IRIS Accounts Production v25.2.0.378 00518852 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh005188522023-12-31005188522024-12-31005188522024-01-012024-12-31005188522022-12-31005188522023-01-012023-12-31005188522023-12-3100518852ns15:EnglandWales2024-01-012024-12-3100518852ns14:PoundSterling2024-01-012024-12-3100518852ns10:Director12024-01-012024-12-3100518852ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3100518852ns10:SmallEntities2024-01-012024-12-3100518852ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3100518852ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3100518852ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3100518852ns10:FullAccounts2024-01-012024-12-3100518852ns10:Director22024-01-012024-12-3100518852ns10:Director32024-01-012024-12-3100518852ns10:Director42024-01-012024-12-3100518852ns10:Director52024-01-012024-12-3100518852ns10:CompanySecretary12024-01-012024-12-3100518852ns10:RegisteredOffice2024-01-012024-12-3100518852ns5:CurrentFinancialInstruments2024-12-3100518852ns5:CurrentFinancialInstruments2023-12-3100518852ns5:Non-currentFinancialInstruments2024-12-3100518852ns5:Non-currentFinancialInstruments2023-12-3100518852ns5:ShareCapital2024-12-3100518852ns5:ShareCapital2023-12-3100518852ns5:RevaluationReserve2024-12-3100518852ns5:RevaluationReserve2023-12-3100518852ns5:CapitalRedemptionReserve2024-12-3100518852ns5:CapitalRedemptionReserve2023-12-3100518852ns5:FurtherSpecificReserve1ComponentTotalEquity2024-12-3100518852ns5:FurtherSpecificReserve1ComponentTotalEquity2023-12-3100518852ns5:RetainedEarningsAccumulatedLosses2024-12-3100518852ns5:RetainedEarningsAccumulatedLosses2023-12-3100518852ns5:FurnitureFittings2024-01-012024-12-3100518852ns5:MotorVehicles2024-01-012024-12-3100518852ns5:ComputerEquipment2024-01-012024-12-3100518852ns5:LandBuildings2023-12-3100518852ns5:FurnitureFittings2023-12-3100518852ns5:MotorVehicles2023-12-3100518852ns5:ComputerEquipment2023-12-3100518852ns5:LandBuildings2024-01-012024-12-3100518852ns5:LandBuildings2024-12-3100518852ns5:FurnitureFittings2024-12-3100518852ns5:MotorVehicles2024-12-3100518852ns5:ComputerEquipment2024-12-3100518852ns5:LandBuildings2023-12-3100518852ns5:FurnitureFittings2023-12-3100518852ns5:MotorVehicles2023-12-3100518852ns5:ComputerEquipment2023-12-3100518852ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3100518852ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3100518852ns5:Secured2024-12-3100518852ns5:Secured2023-12-3100518852ns5:RevaluationReserve2023-12-31
REGISTERED NUMBER: 00518852 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Sweetman & Sons Limited

Sweetman & Sons Limited (Registered number: 00518852)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sweetman & Sons Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: R A Sweetman
R N Sweetman
M A Gutowski - Sweetman
A K Sweetman
G Sweetman





SECRETARY: R N Sweetman





REGISTERED OFFICE: 2 Wyevale Business Park
Kings Acre
Hereford
Herefordshire
HR4 7BS





REGISTERED NUMBER: 00518852 (England and Wales)





ACCOUNTANTS: Thorne Widgery Accountancy Ltd
Chartered Accountants
2 Wyevale Business Park
Kings Acre
Hereford
Herefordshire
HR4 7BS

Sweetman & Sons Limited (Registered number: 00518852)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 703,704 704,172

CURRENT ASSETS
Debtors 5 1,591,126 1,829,078
Cash at bank 88,884 70,900
1,680,010 1,899,978
CREDITORS
Amounts falling due within one year 6 (191,103 ) (145,204 )
NET CURRENT ASSETS 1,488,907 1,754,774
TOTAL ASSETS LESS CURRENT LIABILITIES 2,192,611 2,458,946

CREDITORS
Amounts falling due after more than one
year

7

(666,161

)

(721,124

)
NET ASSETS 1,526,450 1,737,822

CAPITAL AND RESERVES
Called up share capital 9,175 12,000
Revaluation reserve 9 322,310 322,310
Capital redemption reserve 2,825 -
Special reserve 2,000 2,000
Retained earnings 1,190,140 1,401,512
SHAREHOLDERS' FUNDS 1,526,450 1,737,822

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

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

The directors acknowledge their 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.

Sweetman & Sons Limited (Registered number: 00518852)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2025 and were signed on its behalf by:





R N Sweetman - Director


Sweetman & Sons Limited (Registered number: 00518852)

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

1. STATUTORY INFORMATION

Sweetman & Sons 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
Turnover 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.
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 33% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 3 ) .

Sweetman & Sons Limited (Registered number: 00518852)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2024
and 31 December 2024 719,254 6,932 9,500 2,381 738,067
DEPRECIATION
At 1 January 2024 16,948 6,891 7,716 2,340 33,895
Charge for year - 9 446 13 468
At 31 December 2024 16,948 6,900 8,162 2,353 34,363
NET BOOK VALUE
At 31 December 2024 702,306 32 1,338 28 703,704
At 31 December 2023 702,306 41 1,784 41 704,172

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 80,435 99,789
Other debtors 1,510,691 1,729,289
1,591,126 1,829,078

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 55,000 55,000
Trade creditors (807 ) 4,480
Taxation and social security 64,035 14,916
Other creditors 72,875 70,808
191,103 145,204

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans 666,161 721,124

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 446,161 501,124

Sweetman & Sons Limited (Registered number: 00518852)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank loans 721,161 776,124

9. RESERVES
Revaluation
reserve
£   
At 1 January 2024
and 31 December 2024 322,310