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REGISTERED NUMBER: 04382623 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Nettleship Sawyer Limited

Nettleship Sawyer Limited (Registered number: 04382623)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Nettleship Sawyer Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mrs A R Sawyer
S J Tomkins
S Chiari





SECRETARY: Mrs A R Sawyer





REGISTERED OFFICE: Heliting House
35 Richmond Hill
Bournemouth
Dorset
BH2 6HT





REGISTERED NUMBER: 04382623 (England and Wales)





ACCOUNTANTS: Stephen Penny and Partners Limited
Chartered Certified Accountants
and Business Advisors
898-902 Wimborne Road
Bournemouth
Dorset
BH9 2DW

Nettleship Sawyer Limited (Registered number: 04382623)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 134,833 185,332
Tangible assets 5 10,401 11,245
145,234 196,577

CURRENT ASSETS
Debtors 6 118,608 95,819
Cash at bank and in hand 86,856 185,603
205,464 281,422
CREDITORS
Amounts falling due within one year 7 258,368 287,965
NET CURRENT LIABILITIES (52,904 ) (6,543 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,330

190,034

CREDITORS
Amounts falling due after more than one
year

8

(108,649

)

(152,889

)

PROVISIONS FOR LIABILITIES (2,186 ) (1,784 )
NET (LIABILITIES)/ASSETS (18,505 ) 35,361

CAPITAL AND RESERVES
Called up share capital 204 204
Retained earnings (18,709 ) 35,157
SHAREHOLDERS' FUNDS (18,505 ) 35,361

Nettleship Sawyer Limited (Registered number: 04382623)

Balance Sheet - continued
31 October 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2024 and were signed on its behalf by:




S Chiari - Director



Mrs A R Sawyer - Director


Nettleship Sawyer Limited (Registered number: 04382623)

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

1. STATUTORY INFORMATION

Nettleship Sawyer 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. 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.

Goodwill
Goodwill, being the amounts paid in connection with the acquisition of businesses in 2002 and 2021, is being amortised evenly over their estimated useful lives of twenty and five 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.
Land and buildings - in accordance with the property
Plant and machinery etc - 25% 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 balance sheet date.


Nettleship Sawyer Limited (Registered number: 04382623)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 772,998
AMORTISATION
At 1 November 2022 587,666
Charge for year 50,499
At 31 October 2023 638,165
NET BOOK VALUE
At 31 October 2023 134,833
At 31 October 2022 185,332

Nettleship Sawyer Limited (Registered number: 04382623)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 1,910 88,948 90,858
Additions - 2,586 2,586
At 31 October 2023 1,910 91,534 93,444
DEPRECIATION
At 1 November 2022 1,035 78,578 79,613
Charge for year 191 3,239 3,430
At 31 October 2023 1,226 81,817 83,043
NET BOOK VALUE
At 31 October 2023 684 9,717 10,401
At 31 October 2022 875 10,370 11,245

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 98,422 69,359
Amounts recoverable on contract 10,919 18,340
Other debtors 9,267 8,120
118,608 95,819

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 8,513 14,779
Taxation and social security 77,847 89,786
Other creditors 162,008 173,400
258,368 287,965

Nettleship Sawyer Limited (Registered number: 04382623)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 25,000 35,000
Other creditors 83,649 117,889
108,649 152,889