SAYERS COMMERCIAL LIMITED

Company Registration Number:
08411466 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

SAYERS COMMERCIAL LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Notes

SAYERS COMMERCIAL LIMITED

Balance sheet

As at 28 February 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 9,605 9,107
Investments: 4 63,250 63,250
Total fixed assets: 72,855 72,357
Current assets
Debtors:   440,770 322,226
Cash at bank and in hand: 220,670 259,209
Total current assets: 661,440 581,435
Creditors: amounts falling due within one year:   (44,017) (46,750)
Net current assets (liabilities): 617,423 534,685
Total assets less current liabilities: 690,278 607,042
Provision for liabilities: (1,730) (1,730)
Total net assets (liabilities): 688,548 605,312
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 688,547 605,311
Shareholders funds: 688,548 605,312

The notes form part of these financial statements

SAYERS COMMERCIAL LIMITED

Balance sheet statements

For the year ending 28 February 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 November 2023
and signed on behalf of the board by:

Name: D.A. Sayers
Status: Director

The notes form part of these financial statements

SAYERS COMMERCIAL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue is measured at the fair value of the consideration received or receivable.Revenue is reduced for estimated rebates and other similar allowances.

Tangible fixed assets and depreciation policy

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful life on a reducing balance basis at rates of 15%-20% per annum.At each balance sheet date , the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists , the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss,if any. Where it is not possible to estimate the recoverable amount of the asset , the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

SAYERS COMMERCIAL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

2. Employees

2023 2022
Average number of employees during the period 2 2

SAYERS COMMERCIAL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible Assets

Total
Cost £
At 01 March 2022 11,871
Additions 2,825
At 28 February 2023 14,696
Depreciation
At 01 March 2022 2,764
Charge for year 2,327
At 28 February 2023 5,091
Net book value
At 28 February 2023 9,605
At 28 February 2022 9,107

SAYERS COMMERCIAL LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

4. Fixed investments

Fixed Asset Investments are stated at cost less then any permanent diminution in value.