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REGISTERED NUMBER: 05465549 (England and Wales)















Saunders Property Services Limited

Unaudited Financial Statements

for the Year Ended 31 May 2023






Saunders Property Services Limited (Registered number: 05465549)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Saunders Property Services Limited

Company Information
for the Year Ended 31 May 2023







DIRECTORS: Mrs L M Saunders
S J Saunders



REGISTERED OFFICE: 4 King Square
Bridgwater
Somerset
TA6 3YF



REGISTERED NUMBER: 05465549 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: Barclays Bank plc
16 High Street
Bridgwater
Somerset
TA6 3DX

Saunders Property Services Limited (Registered number: 05465549)

Abridged Statement of Financial Position
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,205 2,515

CURRENT ASSETS
Debtors 25,072 16,956
Cash at bank and in hand 12,984 23,678
38,056 40,634
CREDITORS
Amounts falling due within one year 26,880 27,473
NET CURRENT ASSETS 11,176 13,161
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,381

15,676

PROVISIONS FOR LIABILITIES 444 431
NET ASSETS 12,937 15,245

CAPITAL AND RESERVES
Called up share capital 180 180
Retained earnings 12,757 15,065
SHAREHOLDERS' FUNDS 12,937 15,245

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Saunders Property Services Limited (Registered number: 05465549)

Abridged Statement of Financial Position - continued
31 May 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by:





S J Saunders - Director


Saunders Property Services Limited (Registered number: 05465549)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Saunders Property Services 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.
Plant and machinery etc - 33% on reducing balance and 15% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Saunders Property Services Limited (Registered number: 05465549)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022 20,517
Additions 563
At 31 May 2023 21,080
DEPRECIATION
At 1 June 2022 18,002
Charge for year 873
At 31 May 2023 18,875
NET BOOK VALUE
At 31 May 2023 2,205
At 31 May 2022 2,515

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2023 and 31 May 2022:

31.5.23 31.5.22
£    £   
Mrs L M Saunders and S J Saunders
Balance outstanding at start of year 13,394 14,135
Amounts advanced 8,061 -
Amounts repaid - (741 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,455 13,394

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs L M Saunders and S J Saunders.

The company was controlled throughout the current and previous period by its directors, Mrs L M Saunders and S J Saunders, by virtue of the fact that, between them, they own all of the company's issued share capital.