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Registered number: 05647624
Sandyplace Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Johnston Wood Roach Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 05647624
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 84,806 53,872
84,806 53,872
CURRENT ASSETS
Stocks 5 2,500 5,500
Debtors 6 101,695 40,778
Cash at bank and in hand 341,642 325,507
445,837 371,785
Creditors: Amounts Falling Due Within One Year 7 (120,496 ) (87,306 )
NET CURRENT ASSETS (LIABILITIES) 325,341 284,479
TOTAL ASSETS LESS CURRENT LIABILITIES 410,147 338,351
Creditors: Amounts Falling Due After More Than One Year 8 (32,854 ) (13,333 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (21,201 ) (9,597 )
NET ASSETS 356,092 315,421
CAPITAL AND RESERVES
Called up share capital 10 100 100
Profit and Loss Account 355,992 315,321
SHAREHOLDERS' FUNDS 356,092 315,421
Page 1
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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.
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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs Sarah Hughes
Director
16 December 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Sandyplace Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05647624 . The registered office is 24 Picton House Hussar Court, Waterlooville, Hampshire, PO7 7SQ.
The presentation currency of the financial statements is the Pound Sterling (£)
Accounts are rounded to the nearest pound.
The accounts represent the company as an individual entity.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold Over life of the lease
Plant & Machinery 15% reducing balance
Motor Vehicles 15% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 33.33% straight line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 23 (2024: 22)
23 22
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 April 2024 129,200 99,858 14,561 3,147
Additions - 9,500 38,400 -
Disposals - - (14,307 ) -
As at 31 March 2025 129,200 109,358 38,654 3,147
Depreciation
As at 1 April 2024 129,058 52,045 9,069 2,725
Provided during the period 141 8,002 3,360 64
Disposals - - (8,911 ) -
As at 31 March 2025 129,199 60,047 3,518 2,789
Net Book Value
As at 31 March 2025 1 49,311 35,136 358
As at 1 April 2024 142 47,813 5,492 422
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Computer Equipment Total
£ £
Cost
As at 1 April 2024 3,350 250,116
Additions - 47,900
Disposals - (14,307 )
As at 31 March 2025 3,350 283,709
Depreciation
As at 1 April 2024 3,347 196,244
Provided during the period 3 11,570
Disposals - (8,911 )
As at 31 March 2025 3,350 198,903
Net Book Value
As at 31 March 2025 - 84,806
As at 1 April 2024 3 53,872
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Motor Vehicles 38,400 -
5. Stocks
2025 2024
£ £
Stock 2,500 5,500
6. Debtors
2025 2024
£ £
Due within one year
Amounts owed by group undertakings 67,172 7,957
Other debtors 34,523 32,821
101,695 40,778
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 4,130 -
Trade creditors 36,329 26,783
Bank loans and overdrafts 10,000 10,000
Other loans 2,400 -
Other creditors 31,417 24,891
Taxation and social security 36,220 25,632
120,496 87,306
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 28,721 -
Bank loans 3,333 13,333
Other loans 800 -
32,854 13,333
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,130 -
Later than one year and not later than five years 28,721 -
32,851 -
32,851 -
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
11. Pension Commitments
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.
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mrs Sarah Hughes 2,843 142,899 (146,079 ) - (337 )
The above loan is unsecured, interest free and repayable on demand.
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