank and in hand 28,307 5,038
546,245 474,130
CREDITORS
Amounts falling due within one year 7 547,131 418,699
NET CURRENT (LIABILITIES)/ASSETS (886 ) 55,431
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,300

61,093

CREDITORS
Amounts falling due after more than one
year

8

(7,464

)

(17,498

)

PROVISIONS FOR LIABILITIES 10 (8,208 ) (1,334 )
NET ASSETS 16,628 42,261

CAPITAL AND RESERVES
Called up share capital 11 1 1
Retained earnings 16,627 42,260
SHAREHOLDERS' FUNDS 16,628 42,261

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Sandhaven Business Ltd (Registered number: 10703154)

Balance Sheet - continued
31 August 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2025 and were signed by:





M P Bennett - Director


Sandhaven Business Ltd (Registered number: 10703154)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Sandhaven Business 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.

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.

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 consistently applied within the same accounts.

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

Income recognition
Income is recognised when goods are made available to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 20% on cost

Tangible fixed assets are held at cost less accumulated depreciation and impairments.

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

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 6 (2023 - 6 ) .

Sandhaven Business Ltd (Registered number: 10703154)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2023 8,963 2,700 - 11,663
Additions - - 35,000 35,000
At 31 August 2024 8,963 2,700 35,000 46,663
DEPRECIATION
At 1 September 2023 4,094 1,907 - 6,001
Charge for year 1,344 405 5,727 7,476
At 31 August 2024 5,438 2,312 5,727 13,477
NET BOOK VALUE
At 31 August 2024 3,525 388 29,273 33,186
At 31 August 2023 4,869 793 - 5,662

5. STOCKS
2024 2023
£    £   
Stocks 509,106 460,092

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 8,832 9,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 12,409
Other loans 63,726 -
Trade creditors 9,051 -
Taxation and social security 45,074 28,557
Other creditors 369,280 303,733
Directors' current accounts 50,000 50,000
Accruals and deferred income - 24,000
547,131 418,699

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 7,464 10,000
Bank loans - 2-5 years - 7,498
7,464 17,498

Sandhaven Business Ltd (Registered number: 10703154)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Stocking loan 228,996 221,700

Fixed charges are held over the stock items in which they relate to.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 8,208 1,334

Deferred
tax
£   
Balance at 1 September 2023 1,334
Accelerated capital allowances 6,874
Balance at 31 August 2024 8,208

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £0.01 1 1
6 Ordinary A £0.01 - -
1 1

12. RELATED PARTY DISCLOSURES

Included in other creditors is loan from the director, no interest has been charged and there are no set repayment terms.