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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
Page
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Sagittar Civil Engineering Limited Company Information for the year ended 31 January 2024
Director
Benjamin Fabian
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
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Sagittar Civil Engineering Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
29,173 
38,637 
Current assets
Debtors
13,721 
5,471 
Cash at bank and in hand
9,746 
2,261 
23,467 
7,732 
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
Deferred tax
(3,814)
(119)
Net assets
1,790 
2,626 
Capital and reserves
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
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Sagittar Civil Engineering Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
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 taxation
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.
Leased assets
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.
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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 
Depreciation
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 
Net book value
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 
2024 
2023 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
23,483 
31,311 
- Computer equipment
- 
1,232 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,560 
- 
Other debtors
12,161 
5,471 
13,721 
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 
Accruals
720 
720 
Deferred income
12,161 
- 
23,716 
11,298 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
7,562 
9,209 
Obligations under finance leases and hire purchase contracts
15,758 
23,117 
23,320 
32,326 
A BB Loan is included with a repayment term of 5 years. HP falling due after 12 months
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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 
2024 
2023 
£ 
£ 
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.
9
Share capital
2024 
2023 
£ 
£ 
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).
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