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REGISTERED NUMBER: 11249108 (England and Wales)















Financial Statements for the Year Ended 31 March 2022

for

Sapphire Tax and Business Services Ltd

Sapphire Tax and Business Services Ltd (Registered number: 11249108)

Contents of the Financial Statements
for the Year Ended 31 March 2022










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sapphire Tax and Business Services Ltd

Company Information
for the Year Ended 31 March 2022







DIRECTORS: T Bennett
C M Bennett





REGISTERED OFFICE: Woodlands
Garstang By Pass Road
Cabus, Garstang
Preston
Lancashire
PR3 1PH





REGISTERED NUMBER: 11249108 (England and Wales)





ACCOUNTANTS: Bennett Kirkhope Smith
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

Sapphire Tax and Business Services Ltd (Registered number: 11249108)

Balance Sheet
31 March 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 326 488

CURRENT ASSETS
Debtors 5 264,697 14,498
Cash at bank 29,655 214,302
294,352 228,800
CREDITORS
Amounts falling due within one year 6 23,614 28,871
NET CURRENT ASSETS 270,738 199,929
TOTAL ASSETS LESS CURRENT
LIABILITIES

271,064

200,417

CAPITAL AND RESERVES
Called up share capital 7 300 300
Retained earnings 270,764 200,117
SHAREHOLDERS' FUNDS 271,064 200,417

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Sapphire Tax and Business Services Ltd (Registered number: 11249108)

Balance Sheet - continued
31 March 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2022 and were signed on its behalf by:




T Bennett - Director



C M Bennett - Director


Sapphire Tax and Business Services Ltd (Registered number: 11249108)

Notes to the Financial Statements
for the Year Ended 31 March 2022


1. STATUTORY INFORMATION

Sapphire Tax and Business Services Ltd 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 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.
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

Sapphire Tax and Business Services Ltd (Registered number: 11249108)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2021
and 31 March 2022 1,369
DEPRECIATION
At 1 April 2021 881
Charge for year 162
At 31 March 2022 1,043
NET BOOK VALUE
At 31 March 2022 326
At 31 March 2021 488

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 14,697 14,498
Other debtors 250,000 -
264,697 14,498

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Corporation tax 17,020 16,765
VAT 5,230 5,190
Directors' current accounts 91 5,645
Accrued expenses 1,273 1,271
23,614 28,871

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.22 31.3.21
value: £    £   
100 Ordinary £1 100 100
100 A Ordinary £1 100 100
100 B Ordinary £1 100 100
300 300

Sapphire Tax and Business Services Ltd (Registered number: 11249108)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2022


8. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party but T & C M Bennett acting in concert control the company by virtue of their 100% shareholding in the company.