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REGISTERED NUMBER: 03632093 (England and Wales)















SAGE BUILDING ENVELOPE CONTRACTORS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023






SAGE BUILDING ENVELOPE CONTRACTORS LTD (REGISTERED NUMBER: 03632093)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SAGE BUILDING ENVELOPE CONTRACTORS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: J R Leach
T Walch
A Cauvain
L Gaskin
D G R Bucke



REGISTERED OFFICE: Sovereign House
12 Warwick Street
Coventry
West Midlands
CV5 6ET



REGISTERED NUMBER: 03632093 (England and Wales)



ACCOUNTANTS: Burrows Scarborough
Sovereign House
12 Warwick Street
Coventry
West Midlands
CV5 6ET



BANKERS: HSBC
Po Box 24
55 Corporation Street
Coventry
West Midlands
CV1 1QJ

SAGE BUILDING ENVELOPE CONTRACTORS LTD (REGISTERED NUMBER: 03632093)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 157,046 170,860

CURRENT ASSETS
Debtors 5 711,542 732,698
Prepayments and accrued income 23,126 31,540
Cash at bank and in hand 1,432,152 1,523,922
2,166,820 2,288,160
CREDITORS
Amounts falling due within one year 6 1,375,141 1,513,406
NET CURRENT ASSETS 791,679 774,754
TOTAL ASSETS LESS CURRENT
LIABILITIES

948,725

945,614

CREDITORS
Amounts falling due after more than one
year

7

(98,072

)

(164,644

)

PROVISIONS FOR LIABILITIES (3,151 ) (7,300 )

ACCRUALS AND DEFERRED INCOME (110,845 ) (47,444 )
NET ASSETS 736,657 726,226

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 736,557 726,126
SHAREHOLDERS' FUNDS 736,657 726,226

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 February 2024 and were signed on its behalf by:




T Walch - Director


SAGE BUILDING ENVELOPE CONTRACTORS LTD (REGISTERED NUMBER: 03632093)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Sage Building Envelope Contractors Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The financial statements are rounded to the nearest £1.

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
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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - Over the life of the lease
Plant and machinery etc - 33% on cost, 25% on reducing balance, 15% on reducing balance and 10% on cost

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Leases
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Employee 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.

SAGE BUILDING ENVELOPE CONTRACTORS LTD (REGISTERED NUMBER: 03632093)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2. ACCOUNTING POLICIES - continued

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2022 720 335,882 336,602
Additions - 36,463 36,463
At 30 September 2023 720 372,345 373,065
DEPRECIATION
At 1 October 2022 720 165,022 165,742
Charge for year - 50,277 50,277
At 30 September 2023 720 215,299 216,019
NET BOOK VALUE
At 30 September 2023 - 157,046 157,046
At 30 September 2022 - 170,860 170,860

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2022 166,279
Additions 29,990
At 30 September 2023 196,269
DEPRECIATION
At 1 October 2022 32,092
Charge for year 41,050
At 30 September 2023 73,142
NET BOOK VALUE
At 30 September 2023 123,127
At 30 September 2022 134,187

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 532,101 578,100
Other debtors 179,441 154,598
711,542 732,698

SAGE BUILDING ENVELOPE CONTRACTORS LTD (REGISTERED NUMBER: 03632093)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 37,565 49,226
Hire purchase contracts 35,516 14,484
Trade creditors 880,095 1,304,280
Taxation and social security 121,591 89,935
Other creditors 300,374 55,481
1,375,141 1,513,406

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 58,541 80,892
Hire purchase contracts 39,531 83,752
98,072 164,644