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REGISTERED NUMBER: 07396230















Unaudited Financial Statements for the Year Ended 31 March 2023

for

SALTFORD BUILDING SERVICES LIMITED

SALTFORD BUILDING SERVICES LIMITED (REGISTERED NUMBER: 07396230)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


SALTFORD BUILDING SERVICES LIMITED

Company Information
for the year ended 31 March 2023







DIRECTOR: N L Sheppard





REGISTERED OFFICE: 439 Bath Road
Saltford
Bristol
BS31 3AZ





REGISTERED NUMBER: 07396230





ACCOUNTANTS: Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Saltford Building Services Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Saltford Building Services Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Saltford Building Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Saltford Building Services Limited and state those matters that we have agreed to state to the director of Saltford Building Services Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Saltford Building Services Limited and its director for our work or for this report.

It is your duty to ensure that Saltford Building Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Saltford Building Services Limited. You consider that Saltford Building Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Saltford Building Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Richardson Swift
Chartered Accountants
11 Laura Place
Bath
BA2 4BL


27 November 2023

SALTFORD BUILDING SERVICES LIMITED (REGISTERED NUMBER: 07396230)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 137,178 99,452

CURRENT ASSETS
Stocks 5 - 29,300
Debtors 6 665,278 329,553
Cash at bank 20,419 18,575
685,697 377,428
CREDITORS
Amounts falling due within one year 7 731,246 456,200
NET CURRENT LIABILITIES (45,549 ) (78,772 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

91,629

20,680

CREDITORS
Amounts falling due after more than one
year

8

(172,758

)

(235,710

)

PROVISIONS FOR LIABILITIES 9 (21,796 ) -
NET LIABILITIES (102,925 ) (215,030 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (103,025 ) (215,130 )
SHAREHOLDERS' FUNDS (102,925 ) (215,030 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SALTFORD BUILDING SERVICES LIMITED (REGISTERED NUMBER: 07396230)

Balance Sheet - continued
31 March 2023


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 director and authorised for issue on 27 November 2023 and were signed by:





N L Sheppard - Director


SALTFORD BUILDING SERVICES LIMITED (REGISTERED NUMBER: 07396230)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Saltford Building Services 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.

The directors have prepared the financial statements on a going concern basis despite the deficit on the balance sheet and the excess of current liabilities over current assets in the belief that, with the support of the directors, the company is in a position to continue trading.

Critical accounting judgements and key sources of estimation uncertainty
No significant judgements or key assumptions have had to be made by directors in preparing these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - Straight line over 5 years
Plant and machinery - 25% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Government grants
Government grants are accounted for under the accruals method, with those in relation to expenditure credited when the expenditure is charged to the profit and loss.

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

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

SALTFORD BUILDING SERVICES LIMITED (REGISTERED NUMBER: 07396230)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors, loans from banks and other third parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 31 (2022 - 23 ) .

SALTFORD BUILDING SERVICES LIMITED (REGISTERED NUMBER: 07396230)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2022 83,500 52,029 6,141
Additions 63,207 - 667
Disposals - (378 ) -
At 31 March 2023 146,707 51,651 6,808
DEPRECIATION
At 1 April 2022 2,236 39,134 5,153
Charge for year 20,309 5,046 640
Eliminated on disposal - (24 ) -
At 31 March 2023 22,545 44,156 5,793
NET BOOK VALUE
At 31 March 2023 124,162 7,495 1,015
At 31 March 2022 81,264 12,895 988

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2022 19,995 10,110 171,775
Additions - 3,801 67,675
Disposals - - (378 )
At 31 March 2023 19,995 13,911 239,072
DEPRECIATION
At 1 April 2022 19,995 5,805 72,323
Charge for year - 3,600 29,595
Eliminated on disposal - - (24 )
At 31 March 2023 19,995 9,405 101,894
NET BOOK VALUE
At 31 March 2023 - 4,506 137,178
At 31 March 2022 - 4,305 99,452

5. STOCKS
2023 2022
£    £   
Stocks - 29,300

SALTFORD BUILDING SERVICES LIMITED (REGISTERED NUMBER: 07396230)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 150,478 15,685
Amounts owed by group undertakings 96,943 52,549
Other debtors 417,857 261,319
665,278 329,553

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 60,905 80,812
Hire purchase contracts - 3,010
Trade creditors 274,960 208,158
Amounts owed to group undertakings 54,880 19,728
Taxation and social security 233,844 49,972
Other creditors 106,657 94,520
731,246 456,200

Included within bank loans and overdrafts due in less than one year is a £60,905 loan (2022: £62,151) secured by Skye Funding Loans.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 172,758 232,774
Hire purchase contracts - 2,936
172,758 235,710

Included within bank loans and overdrafts due in more than one year is a £172,758 loan (2022: £232,774) secured by Skye Funding Loans.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 21,796 -

Deferred
tax
£   
Accelerated capital allowances 21,796
Balance at 31 March 2023 21,796

10. CALLED UP SHARE CAPITAL

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

SALTFORD BUILDING SERVICES LIMITED (REGISTERED NUMBER: 07396230)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the Director owed the Company £95,531 (2022: £65,348). During the year £95,673 was withdrawn (2021: £55,453) and £65,490 was repaid (2021: £0).