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REGISTERED NUMBER: 04449824















Unaudited Financial Statements For The Year Ended 28th February 2023

for

Sadle London Limited

Sadle London Limited (Registered number: 04449824)






Contents of the Financial Statements
For The Year Ended 28th February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Sadle London Limited

Company Information
For The Year Ended 28th February 2023







DIRECTORS: Ms N A Meegan
S Johnson
Mrs J Brown
Ms. L Jupp





SECRETARY: Ms S C Johnson





REGISTERED OFFICE: 23 Turnham Green Terrace
Chiswick
London
W4 1RG





REGISTERED NUMBER: 04449824





ACCOUNTANTS: Dua & Co. Limited
1st Floor
5 Century Court
Tolpits Lane
Watford
Hertfordshire
WD18 9PX

Sadle London Limited (Registered number: 04449824)

Balance Sheet
28th February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 26,826 31,558
26,826 31,558

CURRENT ASSETS
Inventories 223,772 202,087
Debtors 6 102,336 76,555
Cash at bank 71,647 164,026
397,755 442,668
CREDITORS
Amounts falling due within one year 7 177,536 248,678
NET CURRENT ASSETS 220,219 193,990
TOTAL ASSETS LESS CURRENT LIABILITIES 247,045 225,548

CREDITORS
Amounts falling due after more than one year 8 22,500 1,582
NET ASSETS 224,545 223,966

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 224,445 223,866
SHAREHOLDERS' FUNDS 224,545 223,966

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2023 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st October 2023 and were signed on its behalf by:




S Johnson - Director


Sadle London Limited (Registered number: 04449824)

Notes to the Financial Statements
For The Year Ended 28th February 2023

1. STATUTORY INFORMATION

Sadle London Limited is a private company, limited by shares , registered in Not specified/Other. 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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

Sadle London Limited (Registered number: 04449824)

Notes to the Financial Statements - continued
For The Year Ended 28th February 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st March 2022
and 28th February 2023 8,847
AMORTISATION
At 1st March 2022
and 28th February 2023 8,847
NET BOOK VALUE
At 28th February 2023 -
At 28th February 2022 -

5. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1st March 2022 12,258 29,249 39,232 19,929 100,668
Additions - - - 111 111
At 28th February 2023 12,258 29,249 39,232 20,040 100,779
DEPRECIATION
At 1st March 2022 - 24,123 29,491 15,496 69,110
Charge for year - 1,282 2,435 1,126 4,843
At 28th February 2023 - 25,405 31,926 16,622 73,953
NET BOOK VALUE
At 28th February 2023 12,258 3,844 7,306 3,418 26,826
At 28th February 2022 12,258 5,126 9,741 4,433 31,558

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 20,020 32,683
Other debtors 559 -
Directors' current accounts 79,898 17,858
VAT 1,782 26,014
Prepayments 77 -
102,336 76,555

Sadle London Limited (Registered number: 04449824)

Notes to the Financial Statements - continued
For The Year Ended 28th February 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans (see note 9) 10,000 42,500
Trade creditors 128,534 170,101
Tax 25,949 30,958
Social security and other taxes 1,084 4,735
Pension liability 542 384
Credit Card 5,725 -
Wages payable 5,702 -
177,536 248,678

The bank loan and overdraft is secured by means of a legal charge dated 14 April 2008 over all the assets of the company

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other loans (see note 9) 22,500 -
Other creditors - 1,582
22,500 1,582

9. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Other loans 10,000 42,500

Amounts falling due between one and two years:
Other loans - 1-2 years 10,000 -

Amounts falling due between two and five years:
Other loans - 2-5 years 12,500 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

Sadle London Limited (Registered number: 04449824)

Notes to the Financial Statements - continued
For The Year Ended 28th February 2023

11. RESERVES
Retained
earnings
£   

At 1st March 2022 223,866
Profit for the year 103,579
Dividends (103,000 )
At 28th February 2023 224,445

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28th February 2023 and 28th February 2022:

2023 2022
£    £   
S Johnson
Balance outstanding at start of year 7,877 -
Amounts advanced 39,929 7,877
Amounts repaid (7,877 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 39,929 7,877

Ms N A Meegan
Balance outstanding at start of year 9,981 -
Amounts advanced 39,969 9,981
Amounts repaid (9,981 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 39,969 9,981

The directors loans were repaid in full within 9 months of year end.