Registered number: 05736550 | ||||||||
FOR THE YEAR ENDED 31/03/2023 | ||||||||
Prepared By: | ||||||||
DBR Accounts Limited | ||||||||
Association of Chartered Certified Accountants | ||||||||
1 Station Court | ||||||||
Station Approach | ||||||||
Wickford | ||||||||
Essex | ||||||||
SS11 7AT |
Sage Services (UK) Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/03/2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
Norfolk | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 05736550 | ||||||||
ACCOUNTANTS | ||||||||
DBR Accounts Limited | ||||||||
Association of Chartered Certified Accountants | ||||||||
1 Station Court | ||||||||
Station Approach | ||||||||
Wickford | ||||||||
Essex | ||||||||
SS11 7AT |
Sage Services (UK) Ltd | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/03/2023 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Sage Services (UK) Ltd | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 3 | |||||||||
Cash at bank and in hand | ||||||||||
19,466 | 29,006 | |||||||||
CREDITORS: Amounts falling due within one year | 4 | |||||||||
NET CURRENT (LIABILITIES) / ASSETS | ( | 34 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ( | |||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 6 | |||||||||
Profit and loss account | (8,795) | (191) | ||||||||
SHAREHOLDERS' FUNDS | ( | |||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Sage Services (UK) Ltd | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/03/2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Going Concern | ||||||||
These financial statements have been prepared on the going concern basis despite the losses that have been built. The directors intend to support the company financially in the forseeable future and for not less than at least the next 12 months. |
1c. Depreciation | ||||||||
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. | ||||||||
Commercial Vehicles | reducing balance25% | |||||||
Equipment | reducing balance25% |
1d. Taxation | ||||||||
Taxation represents the tax currently payable. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. |
1e. Financial Instruments | ||||||||
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. | ||||||||
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are initially measured at amortised cost. | ||||||||
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. |
Sage Services (UK) Ltd | ||||||||
2. TANGIBLE FIXED ASSETS | ||||||
Commercial | ||||||
Vehicles | Equipment | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/04/2022 | 1,394 | 1,158 | 2,552 | |||
At 31/03/2023 | 1,394 | 1,158 | 2,552 | |||
Depreciation | ||||||
At 01/04/2022 | 1,146 | 631 | 1,777 | |||
For the year | 62 | 132 | 194 | |||
At 31/03/2023 | 1,208 | 763 | 1,971 | |||
Net Book Amounts | ||||||
At 31/03/2023 | 581 | |||||
At 31/03/2022 | 775 | |||||
3. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
VAT | 201 | 201 | ||||||
PAYE control | - | 258 | ||||||
Other debtors | 750 | 750 | ||||||
Directors current account - Mr J Roerig | 18,505 | 27,106 | ||||||
19,456 | 28,315 | |||||||
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
UK corporation tax | 8,512 | 11,214 | ||||||
Bank loans and overdrafts | 851 | - | ||||||
Loans | 15,035 | 16,282 | ||||||
Credit card | 1,441 | - | ||||||
Trade creditors | 256 | - | ||||||
Accruals | 1,747 | 1,476 | ||||||
27,842 | 28,972 | |||||||
Sage Services (UK) Ltd | ||||||||
5. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 2 | |||||
6. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
1000 | 1000 | |||||||
1,000 | 1,000 | |||||||
7. CONTROLLING PARTY | ||||||||
Mr J Roerig is the ultimate controlling party of the company by virtue of his majority directorship and ownership of the company's issued share capital. | ||||||||
8. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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