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REGISTERED NUMBER: 13721554 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

SAXON & CO ACCOUNTANTS LIMITED

SAXON & CO ACCOUNTANTS LIMITED (REGISTERED NUMBER: 13721554)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SAXON & CO ACCOUNTANTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: M P Saxon





REGISTERED OFFICE: Kings Chambers
Queens Cross
High Street
Dudley
West Midlands
DY1 1QT





REGISTERED NUMBER: 13721554 (England and Wales)





ACCOUNTANTS: Saxon & Co Accountants Ltd
Chartered Certified Accountants
Kings Chambers
Queens Cross
High Street
Dudley
West Midlands
DY1 1QT

SAXON & CO ACCOUNTANTS LIMITED (REGISTERED NUMBER: 13721554)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 244,445 262,778
Tangible assets 5 7,260 7,789
251,705 270,567

CURRENT ASSETS
Debtors 6 179,638 169,703
Cash at bank 70,759 50,966
250,397 220,669
CREDITORS
Amounts falling due within one year 7 208,642 196,085
NET CURRENT ASSETS 41,755 24,584
TOTAL ASSETS LESS CURRENT
LIABILITIES

293,460

295,151

CREDITORS
Amounts falling due after more than one year 8 (269,937 ) (265,356 )

PROVISIONS FOR LIABILITIES 9 (1,379 ) (1,480 )
NET ASSETS 22,144 28,315

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 22,143 28,314
SHAREHOLDERS' FUNDS 22,144 28,315

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.

SAXON & CO ACCOUNTANTS LIMITED (REGISTERED NUMBER: 13721554)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 August 2024 and were signed by:





M P Saxon - Director


SAXON & CO ACCOUNTANTS LIMITED (REGISTERED NUMBER: 13721554)

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

1. STATUTORY INFORMATION

Saxon & Co Accountants 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 represents invoiced sales of services net of VAT, except in respect of service contracts. Where a contract has only been partially completed at the balance sheet date, turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the balance sheet date.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

SAXON & CO ACCOUNTANTS LIMITED (REGISTERED NUMBER: 13721554)

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

2. ACCOUNTING POLICIES - continued

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 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 275,000
AMORTISATION
At 1 December 2022 12,222
Amortisation for year 18,333
At 30 November 2023 30,555
NET BOOK VALUE
At 30 November 2023 244,445
At 30 November 2022 262,778

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2022 1,615 7,937 9,552
Additions 237 2,617 2,854
At 30 November 2023 1,852 10,554 12,406
DEPRECIATION
At 1 December 2022 236 1,527 1,763
Charge for year 404 2,979 3,383
At 30 November 2023 640 4,506 5,146
NET BOOK VALUE
At 30 November 2023 1,212 6,048 7,260
At 30 November 2022 1,379 6,410 7,789

SAXON & CO ACCOUNTANTS LIMITED (REGISTERED NUMBER: 13721554)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 118,553 53,799
Amounts recoverable on contract 59,623 114,403
Prepayments 1,462 1,501
179,638 169,703

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 16,120 41,076
Tax 10,818 7,704
Social security and other taxes 112 3,699
VAT 36,721 13,337
Other creditors 127,610 123,758
Directors' current accounts 9,028 3,807
Accrued expenses 8,233 2,704
208,642 196,085

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 269,937 265,356

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 1,379 1,480

Deferred
tax
£   
Balance at 1 December 2022 1,480
Provided during year (101 )
Balance at 30 November 2023 1,379

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1 1 1

SAXON & CO ACCOUNTANTS LIMITED (REGISTERED NUMBER: 13721554)

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

11. RELATED PARTY DISCLOSURES

The director does not consider that the company has entered into any material transactions with related parties, including the owner, director and related entity, that have not been concluded under normal market conditions.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is M P Saxon.