Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity11falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06597460 2022-04-01 2023-03-31 06597460 2021-04-01 2022-03-31 06597460 2023-03-31 06597460 2022-03-31 06597460 c:Director1 2022-04-01 2023-03-31 06597460 d:PlantMachinery 2022-04-01 2023-03-31 06597460 d:PlantMachinery 2023-03-31 06597460 d:PlantMachinery 2022-03-31 06597460 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06597460 d:MotorVehicles 2022-04-01 2023-03-31 06597460 d:MotorVehicles 2023-03-31 06597460 d:MotorVehicles 2022-03-31 06597460 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06597460 d:OfficeEquipment 2022-04-01 2023-03-31 06597460 d:OfficeEquipment 2023-03-31 06597460 d:OfficeEquipment 2022-03-31 06597460 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06597460 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 06597460 d:CurrentFinancialInstruments 2023-03-31 06597460 d:CurrentFinancialInstruments 2022-03-31 06597460 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06597460 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 06597460 d:ShareCapital 2023-03-31 06597460 d:ShareCapital 2022-03-31 06597460 d:RetainedEarningsAccumulatedLosses 2023-03-31 06597460 d:RetainedEarningsAccumulatedLosses 2022-03-31 06597460 c:FRS102 2022-04-01 2023-03-31 06597460 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 06597460 c:FullAccounts 2022-04-01 2023-03-31 06597460 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Company registration number: 06597460







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2023


SA ENGINEERING LIMITED






































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SA ENGINEERING LIMITED
REGISTERED NUMBER:06597460



STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
530
757

  
530
757

Current assets
  

Debtors: amounts falling due within one year
 5 
89,656
108,435

Cash at bank and in hand
  
23,127
21,367

  
112,783
129,802

Creditors: amounts falling due within one year
 6 
(79,539)
(84,172)

Net current assets
  
 
 
33,244
 
 
45,630

Total assets less current liabilities
  
33,774
46,387

  

Net assets
  
33,774
46,387


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
33,674
46,287

  
33,774
46,387


Page 1

 


SA ENGINEERING LIMITED
REGISTERED NUMBER:06597460


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
S Arnold
Director

Date: 1 March 2024

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


SA ENGINEERING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

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

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Page 3

 


SA ENGINEERING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
on cost
Motor vehicles
-
20%
on cost
Office equipment
-
25%
on cost

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Page 4

 


SA ENGINEERING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)


2.7
Financial instruments (continued)


Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2022
621
19,150
3,125
22,896



At 31 March 2023

621
19,150
3,125
22,896



Depreciation


At 1 April 2022
621
19,150
2,368
22,139


Charge for the year on owned assets
-
-
227
227



At 31 March 2023

621
19,150
2,595
22,366



Net book value



At 31 March 2023
-
-
530
530



At 31 March 2022
-
-
757
757

Page 5

 


SA ENGINEERING LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Debtors

2023
2022
£
£


Trade debtors
17,774
37,331

Other debtors
71,882
71,104

89,656
108,435



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
-
1,758

Corporation tax
9,742
26,750

Other taxation and social security
67,797
54,014

Accruals and deferred income
2,000
1,650

79,539
84,172


 
Page 6