2022-06-012023-05-312023-05-31false12004493SAGE DECORATING 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SAGE DECORATING LIMITED

Registered Number
12004493
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2023

SAGE DECORATING LIMITED
Company Information
for the year from 1 June 2022 to 31 May 2023

Director

SAGE, Neil

Registered Address

35/37 St Leonards Road
Northampton
NN4 8DL

Registered Number

12004493 (England and Wales)
SAGE DECORATING LIMITED
Balance Sheet as at
31 May 2023

Notes

2023

2022

£

£

£

£

Current assets
Debtors61,9973,195
Cash at bank and on hand4,7932,439
6,7905,634
Creditors amounts falling due within one year7(6,677)(5,514)
Net current assets (liabilities)113120
Total assets less current liabilities113120
Net assets113120
Capital and reserves
Called up share capital100100
Profit and loss account1320
Shareholders' funds113120
The financial statements were approved and authorised for issue by the Director on 1 February 2024, and are signed on its behalf by:
SAGE, Neil
Director
Registered Company No. 12004493
SAGE DECORATING LIMITED
Notes to the Financial Statements
for the year ended 31 May 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company is Decorating
4.Accounting policies
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
5.Employee information

20232022
Average number of employees during the year00
6.Debtors

2023

2022

££
Trade debtors / trade receivables1,9961,508
Other debtors11,687
Total1,9973,195
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2023

2022

££
Taxation and social security3,1434,191
Other creditors1,735-
Accrued liabilities and deferred income1,7991,323
Total6,6775,514
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.