Sheridan Brooks Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03061161

Sheridan Brooks Limited

Filleted Unaudited Financial Statements

31 March 2025

Sheridan Brooks Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6		364	812

Current assets

Debtors	7	78,376	57,307
Cash at bank and in hand		132,402	120,045
		---------	---------
		210,778	177,352

Creditors: amounts falling due within one year	8	86,775		78,055
		---------		---------
Net current assets			124,003	99,297
			---------	---------
Total assets less current liabilities			124,367	100,109

Provisions

Taxation including deferred tax	38	156
	---------	---------
Net assets	124,329	99,953
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	124,229	99,853
	---------	--------
Shareholders funds	124,329	99,953
	---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Sheridan Brooks Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 10 December 2025 , and are signed on behalf of the board by:

A P Sheridan	S S Jackson
Director	Director

Company registration number: 03061161

Sheridan Brooks Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 176 Brighton Road, Coulsdon, Surrey, CR5 2NF, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Corporation tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Office equipment	-	25% straight line

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	10,000
	--------
Amortisation
At 1 April 2024 and 31 March 2025	10,000
	--------
Carrying amount
At 31 March 2025	–
	--------
At 31 March 2024	–
	--------

6. Tangible assets

	Equipment	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	21,119	21,119
	--------	--------
Depreciation
At 1 April 2024	20,307	20,307
Charge for the year	448	448
	--------	--------
At 31 March 2025	20,755	20,755
	--------	--------
Carrying amount
At 31 March 2025	364	364
	--------	--------
At 31 March 2024	812	812
	--------	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	59,330	27,300
Other debtors	19,046	30,007
	--------	--------
	78,376	57,307
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	20,876	16,857
Social security and other taxes	24,102	16,622
Other creditors	41,797	44,576
	--------	--------
	86,775	78,055
	--------	--------

9. Directors' advances, credits and guarantees

At the year end the following amounts were payable to the directors: A Sheridan £36,474(2024: £29,918) S Jackson £4,903(2024: £14,385) These amounts are included in creditors.