Sandy Wiseman Limited - Accounts to registrar (filleted) - small 22.3

Sandy Wiseman Limited - Accounts to registrar (filleted) - small 22.3

SANDY WISEMAN LIMITED - Company Information

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REGISTERED NUMBER: SC310639 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2022

FOR

SANDY WISEMAN LIMITED
SANDY WISEMAN LIMITED (REGISTERED NUMBER: SC310639)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SANDY WISEMAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2022







DIRECTOR: A B Wiseman





REGISTERED OFFICE: 14 Greenbank Road
Fraserburgh
Aberdeenshire
AB43 7GA





REGISTERED NUMBER: SC310639 (Scotland)
Page 1
SANDY WISEMAN LIMITED (REGISTERED NUMBER: SC310639)

BALANCE SHEET
5 APRIL 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 400 800

CURRENT ASSETS
Debtors 6 6,387 2,594
Cash at bank 11 3,962
6,398 6,556
CREDITORS
Amounts falling due within one year 7 6,524 7,246
NET CURRENT LIABILITIES (126 ) (690 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
274
110

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 174 10
SHAREHOLDERS' FUNDS 274 110

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 23 December 2022 and were signed by:





A B Wiseman - Director


The notes form part of these financial statements

Page 2
SANDY WISEMAN LIMITED (REGISTERED NUMBER: SC310639)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022

1. STATUTORY INFORMATION

Sandy Wiseman Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest pound.

Going Concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The directors consider that there are no estimates and underlying assumptions which have a significant risk of causing a material adjustment to the carrying amount of the assets and liabilities.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 33% on cost

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.


Page 3 continued...
SANDY WISEMAN LIMITED (REGISTERED NUMBER: SC310639)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2022

3. ACCOUNTING POLICIES - continued
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.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held in call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6 April 2021
and 5 April 2022 1,200
DEPRECIATION
At 6 April 2021 400
Charge for year 400
At 5 April 2022 800
NET BOOK VALUE
At 5 April 2022 400
At 5 April 2021 800

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 6,387 2,594

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Taxation and social security 5,124 5,111
Other creditors 1,400 2,135
6,524 7,246

Page 4 continued...
SANDY WISEMAN LIMITED (REGISTERED NUMBER: SC310639)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2022

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 5 April 2022 and 5 April 2021:

2022 2021
£    £   
A B Wiseman
Balance outstanding at start of year 2,071 -
Amounts advanced 5,890 2,071
Amounts repaid (2,071 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,890 2,071

The loan was repaid to the company post year-end.

9. ULTIMATE CONTROLLING PARTY

The controlling party is A B Wiseman.

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