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REGISTERED NUMBER: 03941062 (England and Wales)







Financial Statements for the Year Ended 31st March 2024

for

Sailes Marketing Limited

Sailes Marketing Limited (Registered number: 03941062)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Sailes Marketing Limited

Company Information
for the Year Ended 31st March 2024







DIRECTORS: M J Sailes
Mrs J Sailes





SECRETARY: Mrs J Sailes





REGISTERED OFFICE: 15 Aintree Road
Keytec 7 Business Park
Wyre Road
Pershore
Worcestershire
WR10 2JN





REGISTERED NUMBER: 03941062 (England and Wales)





ACCOUNTANTS: The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU

Sailes Marketing Limited (Registered number: 03941062)

Abridged Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,901 3,108
Investment property 6 250,000 250,000
251,901 253,108

CURRENT ASSETS
Stocks 21,534 29,216
Debtors 18,150 17,477
Cash at bank 63,738 76,108
103,422 122,801
CREDITORS
Amounts falling due within one year 87,695 99,944
NET CURRENT ASSETS 15,727 22,857
TOTAL ASSETS LESS CURRENT
LIABILITIES

267,628

275,965

CREDITORS
Amounts falling due after more than one
year

(31,319

)

(45,963

)

PROVISIONS FOR LIABILITIES (6,462 ) (6,581 )
NET ASSETS 229,847 223,421

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Non-distributable reserve 8 25,537 25,537
Retained earnings 199,310 192,884
SHAREHOLDERS' FUNDS 229,847 223,421

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

Sailes Marketing Limited (Registered number: 03941062)

Abridged Balance Sheet - continued
31st March 2024


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 Balance Sheet for the year ended 31st March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

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




M J Sailes - Director



Mrs J Sailes - Director


Sailes Marketing Limited (Registered number: 03941062)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

Sailes Marketing 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 as modified by the revaluation of certain assets.

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 amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of twenty 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 - 25% on cost
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Sailes Marketing Limited (Registered number: 03941062)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2023
and 31st March 2024 200,000
AMORTISATION
At 1st April 2023
and 31st March 2024 200,000
NET BOOK VALUE

At 31st March 2024 -
At 31st March 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2023 38,448
Disposals (2,990 )
At 31st March 2024 35,458
DEPRECIATION
At 1st April 2023 35,340
Charge for year 511
Eliminated on disposal (2,294 )
At 31st March 2024 33,557
NET BOOK VALUE
At 31st March 2024 1,901
At 31st March 2023 3,108

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2023
and 31st March 2024 250,000
NET BOOK VALUE
At 31st March 2024 250,000
At 31st March 2023 250,000

Sailes Marketing Limited (Registered number: 03941062)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

6. INVESTMENT PROPERTY - continued

Fair value at 31st March 2024 is represented by:
£   
Valuation in 2018 21,527
Valuation in 2019 15,000
Valuation in 2021 (15,000 )
Valuation in 2023 10,000
Cost 218,473
250,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 218,473 218,473

Investment property was valued on an open market basis on 31st March 2024 by the board of Directors .

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 46,524 60,059

8. RESERVES
Non-distributable
reserve
£   
At 1st April 2023
and 31st March 2024 25,537