Registration number: 10430397

Sooty's and Sweep's Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Statement of Changes in Equity	4
Notes to the Financial Statements	5 to 10

Sooty's and Sweep's Ltd

Company Information

Directors

Mr Peter Anthony Dixon Mr David Martin Williams Dane Procter Sarah Ruth Baxter

Registered office

Suite G10 3 Southport Business Park Wight Moss Way Southport PR8 4HQ

Accountants

Williams & Co Accountants Suite G10 3 Southport Business Park Wight Moss Way Southport PR8 4HQ

Sooty's and Sweep's Ltd

(Registration number: 10430397)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	-	6
Tangible assets	5	2,151,312	2,088,790
		2,151,312	2,088,796
Current assets
Stocks	6	298,124	163,662
Debtors	7	31,294	100
Cash at bank and in hand		10,732	4,348
		340,150	168,110
Creditors: Amounts falling due within one year	8	(650,858)	(582,825)
Net current liabilities		(310,708)	(414,715)
Total assets less current liabilities		1,840,604	1,674,081
Creditors: Amounts falling due after more than one year	8	(507,397)	(352,564)
Net assets		1,333,207	1,321,517
Capital and reserves
Called up share capital	9	100	100
Revaluation reserve		1,200,000	1,200,000
Retained earnings		133,107	121,417
Shareholders' funds		1,333,207	1,321,517

Sooty's and Sweep's Ltd

(Registration number: 10430397)
Balance Sheet as at 31 December 2025

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 16 September 2026 and signed on its behalf by:
 

......................................... Mr David Martin Williams Director

Sooty's and Sweep's Ltd

Statement of Changes in Equity for the Year Ended 31 December 2025

	Share capital £	Revaluation reserve £	Retained earnings £	Total £
At 1 January 2025	100	1,200,000	121,417	1,321,517
Profit for the year	-	-	11,690	11,690
At 31 December 2025	100	1,200,000	133,107	1,333,207

	Share capital £	Revaluation reserve £	Retained earnings £	Total £
At 1 January 2024	100	-	172,291	172,391
Loss for the year	-	-	(50,874)	(50,874)
Other comprehensive income	-	1,200,000	-	1,200,000
Total comprehensive income	-	1,200,000	(50,874)	1,149,126
At 31 December 2024	100	1,200,000	121,417	1,321,517

Sooty's and Sweep's Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Suite G10
3 Southport Business Park
Wight Moss Way
Southport
PR8 4HQ

These financial statements were authorised for issue by the Board on 16 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Sooty's and Sweep's Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

Tangible assets

Fixed assets have not been depreciated because their current estimated residual value is equal to or exceeds their carrying value. In accordance with FRS 102 Section 1A the residual values and useful economic lives of assets are reviewed annually and if a subsequent review indicates a reduction in residual value depreciation will be provided accordingly.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold Property	Nil per annum
Plant and machinery	7.5% reducing balance
Furniture, fittings, tools and equipment	7.5% reducing balance
Office equipment	7.5% reducing balance
Motor vehicles	25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Sooty's and Sweep's Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 16 (2024 - 14).

Sooty's and Sweep's Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 January 2025	6	6
At 31 December 2025	6	6
Amortisation
Amortisation charge	6	6
At 31 December 2025	6	6
Carrying amount
At 31 December 2025	-	-
At 31 December 2024	6	6

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Other tangible assets £	Total £
Cost or valuation
At 1 January 2025	1,720,417	374,655	28,683	142,466	2,266,221
Additions	-	59,522	-	3,000	62,522
At 31 December 2025	1,720,417	434,177	28,683	145,466	2,328,743
Depreciation
At 1 January 2025	-	117,746	13,421	46,264	177,431
At 31 December 2025	-	117,746	13,421	46,264	177,431
Carrying amount
At 31 December 2025	1,720,417	316,431	15,262	99,202	2,151,312
At 31 December 2024	1,720,417	256,909	15,262	96,202	2,088,790

Included within the net book value of land and buildings above is £1,720,417 (2024 - £1,720,417) in respect of freehold land and buildings.
 

Sooty's and Sweep's Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

6

Stocks

	2025 £	2024 £
Raw materials and consumables	298,124	163,662

7

debtors

Current	2025 £	2024 £
Prepayments	16,139	-
Other debtors	15,155	100
	31,294	100

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Bank borrowings and overdraft	170,611	144,052
Hire purchase creditors	4,030	4,030
trade creditors	264,362	220,000
Amount owed to director	128,589	155,546
Taxation and social security	44,553	19,102
Other creditors	38,713	40,095
	650,858	582,825
Due after one year
Loans and borrowings	507,397	352,564

Creditors: amounts falling due after more than one year

	2025 £	2024 £
Due after one year
Loans and borrowings	507,397	352,564

Creditors include a bank loan and overdraft which are secured of £402,226 (2024 - £432,861).

Sooty's and Sweep's Ltd

Notes to the Financial Statements for the Year Ended 31 December 2025

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100