Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-3162022-01-01falseNo description of principal activity7truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09323529 2022-01-01 2022-12-31 09323529 2021-01-01 2021-12-31 09323529 2022-12-31 09323529 2021-12-31 09323529 c:Director3 2022-01-01 2022-12-31 09323529 d:FurnitureFittings 2022-01-01 2022-12-31 09323529 d:FurnitureFittings 2022-12-31 09323529 d:FurnitureFittings 2021-12-31 09323529 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 09323529 d:CurrentFinancialInstruments 2022-12-31 09323529 d:CurrentFinancialInstruments 2021-12-31 09323529 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 09323529 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 09323529 d:ShareCapital 2022-12-31 09323529 d:ShareCapital 2021-12-31 09323529 d:RetainedEarningsAccumulatedLosses 2022-12-31 09323529 d:RetainedEarningsAccumulatedLosses 2021-12-31 09323529 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2022-12-31 09323529 d:FinancialAssetsDesignatedFairValueThroughProfitOrLoss 2021-12-31 09323529 c:FRS102 2022-01-01 2022-12-31 09323529 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 09323529 c:FullAccounts 2022-01-01 2022-12-31 09323529 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 09323529 2 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 09323529









SAUL AND SONS DEVELOPMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

 
SAUL AND SONS DEVELOPMENTS LIMITED
REGISTERED NUMBER: 09323529

BALANCE SHEET
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
342
427

  
342
427

Current assets
  

Stocks
 5 
22,200
5,900

Debtors: amounts falling due within one year
 6 
19,341
733

Cash at bank and in hand
 7 
2,752
2,532

  
44,293
9,165

Creditors: amounts falling due within one year
 8 
(130,306)
(22,548)

Net current liabilities
  
 
 
(86,013)
 
 
(13,383)

Total assets less current liabilities
  
(85,671)
(12,956)

  

Net liabilities
  
(85,671)
(12,956)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(85,771)
(13,056)

  
(85,671)
(12,956)


Page 1

 
SAUL AND SONS DEVELOPMENTS LIMITED
REGISTERED NUMBER: 09323529
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2022

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 October 2023.






................................................
Bradley Saul
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
SAUL AND SONS DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

Saul and Sons Developments Ltd is a private company incorporated in England and Wales, limited by share capital. The principal activity of the Company is that of property management.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts have been prepared on a going concern basis. This assumes the ongoing support of the director, which he has pledged for the foreseeable future.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
SAUL AND SONS DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures, fittings and equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
SAUL AND SONS DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2021 - 7).

Page 5

 
SAUL AND SONS DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

4.


Tangible fixed assets





Fixtures, fittings and equipment

£



Cost or valuation


At 1 January 2022
534



At 31 December 2022

534



Depreciation


At 1 January 2022
107


Charge for the year on owned assets
85



At 31 December 2022

192



Net book value



At 31 December 2022
342



At 31 December 2021
427


5.


Stocks

2022
2021
£
£

Finished goods and goods for resale
22,200
5,900

22,200
5,900


Page 6

 
SAUL AND SONS DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

6.


Debtors

2022
2021
£
£


Trade debtors
19,341
733

19,341
733



7.


Cash and cash equivalents

2022
2021
£
£

Cash at bank and in hand
2,752
2,532

2,752
2,532



8.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
1,645
-

Amounts owed to group undertakings
-
1,770

Other taxation and social security
83,155
11,816

Other creditors
43,956
7,712

Accruals and deferred income
1,550
1,250

130,306
22,548



9.


Financial instruments

2022
2021
£
£

Financial assets


Financial assets measured at fair value through profit or loss
2,752
2,532




Financial assets measured at fair value through profit or loss comprise cash at bank and in hand.

Page 7

 
SAUL AND SONS DEVELOPMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £993 (2021 - £993) . Contributions totalling £494 (2021 - £494) were payable to the fund at the balance sheet date and are included in creditors.


11.


Controlling party

The Company is controlled by the director, Bradley Saul, by virtue of his shareholding as described in the Director's report.

 
Page 8