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Registered number: 09728322
Sandy Lane Projects Limited
ACCOUNTS
FOR THE YEAR ENDED 30/09/2024
Prepared By:
Carlington Associates Ltd
Eastwood House
Oakshade Road
Oxshott
Surrey
KT22 0JT
Sandy Lane Projects Limited
ACCOUNTS
FOR THE YEAR ENDED 30/09/2024
DIRECTORS
Colin Egan
Matthew Flack
REGISTERED OFFICE
6 Upper Mulgrave Road
Cheam
Surrey
SM2 7AZ
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09728322
ACCOUNTANTS
Carlington Associates Ltd
Eastwood House
Oakshade Road
Oxshott
Surrey
KT22 0JT
Sandy Lane Projects Limited
ACCOUNTS
FOR THEYEARENDED30/09/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Sandy Lane Projects Limited
BALANCE SHEET AT 30/09/2024
20242023
Notes££
FIXED ASSETS
Tangible assets323,73328,088
CURRENT ASSETS
Stock917,002773,097
Debtors5168,696281,553
Cash at bank and in hand123,718114,094
1,209,4161,168,744
CREDITORS: Amounts falling due within one year61,146,1421,125,257
NET CURRENT ASSETS63,27443,487
TOTAL ASSETS LESS CURRENT LIABILITIES87,00771,575
CAPITAL AND RESERVES
Called up share capital71010
Profit and loss account86,99771,565
SHAREHOLDERS' FUNDS87,00771,575
For the year ending 30/09/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 06/11/2025 and signed on their behalf by
.............................
Colin Egan
Director
.............................
Matthew Flack
Director
Sandy Lane Projects Limited
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30/09/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinerystraight line 10%
Equipmentstraight line 10%
Motor Carsstraight line 10%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20242023
No.No.
Average number of employees--
3. TANGIBLE FIXED ASSETS
Plant and
MachineryEquipmentMotor CarsTotal
££££
Cost
At 01/10/20232,0015,09244,29751,390
At 30/09/20242,0015,09244,29751,390
Depreciation
At 01/10/20231,8353,84017,62723,302
Disposals423134,0004,355
At 30/09/20241,8774,15321,62727,657
Net Book Amounts
At 30/09/202412493922,67023,733
At 30/09/20231661,25226,67028,088
Sandy Lane Projects Limited
4. STOCK 20242023
££
Stock comprises:
Work in progress917,002773,097
917,002773,097
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors78,103247,030
VAT62,05021,971
Other debtors6,3976,397
Prepayments21,8646,155
Directors current account282-
168,696281,553
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Other tax38,27412,220
Directors current account21,23021,485
Bank loans and overdrafts9,402-
Loans36,48142,735
Loans298,360437,735
Hire purchase-4,299
Trade creditors737,936595,094
Other creditors406,875
Accruals4,4194,814
1,146,1421,125,257
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
10 Ordinary shares of £1 each1010
1010
8. RELATED PARTY TRANSACTIONS
Matthew Flack is a director of the company and a director/shareholder of P.A.M Developments (SE) Ltd. P.A.M Developments (SE) Ltd is a shareholder in the company and provided loan finance to the company brought forward amounting to £20,727 which was repaid during the year. The company provided loan finance to P.A.M Developments (SE) Ltd during the year amounting to £3,553 which remained the balance at the year end. P.A.M Developments (SE) Ltd provided services to the company amounting to £111,121.
Colin Egan is a director of the company and a director/shareholder of Halogen (SE) Limited which supplied services to the company to the value of £103,568 and purchased services from the company amounting to £3,591. Halogen (SE) Limited provided loan finance to the company brought forward amounting to £14,000 which was repaid during the year. The company provided a loan to Halogen (SE) Limited amounting to £1,000 which remained the balance at the year end.
Colin Egan and Matthew Flack are also director/shareholders of MAC Developments (Cheam) Ltd which provided loan finance to the company brought forward amounting to £17,650 which remained the balance at the year end. The company provided services to the MAC Developments (Cheam) Ltd amounting to £621,580. Colin Egan and Matthew Flack are also director/shareholders of MAC Developments (Woodcote) Ltd which provided loan finance to the company brought forward amounting to £385,358 and during the year £100,095 was repaid, making the balance at the year end £285,263.