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REGISTERED NUMBER: 07428890 (England and Wales)















REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

SAGE DEVELOPMENTS (SW) LIMITED

SAGE DEVELOPMENTS (SW) LIMITED (REGISTERED NUMBER: 07428890)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Report of the Director 2

Balance Sheet 3

Notes to the Financial Statements 5


SAGE DEVELOPMENTS (SW) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Mr S A Harvey





REGISTERED OFFICE: 584 Wellsway
Bath
Somerset
BA2 2UE





REGISTERED NUMBER: 07428890 (England and Wales)





ACCOUNTANTS: JRS Accountants Limited
584 Wellsway
Bath
Somerset
BA2 2UE

SAGE DEVELOPMENTS (SW) LIMITED (REGISTERED NUMBER: 07428890)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 30 NOVEMBER 2023


The director presents his report with the financial statements of the company for the year ended 30 November 2023.

DIRECTOR
Mr S A Harvey held office during the whole of the period from 1 December 2022 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Mr S A Harvey - Director


23 August 2024

SAGE DEVELOPMENTS (SW) LIMITED (REGISTERED NUMBER: 07428890)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 101,811 107,310

CURRENT ASSETS
Stocks - 18,500
Debtors 5 331,730 273,963
Cash at bank - 15,490
331,730 307,953
CREDITORS
Amounts falling due within one year 6 (301,620 ) (247,271 )
NET CURRENT ASSETS 30,110 60,682
TOTAL ASSETS LESS CURRENT
LIABILITIES

131,921

167,992

CREDITORS
Amounts falling due after more than one
year

7

(53,883

)

(75,498

)

PROVISIONS FOR LIABILITIES (14,478 ) (18,280 )
NET ASSETS 63,560 74,214

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 63,559 74,213
SHAREHOLDERS' FUNDS 63,560 74,214

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SAGE DEVELOPMENTS (SW) LIMITED (REGISTERED NUMBER: 07428890)

BALANCE SHEET - continued
30 NOVEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the director and authorised for issue on 23 August 2024 and were signed by:





Mr S A Harvey - Director


SAGE DEVELOPMENTS (SW) LIMITED (REGISTERED NUMBER: 07428890)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

Sage Developments (SW) 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Equipment - 25% on reducing balance

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 Income Statement, 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.

SAGE DEVELOPMENTS (SW) LIMITED (REGISTERED NUMBER: 07428890)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Equipment Totals
£    £    £    £   
COST
At 1 December 2022 139,982 105,550 3,362 248,894
Additions - 36,578 - 36,578
At 30 November 2023 139,982 142,128 3,362 285,472
DEPRECIATION
At 1 December 2022 66,687 72,280 2,617 141,584
Charge for year 18,324 23,567 186 42,077
At 30 November 2023 85,011 95,847 2,803 183,661
NET BOOK VALUE
At 30 November 2023 54,971 46,281 559 101,811
At 30 November 2022 73,295 33,270 745 107,310

SAGE DEVELOPMENTS (SW) LIMITED (REGISTERED NUMBER: 07428890)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 December 2022 127,921 53,600 181,521
Additions - 36,578 36,578
Reclassification/transfer - (19,300 ) (19,300 )
At 30 November 2023 127,921 70,878 198,799
DEPRECIATION
At 1 December 2022 59,154 31,871 91,025
Charge for year 17,192 19,537 36,729
Reclassification/transfer - (14,720 ) (14,720 )
At 30 November 2023 76,346 36,688 113,034
NET BOOK VALUE
At 30 November 2023 51,575 34,190 85,765
At 30 November 2022 68,767 21,729 90,496

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 199,711 265,332
Other debtors 4,000 2,614
Directors' loan accounts 95,137 -
Tax 32,109 2,761
Prepayments 773 3,256
331,730 273,963

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 22,786 10,000
Hire purchase contracts and finance leases 38,440 38,644
Payments on account 3,288 -
Trade creditors 88,372 153,843
Tax 48,926 -
Social security and other taxes 36,330 30,090
VAT 52,478 10,844
Other creditors 7,500 -
Directors' loan accounts - 350
Accrued expenses 3,500 3,500
301,620 247,271

SAGE DEVELOPMENTS (SW) LIMITED (REGISTERED NUMBER: 07428890)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 15,000 25,000
Hire purchase contracts and finance leases 38,883 50,498
53,883 75,498