Company Registration No. 10185201 (England and Wales)
Suffolk Stump Grinding Ltd
Unaudited accounts
for the year ended 31 March 2022
Suffolk Stump Grinding Ltd
Unaudited accounts
Contents
Suffolk Stump Grinding Ltd
Statement of financial position
as at
31 March 2022
Cash at bank and in hand
4,848
2,248
Creditors: amounts falling due within one year
(1,806)
(4,927)
Net current assets/(liabilities)
9,256
(2,212)
Total assets less current liabilities
9,571
(1,645)
Creditors: amounts falling due after more than one year
(9,500)
-
Net assets/(liabilities)
71
(1,645)
Called up share capital
100
100
Profit and loss account
(29)
(1,745)
Shareholders' funds
71
(1,645)
For the year ending 31 March 2022 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 November 2022 and were signed on its behalf by
Samuel Peter Clark
Director
Company Registration No. 10185201
Suffolk Stump Grinding Ltd
Notes to the Accounts
for the year ended 31 March 2022
Suffolk Stump Grinding Ltd is a private company, limited by shares, registered in England and Wales, registration number 10185201. The registered office is 1 CHARITY COTTAGES SWILLAND ROAD, OTLEY, IPSWICH, SUFFOLK, IP6 9NE, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Motor vehicles
25% sraight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2021
59,997
11,042
756
71,795
At 31 March 2022
59,997
11,042
756
71,795
At 1 April 2021
59,997
11,042
189
71,228
Charge for the year
-
-
252
252
At 31 March 2022
59,997
11,042
441
71,480
At 31 March 2022
-
-
315
315
At 31 March 2021
-
-
567
567
Suffolk Stump Grinding Ltd
Notes to the Accounts
for the year ended 31 March 2022
Amounts falling due within one year
Accrued income and prepayments
425
-
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
500
-
Taxes and social security
461
1,114
Other creditors
501
2,963
Loans from directors
344
-
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 1 (2021: 1).