Registered number: 6824162 | ||||||||
FOR THE YEAR ENDED 28 FEBRUARY 2023 | ||||||||
Prepared By: | ||||||||
McMillan Rose & Co Ltd | ||||||||
Chartered Certified Accountants | ||||||||
Haltgate House | ||||||||
52A Hullbridge Road | ||||||||
South Woodham Ferrers | ||||||||
Essex | ||||||||
CM3 5NH |
SAILSEY LIMITED | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 28 FEBRUARY 2023 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
Essex | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 6824162 | ||||||||
ACCOUNTANTS | ||||||||
McMillan Rose & Co Ltd | ||||||||
Chartered Certified Accountants | ||||||||
Haltgate House | ||||||||
52A Hullbridge Road | ||||||||
South Woodham Ferrers | ||||||||
Essex | ||||||||
CM3 5NH |
SAILSEY LIMITED | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED28 FEBRUARY 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 | - |
SAILSEY LIMITED | ||||||||
BALANCE SHEET AT | ||||||||||
2023 | 2022 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 5 | |||||||||
Cash at bank and in hand | ||||||||||
25,089 | 16,446 | |||||||||
CREDITORS: Amounts falling due within one year | 6 | |||||||||
NET CURRENT ASSETS | 9,910 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 7 | |||||||||
Profit and loss account | 15,545 | 11,539 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
SAILSEY LIMITED | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 28 FEBRUARY 2023 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting FRS 1021 a | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. | ||||||||
The accounts have been prepared under the historical cost convention. |
1b. Depreciation | ||||||||
Commercial Vehicles | reducing balance 25% | |||||||
Equipment | reducing balance 50% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1d. Government Grants | ||||||||
Government grants are recognised in profit and loss in the year in which they are received. |
2. EMPLOYEES | ||||||
2023 | 2022 | |||||
No. | No. | |||||
Average number of employees | 2 | |||||
3. TANGIBLE FIXED ASSETS | ||||
Plant and | ||||
Machinery Etc. | Total | |||
£ | £ | |||
Cost | ||||
At 1 March 2022 | 12,406 | 12,406 | ||
At 28 February 2023 | 12,406 | 12,406 | ||
Depreciation | ||||
At 1 March 2022 | 10,677 | 10,677 | ||
For the year | 719 | 719 | ||
At 28 February 2023 | 11,396 | 11,396 | ||
Net Book Amounts | ||||
At 28 February 2023 | 1,010 | 1,010 | ||
At 28 February 2022 | 1,729 | 1,729 | ||
SAILSEY LIMITED | ||||||||
4. STOCK | 2023 | 2022 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock raw materials | 5,500 | 2,853 | ||||
5. DEBTORS | 2023 | 2022 | ||||||
£ | £ | |||||||
Amounts falling due within one year: | ||||||||
Trade debtors | 9,098 | 502 | ||||||
9,098 | 502 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Trade creditors | 116 | 149 | ||||||
Taxation and social security | 1,581 | 2,161 | ||||||
Other creditors | 8,757 | 4,226 | ||||||
10,454 | 6,536 | |||||||
7. SHARE CAPITAL | 2023 | 2022 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
8. CONTROLLING PARTY | ||||||||
The ultimate controlling party is D Sales the director of the company. | ||||||||