Sacred Grounds (Exeter) Ltd - Filleted accounts

Registered number

11482559

Sacred Grounds (Exeter) Ltd

Unaudited Filleted Accounts

31 March 2026

Sacred Grounds (Exeter) Ltd
Registered number:		11482559
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		20,709			26,596

Current assets
Stocks		8,249			8,730
Debtors	4	23,322			18,843
Cash at bank and in hand		18,764			15,251
		50,335			42,824

Creditors: amounts falling due within one year	5	(28,507)			(24,332)

Net current assets			21,828			18,492

Total assets less current liabilities			42,537			45,088

Creditors: amounts falling due after more than one year	6		(9,364)			(14,931)

Provisions for liabilities			(3,935)			(5,053)


Net assets			29,238			25,104

Capital and reserves
Called up share capital			100			100
Profit and loss account			29,138			25,004

Shareholders' funds			29,238			25,104

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr N Maker
Director
Approved by the board on 18 May 2026

Sacred Grounds (Exeter) Ltd
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are presented in sterling which is the functional currency of the company and are rounded to the nearest £.

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Land and buildings			25% straight line
	Plant and machinery			25% straight line
	Motor vehicles			20% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors and creditors receivable/payable within one year
	Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss in other administrative expenses.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					10		11


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2025	2,626		24,546		29,984		57,156
	Additions	-		1,876		-		1,876
	Disposals	-		(2,025)		-		(2,025)
	At 31 March 2026	2,626		24,397		29,984		57,007

	Depreciation
	At 1 April 2025	2,626		17,140		10,794		30,560
	Charge for the year	-		3,287		3,838		7,125
	On disposals	-		(1,387)		-		(1,387)
	At 31 March 2026	2,626		19,040		14,632		36,298

	Net book value
	At 31 March 2026	-		5,357		15,352		20,709
	At 31 March 2025	-		7,406		19,190		26,596


4	Debtors					2026		2025
£							£

	Other debtors					23,322		18,843


5	Creditors: amounts falling due within one year					2026		2025
£							£

	Obligations under finance lease and hire purchase contracts					5,567		5,026
	Trade creditors					2,175		2,505
	Taxation and social security costs					18,555		16,328
	Other creditors					2,210		473
						28,507		24,332


6	Creditors: amounts falling due after one year					2026		2025
£							£

	Obligations under finance lease and hire purchase contracts					9,364		14,931


7	Other financial commitments					2026		2025
£							£

	Total future minimum payments under non-cancellable operating leases					23,333		33,333


8	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£

	Director
	Interest paid at HMRC's official rate	8,922		13,467		(11,068)		11,321

	Director
	Interest paid at HMRC's official rate	8,773		13,667		(11,068)		11,372

		17,695		27,134		(22,136)		22,693


9	Other information

	Sacred Grounds (Exeter) Ltd is a private company limited by shares and incorporated in England. Its registered office is:

	Unit 22, Mccoys Arcade
	Fore Street
	Exeter
	Devon
	EX4 3AN