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REGISTERED NUMBER: 01106632 (England and Wales)















Saul Construction Limited

Strategic Report, Report of the Directors and

Financial Statements For The Year Ended 31 March 2023






Saul Construction Limited (Registered number: 01106632)






Contents of the Financial Statements
For The Year Ended 31 March 2023




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 4

Statement of Comprehensive Income 6

Balance Sheet 7

Statement of Changes in Equity 8

Cash Flow Statement 9

Notes to the Cash Flow Statement 10

Notes to the Financial Statements 11


Saul Construction Limited

Company Information
For The Year Ended 31 March 2023







DIRECTORS: Mrs F Saul
J R Saul



SECRETARY: Mrs F Saul



REGISTERED OFFICE: Burntwood Office Park
Brierley Common
Brierley
Barnsley
South Yorkshire
S72 9ET



REGISTERED NUMBER: 01106632 (England and Wales)



AUDITORS: Kingswood Allotts Limited, Statutory Auditor
Chartered Accountants
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU



BANKERS: HSBC
5 Market Hill
Barnsley
South Yorkshire
S70 2PY

Saul Construction Limited (Registered number: 01106632)

Strategic Report
For The Year Ended 31 March 2023

The directors present their strategic report for the year ended 31 March 2023.

REVIEW OF BUSINESS
During the year, the company saw a 13.9% increase in turnover following the impact of Covid-19 on the previous years. Gross profit and net profit both decreased from 2022, reflecting the challenges faced with materials and staff costs during the nationwide cost of living crisis.

The company remains profitable and is expected to continue with its house construction and sales and wider construction contract work throughout the 2023-24 year.

KEY PERFORMANCE INDICATORS
The principal key performance indicators for the company are levels of turnover, gross profit and net profit as follows:

2023 2022
£    £   
Turnover 11,123,992 9,766,621
Gross profit 1,884,399 2,131,401
Net profit 1,039,901 1,125,505
Net assets 15,328,501 14,325,600

The directors are satisfied with the above key performance indicators.

PRINCIPAL RISKS AND UNCERTAINTIES
The directors consider that the main areas of concern are: -

- The cost of living crisis, national economic health and its implications on demand within the national housing market;
- Potential legislative changes to the housing and construction markets following the planned general election in 2024;
- The impact of the national economy, cost of living and international unrest on the cost of materials and labour.

The directors monitor potential threats such a legislative changes and attempt to minimise any negative consequences.

ON BEHALF OF THE BOARD:





J R Saul - Director


1 February 2024

Saul Construction Limited (Registered number: 01106632)

Report of the Directors
For The Year Ended 31 March 2023

The directors present their report with the financial statements of the company for the year ended 31 March 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of building and civil engineering contractors.

DIVIDENDS
The total distribution of dividends for the year ended 31 March 2023 will be £ 37,000 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2022 to the date of this report.

Mrs F Saul
J R Saul

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Kingswood Allotts Limited, will be proposed for re-appointment as auditor at the forthcoming Annual General Meeting

ON BEHALF OF THE BOARD:





J R Saul - Director


1 February 2024

Report of the Independent Auditors to the Members of
Saul Construction Limited

Opinion
We have audited the financial statements of Saul Construction Limited (the 'company') for the year ended 31 March 2023 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 March 2023 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
Saul Construction Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The specific procedures for this engagement and the extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

- Enquiry of management and those charged with governance around actual and potential litigation and claims;
- Enquiry of entity staff in compliance functions to identify any instances of non-compliance with laws and regulations;
- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
- Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Steven Pepper FCA (Senior Statutory Auditor)
for and on behalf of Kingswood Allotts Limited, Statutory Auditor
Chartered Accountants
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU

1 February 2024

Saul Construction Limited (Registered number: 01106632)

Statement of Comprehensive
Income
For The Year Ended 31 March 2023

2023 2022
Notes £    £   

TURNOVER 3 11,123,992 9,766,621

Cost of sales 9,239,593 7,635,220
GROSS PROFIT 1,884,399 2,131,401

Administrative expenses 716,667 799,750
1,167,732 1,331,651

Other operating income 42,678 56,138
OPERATING PROFIT 5 1,210,410 1,387,789

Interest receivable and similar income 112,269 10,163
1,322,679 1,397,952

Interest payable and similar expenses 6 33,384 19,877
PROFIT BEFORE TAXATION 1,289,295 1,378,075

Tax on profit 7 249,394 252,570
PROFIT FOR THE FINANCIAL YEAR 1,039,901 1,125,505

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR THE YEAR 1,039,901 1,125,505

Saul Construction Limited (Registered number: 01106632)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 1,232,132 1,322,866

CURRENT ASSETS
Stocks 10 8,961,928 8,697,735
Debtors 11 3,391,548 2,605,449
Cash at bank and in hand 5,125,449 4,922,291
17,478,925 16,225,475
CREDITORS
Amounts falling due within one year 12 3,340,990 3,170,955
NET CURRENT ASSETS 14,137,935 13,054,520
TOTAL ASSETS LESS CURRENT LIABILITIES 15,370,067 14,377,386

PROVISIONS FOR LIABILITIES 14 41,566 51,786
NET ASSETS 15,328,501 14,325,600

CAPITAL AND RESERVES
Called up share capital 15 1,750 1,750
Capital redemption reserve 16 500,250 500,250
Retained earnings 16 14,826,501 13,823,600
SHAREHOLDERS' FUNDS 15,328,501 14,325,600

The financial statements were approved by the Board of Directors and authorised for issue on 1 February 2024 and were signed on its behalf by:





J R Saul - Director


Saul Construction Limited (Registered number: 01106632)

Statement of Changes in Equity
For The Year Ended 31 March 2023

Called up Capital
share Retained redemption Total
capital earnings reserve equity
£    £    £    £   
Balance at 1 April 2021 1,750 12,698,095 500,250 13,200,095

Changes in equity
Total comprehensive income - 1,125,505 - 1,125,505
Balance at 31 March 2022 1,750 13,823,600 500,250 14,325,600

Changes in equity
Dividends - (37,000 ) - (37,000 )
Total comprehensive income - 1,039,901 - 1,039,901
Balance at 31 March 2023 1,750 14,826,501 500,250 15,328,501

Saul Construction Limited (Registered number: 01106632)

Cash Flow Statement
For The Year Ended 31 March 2023

2023 2022
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 424,067 (3,140,096 )
Interest paid (12,384 ) -
Finance costs paid - 1,123
Tax paid (200,669 ) (459,719 )
Net cash from operating activities 211,014 (3,598,692 )

Cash flows from investing activities
Purchase of tangible fixed assets (74,676 ) (365,164 )
Sale of tangible fixed assets 1,352 54,956
Interest received 112,269 10,163
Net cash from investing activities 38,945 (300,045 )

Cash flows from financing activities
Amount withdrawn by directors (46,801 ) (42,843 )
Net cash from financing activities (46,801 ) (42,843 )

Increase/(decrease) in cash and cash equivalents 203,158 (3,941,580 )
Cash and cash equivalents at beginning of year 2 4,922,291 8,863,871

Cash and cash equivalents at end of year 2 5,125,449 4,922,291

Saul Construction Limited (Registered number: 01106632)

Notes to the Cash Flow Statement
For The Year Ended 31 March 2023

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS
2023 2022
£    £   
Profit before taxation 1,289,295 1,378,075
Depreciation charges 165,410 217,400
Profit on disposal of fixed assets (1,352 ) (54,956 )
Finance costs 33,384 19,877
Finance income (112,269 ) (10,163 )
1,374,468 1,550,233
Increase in stocks (264,193 ) (2,177,518 )
Increase in trade and other debtors (786,099 ) (1,402,168 )
Increase/(decrease) in trade and other creditors 99,891 (1,110,643 )
Cash generated from operations 424,067 (3,140,096 )

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 March 2023
31.3.23 1.4.22
£    £   
Cash and cash equivalents 5,125,449 4,922,291
Year ended 31 March 2022
31.3.22 1.4.21
£    £   
Cash and cash equivalents 4,922,291 8,863,871


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.22 Cash flow At 31.3.23
£    £    £   
Net cash
Cash at bank and in hand 4,922,291 203,158 5,125,449
4,922,291 203,158 5,125,449
Debt
Debts falling due within 1 year (1,050,000 ) - (1,050,000 )
(1,050,000 ) - (1,050,000 )
Total 3,872,291 203,158 4,075,449

Saul Construction Limited (Registered number: 01106632)

Notes to the Financial Statements
For The Year Ended 31 March 2023

1. STATUTORY INFORMATION

Saul Construction Limited is a private company, limited by shares , registered in England and Wales. 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Turnover on house sales is recognised when a contract for sale is in place and work has been completed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land and buildings - 2% on cost and not provided
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

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

Land and properties held for development are shown at cost including all directly related costs for the site.

Financial instruments
The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost as detailed in note 10. Prepayments are not financial instruments.

Cash at bank - is classified as a basic financial instrument and is measured at face value.

Financial liabilities - trade creditors, accruals, other creditors and preference shares are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition. Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument.

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

Saul Construction Limited (Registered number: 01106632)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

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.

Government grants
These are credited to the profit and loss account over the useful life of the assets to which they relate. Grants in respect of revenue expenses are credited to the profit and loss account in the period the related expenditure is incurred.

Trust
The company previously created a trust whose beneficiaries include employees of the company and their dependents. Assets held under this trust are controlled by trustees who act independently and entirely at their own discretion.

Where assets are held in the trust and these are considered by the company to be in respect of services already provided by employees to the company, the company will account for these as assets of the trust when payment is made to the trust. The value transferred will be charged in the company's profit and loss account for the year to which it relates.

3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

2023 2022
£    £   
House sales 7,644,555 7,504,204
Contract work 3,479,437 2,262,417
11,123,992 9,766,621

4. EMPLOYEES AND DIRECTORS
2023 2022
£    £   
Wages and salaries 2,150,234 1,981,736
Social security costs 226,801 193,531
Other pension costs 45,528 41,593
2,422,563 2,216,860

The average number of employees during the year was as follows:
2023 2022

Directors 1 1
Construction 62 62
63 63

2023 2022
£    £   
Directors' remuneration 7,961 8,114
Directors' pension contributions to money purchase schemes 54 55

Saul Construction Limited (Registered number: 01106632)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023

5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2023 2022
£    £   
Depreciation - owned assets 165,410 217,400
Profit on disposal of fixed assets (1,352 ) (54,956 )
Auditors' remuneration 6,800 6,700
Government grants recognised - (8,264 )
Operating leases - plant and machinery - 422

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2023 2022
£    £   
Interest on corporation tax 12,384 -
A preference share dividend 21,000 19,877
33,384 19,877

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2023 2022
£    £   
Current tax:
UK corporation tax 259,614 200,669
Adjustment for earlier years - 115
Total current tax 259,614 200,784

Deferred tax (10,220 ) 51,786
Tax on profit 249,394 252,570

UK corporation tax has been charged at 19% (2022 - 19%).

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2023 2022
£    £   
Profit before tax 1,289,295 1,378,075
Profit multiplied by the standard rate of corporation tax in the UK of 19% (2022 - 19%) 244,966 261,834

Effects of:
Expenses not deductible for tax purposes 3,990 3,777
Adjustments to tax charge in respect of previous periods - 115
Depreciation on land and buildings 3,730 3,730
Deferred tax asset not provided - (8,500 )
Super deduction adjustment (841 ) (20,814 )
Change in tax rates (2,451 ) 12,428
Total tax charge 249,394 252,570

Saul Construction Limited (Registered number: 01106632)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023

8. DIVIDENDS
2023 2022
£    £   
Ordinary shares of £1 each
Interim 37,000 -

9. TANGIBLE FIXED ASSETS
Freehold Fixtures
land and Plant and and Motor
buildings machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2022 1,181,780 1,833,667 47,550 643,244 3,706,241
Additions - 14,747 - 59,929 74,676
Disposals - (2,221 ) - (9,225 ) (11,446 )
At 31 March 2023 1,181,780 1,846,193 47,550 693,948 3,769,471
DEPRECIATION
At 1 April 2022 234,777 1,589,397 43,851 515,350 2,383,375
Charge for year 19,633 90,651 1,751 53,375 165,410
Eliminated on disposal - (2,221 ) - (9,225 ) (11,446 )
At 31 March 2023 254,410 1,677,827 45,602 559,500 2,537,339
NET BOOK VALUE
At 31 March 2023 927,370 168,366 1,948 134,448 1,232,132
At 31 March 2022 947,003 244,270 3,699 127,894 1,322,866

Included in the cost of land and buildings is freehold land of £200,153 (2022: £200,153) which is not depreciated.

10. STOCKS
2023 2022
£    £   
Raw materials and consumables 13,378 23,594
Land and property for development and sale 8,948,550 8,674,141
8,961,928 8,697,735

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 83,045 707,267
Other debtors 1,755,323 1,810,189
Recoverable on contracts 1,450,000 -
Prepayments and accrued income 103,180 87,993
3,391,548 2,605,449

Saul Construction Limited (Registered number: 01106632)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Preference shares (see note 13) 1,050,000 1,050,000
Payments on account 10,500 13,000
Trade creditors 1,039,860 1,317,910
Taxation 259,614 200,669
Other taxes and social security 273,137 68,814
Other creditors 389,756 206,937
Directors' loan accounts 65,054 74,855
Accruals and deferred income 253,069 238,770
3,340,990 3,170,955

13. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Preference shares 1,050,000 1,050,000

Details of shares shown as liabilities are as follows:

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,050,000 A Preference £1 1,050,000 1,050,000

14. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax
Accelerated capital allowances 41,566 51,786

Deferred
tax
£   
Balance at 1 April 2022 51,786
Movement during the year (10,220 )
Balance at 31 March 2023 41,566

Deferred tax has been provided at 25% (2022: 25%). Subject to further capital expenditure, £31,000 is expected to reverse within one year.

15. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,750 Ordinary £1 1,750 1,750

Saul Construction Limited (Registered number: 01106632)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023

16. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 April 2022 13,823,600 500,250 14,323,850
Profit for the year 1,039,901 1,039,901
Dividends (37,000 ) (37,000 )
At 31 March 2023 14,826,501 500,250 15,326,751

17. RELATED PARTY DISCLOSURES

During the year the following balances were outstanding to or from related parties

2023 2022
£ £
Amount due to other related parties161,339-
Amount due from other related parties3,143,4031,977,589
Amounts due to directors65,05474,855

The amounts due are unsecured, repayable on demand and interest free.

During the year, the company provided services and made recharges to related parties amounting to £3,753,222 and received services from a related party amounting to £60,000.

Key Management Personnel Remuneration

There are no key management personnel except the directors, whose remuneration is disclosed in note 4.