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REGISTERED NUMBER: 12642070 (England and Wales)


Financial Statements for the Year Ended 30 June 2023

for

S&A 50 Ltd

S&A 50 Ltd (Registered number: 12642070)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


S&A 50 Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTOR: Mr Arwinder Singh





SECRETARIES: Mr Surinder Singh Bains
Mr Arwinder Singh





REGISTERED OFFICE: Bridge House
9 - 13 Holbrook Lane
Coventry
United Kingdom
CV6 4AD





REGISTERED NUMBER: 12642070 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

S&A 50 Ltd (Registered number: 12642070)

Statement of Financial Position
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 110,000
Property, plant and equipment 5 - 129,779
- 239,779

CURRENT ASSETS
Inventories - 4,525
Debtors 6 - 20,372
Cash at bank and in hand 100 29,008
100 53,905
CREDITORS
Amounts falling due within one year 7 - 47,844
NET CURRENT ASSETS 100 6,061
TOTAL ASSETS LESS CURRENT
LIABILITIES

100

245,840

CREDITORS
Amounts falling due after more than one
year

8

-

229,700
NET ASSETS 100 16,140

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings - 16,040
SHAREHOLDERS' FUNDS 100 16,140

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

S&A 50 Ltd (Registered number: 12642070)

Statement of Financial Position - continued
30 June 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 April 2024 and were signed by:





Mr Arwinder Singh - Director


S&A 50 Ltd (Registered number: 12642070)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

S&A 50 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2022 - 70 ) .

S&A 50 Ltd (Registered number: 12642070)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022 110,000
Disposals (110,000 )
At 30 June 2023 -
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 110,000

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 July 2022 210,611
Disposals (210,611 )
At 30 June 2023 -
DEPRECIATION
At 1 July 2022 80,832
Charge for year 32,445
Eliminated on disposal (113,277 )
At 30 June 2023 -
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 129,779

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors - 13,500
Other debtors - 6,872
- 20,372

S&A 50 Ltd (Registered number: 12642070)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors - 32,285
Taxation and social security - 14,781
Other creditors - 778
- 47,844

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans - 229,700

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
100 Ordinary £1 100 100