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Company registration number: 06347467
Saddleback Consulting Limited
Unaudited filleted financial statements
31 March 2022
Saddleback Consulting Limited
Statement of financial position
31 March 2022
2022 2021
Note £ £ £ £
Fixed assets
Tangible assets 5 17,289 18,522
_______ _______
17,289 18,522
Current assets
Debtors 6 658,388 320,424
Investments 7 24,767 24,767
Cash at bank and in hand 102,109 483,648
_______ _______
785,264 828,839
Creditors: amounts falling due
within one year 8 ( 351,364) ( 237,492)
_______ _______
Net current assets 433,900 591,347
_______ _______
Total assets less current liabilities 451,189 609,869
Creditors: amounts falling due
after more than one year 9 - ( 213,583)
Provisions for liabilities ( 3,285) ( 3,519)
_______ _______
Net assets 447,904 392,767
_______ _______
Capital and reserves
Called up share capital 2 2
Profit and loss account 447,902 392,765
_______ _______
Shareholders funds 447,904 392,767
_______ _______
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.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 01 July 2022 , and are signed on behalf of the board by:
Mr P S Jolliffe Mrs L J Jolliffe
Director Director
Company registration number: 06347467
Saddleback Consulting Limited
Notes to the financial statements
Year ended 31 March 2022
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is International House, 61 Mosley Street, Manchester, M2 3HZ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS102, Section 1A, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The accounts are prepared under the historical cost convention .
Turnover
The turnover represents the net sales to customers excluding VAT
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 15 % straight line
Computer and Lab Equipment - 33.33 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Defined contribution plans
The company operates defined contribution pension schemes. Contributions payable to the schemes are charged to the income statement in the period to which they relate.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 8 (2021: 8 ).
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 1 April 2021 58,946 58,946
Additions 6,631 6,631
_______ _______
At 31 March 2022 65,577 65,577
_______ _______
Depreciation
At 1 April 2021 40,424 40,424
Charge for the year 7,864 7,864
_______ _______
At 31 March 2022 48,288 48,288
_______ _______
Carrying amount
At 31 March 2022 17,289 17,289
_______ _______
At 31 March 2021 18,522 18,522
_______ _______
6. Debtors
2022 2021
£ £
Trade debtors 462,590 189,971
Other debtors 195,798 130,453
_______ _______
658,388 320,424
_______ _______
7. Investments
2022 2021
£ £
Shares R T Brick Inc 24,767 24,767
_______ _______
8. Creditors: amounts falling due within one year
2022 2021
£ £
Bank loans and overdrafts - 19,417
Trade creditors 216,100 170,160
Corporation tax 101,063 4,455
Social security and other taxes 30,458 28,487
Other creditors 3,743 14,973
_______ _______
351,364 237,492
_______ _______
9. Creditors: amounts falling due after more than one year
2022 2021
£ £
Bank loans and overdrafts - 213,583
_______ _______