Registered number
12749751
SAINT-MIHIEL LIMITED
Filleted Accounts
31 March 2023
SAINT-MIHIEL LIMITED
Registered number: 12749751
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 18,245 33,863
Current assets
Debtors 4 184,378 65,564
Cash at bank and in hand 24,402 18,876
208,780 84,440
Creditors: amounts falling due within one year 5 (133,992) (49,550)
Net current assets 74,788 34,890
Total assets less current liabilities 93,033 68,753
Creditors: amounts falling due after more than one year 6 (11,631) (47,678)
Net assets 81,402 21,075
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 80,402 20,075
Shareholder's funds 81,402 21,075
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Timothy Anthony Platt
Director
Approved by the board on 14 August 2024
SAINT-MIHIEL LIMITED
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 30 % Reducing balance
Fittings & Fixtures 20 % Reducing balance
Motor Vehicle 20 % Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Pensions
Employers contributions to Nest pension scheme are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 50 21
3 Tangible fixed assets
Fittings & Fixtures Plant and machinery Motor vehicles Total
£ £ £ £
Cost
At 1 April 2022 1,082 20,871 32,533 54,486
Additions - 16,161 - 16,161
At 31 March 2023 1,082 37,032 32,533 70,647
Depreciation
At 1 April 2022 389 11,775 8,459 20,623
Charge for the year 128 7,577 4,815 12,520
On disposals - - 19,259 19,259
At 31 March 2023 517 19,352 32,533 52,402
Net book value
At 31 March 2023 565 17,680 - 18,245
At 31 March 2022 693 9,096 24,074 33,863
4 Debtors 2023 2022
£ £
Trade debtors 114,783 53,432
CIS Suffered 26,202
Prepayments 1,500 -
Director's Loan 41,893 12,132
184,378 65,564
5 Creditors: amounts falling due within one year 2023 2022
£ £
Wages 21,093 7,749
Taxation and social security costs 104,815 41,301
Other creditors 8,084 500
133,992 49,550
6 Creditors: amounts falling due after one year 2023 2022
£ £
Loan 10,000 20,000
Obligations under finance lease and hire purchase contracts 1,431 27,478
Other creditors 200 200
11,631 47,678
7 Other information
SAINT-MIHIEL LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
3 Piccadilly Place
Manchester
United Kingdom
M1 3BN
8 Related party transactions
During the year company provided an unsecured loan of £41,893 [ Year 2022 - £12,132 ] to the director.No interest is charged on the balance.At the balance sheet date,the loan is still outstanding.
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