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Sands and Associates Ltd

Abridged Unaudited Financial Statements

for the financial year ended 31 December 2024

Sands and Associates Ltd

DIRECTORS' REPORT

for the financial year ended 31 December 2024

The directors present their report and the unaudited financial statements for the financial year ended 31 December 2024.

Directors

The directors who served during the financial year are as follows:

Mr Simon Eriera

Mr Paul Wash

There were no changes in shareholdings between 31 December 2024 and the date of signing the financial statements.

In accordance with the Constitution, the directors retire by rotation and, being eligible, offer themselves for re-election.

Political Contributions

The company did not make any disclosable political donations in the current financial year.

Statement of Directors' Responsibilities

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law) including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A (Small Entities). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

■ | select suitable accounting policies and apply them consistently;
■ | make judgements and accounting estimates that are reasonable and prudent;
■ | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Special provisions relating to small companies

The above report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

On behalf of the board

___________________________

Mr Simon Eriera

Director

___________________________

Mr Paul Wash

Director

18 September 2025

Sands and Associates Ltd

ABRIDGED PROFIT AND LOSS ACCOUNT

for the financial year ended 31 December 2024

|  | 2024 |  | 2023
| Notes | £ |  | £

Gross profit |  | 1,699 |  | 2,647
Administrative expenses |  | (3,205) |  | (3,295)
|  | ───────── |  | ─────────
Operating loss |  | (1,506) |  | (648)
Exceptional items |  | (12,326) |  | -
|  | ───────── |  | ─────────
Loss before taxation |  | (13,832) |  | (648)
Tax on loss |  | - |  | -
|  | ───────── |  | ─────────
Loss for the financial year |  | (13,832) |  | (648)
|  | ───────── |  | ─────────
Total comprehensive income |  | (13,832) |  | (648)
|  | ═════════ |  | ═════════

Sands and Associates Ltd

Company Registration Number: 04616053

ABRIDGED BALANCE SHEET

as at 31 December 2024

|  |  | 2024 |  | 2023
|  | Notes | £ |  | £
Fixed Assets

Tangible assets |  | 4 | - |  | 488
|  |  | ───────── |  | ─────────
Current Assets

Debtors |  |  | 32,229 |  | 51,155
Creditors: amounts falling due within one year |  |  | (1,053) |  | (6,635)
|  |  | ───────── |  | ─────────
Net Current Assets |  |  | 31,176 |  | 44,520
|  |  | ───────── |  | ─────────
Total Assets less Current Liabilities |  |  | 31,176 |  | 45,008
|  |  | ═════════ |  | ═════════
Capital and Reserves

Called up share capital |  |  | 100 |  | 100
Retained earnings |  |  | 31,076 |  | 44,908
|  |  | ───────── |  | ─────────
Equity attributable to owners of the company |  |  | 31,176 |  | 45,008
|  |  | ═════════ |  | ═════════
The financial statements have been prepared 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).

All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 18 September 2025 and signed on its behalf by

________________________________ |  |  |  |  |
Mr Simon Eriera |  |  |  |  |
Director |  |  |  |  |
________________________________

Mr Paul Wash

Director

Sands and Associates Ltd

STATEMENT OF CHANGES IN EQUITY

as at 31 December 2024

| Called up | Retained | Total
| share | earnings |
| capital |  |
| £ | £ | £
At 1 January 2023 | - | 45,757 | 45,757
| ───────── | ───────── | ─────────
Loss for the financial year | - | (648) | (648)
| ───────── | ───────── | ─────────
Payment of dividends | - | (201) | (201)
| ───────── | ───────── | ─────────
At 31 December 2023 | 100 | 44,908 | 45,008
| ───────── | ───────── | ─────────
Loss for the financial year | - | (13,832) | (13,832)
| ───────── | ───────── | ─────────
At 31 December 2024 | 100 | 31,076 | 31,176
| ═════════ | ═════════ | ═════════

Sands and Associates Ltd

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

for the financial year ended 31 December 2024

1. | General Information
| Sands and Associates Ltd is a company limited by shares incorporated and registered in England. The registered number of the company is 04616053. The registered office of the company is 61 St. Thomas Street,, Weymouth, Dorset, DT4 8EQ, United Kingdom which is also the principal place of business of the company. Financial Adviser The financial statements have been presented in Pound (£) which is also the functional currency of the company.

2. | Summary of Significant Accounting Policies
| The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
| Statement of compliance
| The financial statements of the company for the financial year ended 31 December 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
| Basis of preparation
| The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
| Turnover
| Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
| Tangible assets and depreciation
| Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
|  | Plant and machinery | - | 15% Straight line
|  | Fixtures, fittings and equipment | - | 15% Straight line
| The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
| Trade and other debtors
| Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
| Borrowing costs
| Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
| Trade and other creditors
| Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
| Employee benefits
| The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
| Taxation
| Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
| Foreign currencies
| Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
| Ordinary share capital
| The ordinary share capital of the company is presented as equity.
| Exceptional item
| Exceptional items are those that the directors' view are required to be separately disclosed by virtue of their size or incidence to enable a full understanding of the company's financial performance.

3. | Employees
| The average monthly number of employees, including directors, during the financial year was 2, (2023 - 2).
|  | 2024 | 2023
|  | Number | Number
| Management | 2 | 2
|  | ═════════ | ═════════

4. | Tangible assets
|  | Plant and | Fixtures, | Total
|  | machinery | fittings and |
|  |  | equipment |
|  | £ | £ | £
| Cost
| At 1 January 2024 | 19,805 | 4,668 | 24,473
| Disposals | (19,805) | (4,668) | (24,473)
|  | ───────── | ───────── | ─────────
| At 31 December 2024 | - | - | -
|  | ───────── | ───────── | ─────────
| Depreciation
| At 1 January 2024 | 19,431 | 4,554 | 23,985
| On disposals | (19,431) | (4,554) | (23,985)
|  | ───────── | ───────── | ─────────
| At 31 December 2024 | - | - | -
|  | ───────── | ───────── | ─────────
| Net book value
| At 31 December 2024 | - | - | -
|  | ═════════ | ═════════ | ═════════
| At 31 December 2023 | 374 | 114 | 488
|  | ═════════ | ═════════ | ═════════

5. | Capital commitments
| The company had no material capital commitments at the financial year-ended 31 December 2024.

6. | Post-Balance Sheet Events
| There have been no significant events affecting the company since the financial year-end.