Company Registration No. 11795332 (England and Wales)
Sagittar Civil Engineering Limited
Unaudited accounts
for the year ended 31 January 2024
Sagittar Civil Engineering Limited
Unaudited accounts
Contents
Sagittar Civil Engineering Limited
Company Information
for the year ended 31 January 2024
Company Number
11795332 (England and Wales)
Registered Office
112-113 High Street
LINCOLN
LN5 7PY
UNITED KINGDOM
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA
Templar Accounting & Business Support
Services Limited (Incorp: Blake and Co )
112 - 113 High Street,
Lincoln, Lincolnshire
LN5 7PY
Sagittar Civil Engineering Limited
Statement of financial position
as at 31 January 2024
Tangible assets
29,173
38,637
Cash at bank and in hand
9,746
2,261
Creditors: amounts falling due within one year
(23,716)
(11,298)
Net current liabilities
(249)
(3,566)
Total assets less current liabilities
28,924
35,071
Creditors: amounts falling due after more than one year
(23,320)
(32,326)
Provisions for liabilities
Called up share capital
100
100
Capital contribution reserve
10,000
10,000
Profit and loss account
(8,310)
(7,474)
Shareholders' funds
1,790
2,626
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 August 2024 and were signed on its behalf by
Benjamin Fabian
Director
Company Registration No. 11795332
Sagittar Civil Engineering Limited
Notes to the Accounts
for the year ended 31 January 2024
Sagittar Civil Engineering Limited is a private company, limited by shares, registered in England and Wales, registration number 11795332. The registered office is 112-113 High Street, LINCOLN, LN5 7PY, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Fixtures & fittings
20% Reducing balance
Computer equipment
20% Reducing balance
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Sagittar Civil Engineering Limited
Notes to the Accounts
for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2023
7,025
41,748
1,450
4,683
54,906
At 31 January 2024
7,025
41,748
1,450
4,683
54,906
At 1 February 2023
3,416
10,437
855
1,561
16,269
Charge for the year
793
7,828
119
724
9,464
At 31 January 2024
4,209
18,265
974
2,285
25,733
At 31 January 2024
2,816
23,483
476
2,398
29,173
At 31 January 2023
3,609
31,311
595
3,122
38,637
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
23,483
31,311
- Computer equipment
-
1,232
Amounts falling due within one year
Other debtors
12,161
5,471
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,000
3,000
Obligations under finance leases and hire purchase contracts
7,359
7,359
Taxes and social security
-
105
Loans from directors
476
114
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
15,758
23,117
A BB Loan is included with a repayment term of 5 years.
HP falling due after 12 months
Sagittar Civil Engineering Limited
Notes to the Accounts
for the year ended 31 January 2024
8
Deferred taxation
2024
2023
Accelerated capital allowances
3,814
119
Provision at start of year
119
119
Charged to the profit and loss account
3,695
-
Provision at end of year
3,814
119
A deferred taxation reserve has been created due to accelerated capital allowances
These reserves will reverse in future periods creating a tax liability at the prevailing rate on the day.
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 1 (2023: 1).