Registered number
11195592
Savage Controls Ltd
Filleted Accounts
31 March 2024
Savage Controls Ltd
Registered number: 11195592
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 76,612 2,250
Current assets
Debtors 4 59,039 10,187
Cash at bank and in hand 26,866 34,017
85,905 44,204
Creditors: amounts falling due within one year 5 (47,559) (19,546)
Net current assets 38,346 24,658
Total assets less current liabilities 114,958 26,908
Creditors: amounts falling due after more than one year 6 (53,264) -
Net assets 61,694 26,908
Capital and reserves
Called up share capital 1 1
Profit and loss account 61,693 26,907
Shareholder's funds 61,694 26,908
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.
………………………….
C Savage
Director
Approved by the board on 16 August 2024
Savage Controls Ltd
Notes to the Accounts
for the year ended 31 March 2024
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:
Fixtures, fittings, tools and equipment 25% reducing balance
Motor Vechicles 25% reducing balance
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 4,892 - 4,892
Additions 1,633 80,400 82,033
At 31 March 2024 6,525 80,400 86,925
Depreciation
At 1 April 2023 2,642 - 2,642
Charge for the year 971 6,700 7,671
At 31 March 2024 3,613 6,700 10,313
Net book value
At 31 March 2024 2,912 73,700 76,612
At 31 March 2023 2,250 - 2,250
4 Debtors 2024 2023
£ £
Trade debtors 52,770 10,187
CIS 5,315 -
Other debtors 954 -
59,039 10,187
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 12,684 -
Trade creditors 140 -
Taxation and social security costs 29,412 11,734
Director's account 5,323 7,813
Other creditors - (1)
47,559 19,546
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 53,264 -
7 Other information
Savage Controls Ltd is a private company limited by shares and incorporated in England. Its registered office is:
56 Hockliffe Road
Leighton Buzzard
Bedfordshire
LU7 3FN
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