REGISTERED NUMBER: 03735956 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SOWERBUTTS AND CO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs L G Padbury

REGISTERED OFFICE:

Fiscal House

367 London Road

Camberley

Surrey

GU15 3HQ

REGISTERED NUMBER:

03735956 (England and Wales)

ACCOUNTANTS:

Sowerbutts and Co Ltd

Fiscal House

367 London Road

Camberley

Surrey

GU15 3HQ

FIXED ASSETS

Intangible assets

4

339,503

339,503

Tangible assets

5

6,618

7,786

346,121

347,289

CURRENT ASSETS

Stocks

6

387

350

Debtors

7

82,651

69,705

Cash at bank

20,798

10,091

103,836

80,146

CREDITORS

Amounts falling due within one year

8

56,912

45,570

NET CURRENT ASSETS

46,924

34,576

TOTAL ASSETS LESS CURRENT LIABILITIES

393,045

381,865

PROVISIONS FOR LIABILITIES

1,473

1,673

NET ASSETS

391,572

380,192

CAPITAL AND RESERVES

Called up share capital

9

200

200

Share premium

264,884

264,884

Retained earnings

126,488

115,108

SHAREHOLDERS' FUNDS

391,572

380,192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 November 2025 and were signed by:

Mrs L G Padbury - Director

1.	STATUTORY INFORMATION

Sowerbutts and Co Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents the net invoiced value of services excluding VAT.

Client value

Client value is not depreciated as the directors consider that it can be regarded as having an indefinite life and quantifiable value, therefore, in accordance with the provisions of FRS 10 and 11, an annual impairment review will be carried out and any necessary charge will be made to the profit and loss account.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Stocks

Stock is valued at cost and represents stationery and postage.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

349,589

AMORTISATION

At 1 April 2024

and 31 March 2025

10,086

NET BOOK VALUE

At 31 March 2025

339,503

At 31 March 2024

339,503

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

20,387

6,383

40,714

67,484

DEPRECIATION

At 1 April 2024

20,387

6,025

33,286

59,698

Charge for year

-

54

1,114

1,168

At 31 March 2025

20,387

6,079

34,400

60,866

NET BOOK VALUE

At 31 March 2025

-

304

6,314

6,618

At 31 March 2024

-

358

7,428

7,786

6.

STOCKS

31/3/25

31/3/24

£

£

Stocks

387

350

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

49,294

35,588

Unbilled work

33,357

34,117

82,651

69,705

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

4,476

2,558

Trade creditors

1,733

1,289

Taxation and social security

50,505

41,519

Other creditors

198

204

56,912

45,570

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/3/25

31/3/24

value:

£

£

100

Ordinary

£1

100

100

100

'B' non-voting

£1

100

100

200

200

10.	ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by Mrs L Padbury, by virtue of her majority shareholding.