Company registration number 05728065 (England and Wales)
David Sandham Trading Limited
UNAUDITED FINANCIAL STATEMENTS
Financial Statements
for the year ended 31 March 2025
PAGES FOR FILING WITH REGISTRAR
David Sandham Trading Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
David Sandham Trading Limited
Statement of financial position
as at 31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
3,033,281
3,205,068
Current assets
Stocks
2,704,890
2,772,000
Debtors
201,226
517,577
Cash at bank and in hand
27,178
18,873
2,933,294
3,308,450
Creditors: amounts falling due within one year
(6,441,383)
(6,404,457)
Net current liabilities
(3,508,089)
(3,096,007)
Total assets less current liabilities
(474,808)
109,061
Creditors: amounts falling due after more than one year
(380,533)
(380,310)
Net liabilities
(855,341)
(271,249)
Capital and reserves
Called up share capital
1
1
Revaluation reserve
1,380,697
1,380,697
Profit and loss reserves
(2,236,039)
(1,651,947)
Total equity
(855,341)
(271,249)
David Sandham Trading Limited
Statement of financial position (continued)
as at 31 March 2025
- 2 -

In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

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

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 14 May 2026 and are signed on its behalf by:
D Sandham
Director
Company registration number 05728065 (England and Wales)
David Sandham Trading Limited
Notes to the financial statements
for the year ended 31 March 2025
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, subject to the revaluation of freehold and leasehold property. The principal accounting policies adopted are set out below.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Not depreciated
Leasehold land and buildings
Not depreciated
Plant and equipment
15% straight line
Fixtures and fittings
15% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and net realisable value.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

David Sandham Trading Limited
Notes to the financial statements (continued)
for the year ended 31 March 2025
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
4
5
3
Tangible fixed assets
Freehold land and buildings
Leasehold land and buildings
Plant and equipment
Fixtures and fittings
Total
£
£
£
£
£
Cost or valuation
At 1 April 2024
1,845,462
650,000
1,945,071
30,110
4,470,643
Additions
93,000
-
0
10,833
-
0
103,833
Disposals
-
0
-
0
(844,959)
-
0
(844,959)
At 31 March 2025
1,938,462
650,000
1,110,945
30,110
3,729,517
Depreciation and impairment
At 1 April 2024
-
0
-
0
1,238,557
27,018
1,265,575
Depreciation charged in the year
-
0
-
0
142,708
850
143,558
Eliminated in respect of disposals
-
0
-
0
(712,897)
-
0
(712,897)
At 31 March 2025
-
0
-
0
668,368
27,868
696,236
Carrying amount
At 31 March 2025
1,938,462
650,000
442,577
2,242
3,033,281
At 31 March 2024
1,845,462
650,000
706,514
3,092
3,205,068
4
Company information

David Sandham Trading Limited is a private company limited by shares incorporated in England and Wales. The registered office is Riby Street, Grimsby, North East Lincolnshire, DN31 3HF.

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