IRIS Accounts Production v24.2.0.383 11730683 director 1.1.23 31.12.23 31.12.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh117306832022-12-31117306832023-12-31117306832023-01-012023-12-31117306832021-12-31117306832022-01-012022-12-31117306832022-12-3111730683ns15:EnglandWales2023-01-012023-12-3111730683ns14:PoundSterling2023-01-012023-12-3111730683ns10:Director12023-01-012023-12-3111730683ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3111730683ns10:SmallEntities2023-01-012023-12-3111730683ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3111730683ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3111730683ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3111730683ns10:FullAccounts2023-01-012023-12-311173068312023-01-012023-12-3111730683ns10:OrdinaryShareClass12023-01-012023-12-3111730683ns10:CompanySecretary12023-01-012023-12-3111730683ns10:RegisteredOffice2023-01-012023-12-3111730683ns5:CurrentFinancialInstruments2023-12-3111730683ns5:CurrentFinancialInstruments2022-12-3111730683ns5:Non-currentFinancialInstruments2023-12-3111730683ns5:Non-currentFinancialInstruments2022-12-3111730683ns5:ShareCapital2023-12-3111730683ns5:ShareCapital2022-12-3111730683ns5:RetainedEarningsAccumulatedLosses2023-12-3111730683ns5:RetainedEarningsAccumulatedLosses2022-12-3111730683ns5:NetGoodwill2023-01-012023-12-3111730683ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3111730683ns5:PlantMachinery2023-01-012023-12-3111730683ns5:MotorVehicles2023-01-012023-12-3111730683ns5:NetGoodwill2022-12-3111730683ns5:NetGoodwill2023-12-3111730683ns5:NetGoodwill2022-12-3111730683ns5:PlantMachinery2022-12-3111730683ns5:MotorVehicles2022-12-3111730683ns5:PlantMachinery2023-12-3111730683ns5:MotorVehicles2023-12-3111730683ns5:PlantMachinery2022-12-3111730683ns5:MotorVehicles2022-12-3111730683ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3111730683ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-3111730683ns10:OrdinaryShareClass12023-12-31
REGISTERED NUMBER: 11730683 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31st December 2023

for

Sapphire Builders Limited

Sapphire Builders Limited (Registered number: 11730683)

Contents of the Financial Statements
for the year ended 31st December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sapphire Builders Limited

Company Information
for the year ended 31st December 2023







DIRECTOR: Mr P Bloomfield





SECRETARY:





REGISTERED OFFICE: Wheelers Yard Putticks Lane
East Bergholt
Colchester
United Kingdom
CO7 6XU





REGISTERED NUMBER: 11730683 (England and Wales)





ACCOUNTANT: Paul David Nurton
Chartered Certified Accountant
2 Pinns Cottage
Rodhuish
Exmoor
Minehead
Somerset
TA24 6QL

Sapphire Builders Limited (Registered number: 11730683)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 23,263 27,558
Tangible assets 5 18,270 16,637
41,533 44,195

CURRENT ASSETS
Stocks 15,360 11,235
Debtors 6 80,239 110,581
Cash at bank 10,696 15,080
106,295 136,896
CREDITORS
Amounts falling due within one year 7 90,971 118,282
NET CURRENT ASSETS 15,324 18,614
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,857

62,809

CREDITORS
Amounts falling due after more than one
year

8

(16,182

)

(26,286

)

PROVISIONS FOR LIABILITIES (2,803 ) (2,803 )
NET ASSETS 37,872 33,720

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 37,871 33,719
SHAREHOLDERS' FUNDS 37,872 33,720

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

Sapphire Builders Limited (Registered number: 11730683)

Balance Sheet - continued
31st December 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 23rd September 2024 and were signed by:





Mr P Bloomfield - Director


Sapphire Builders Limited (Registered number: 11730683)

Notes to the Financial Statements
for the year ended 31st December 2023


1. STATUTORY INFORMATION

Sapphire Builders 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost

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.

Sapphire Builders Limited (Registered number: 11730683)

Notes to the Financial Statements - continued
for the year ended 31st December 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
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 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2023
and 31st December 2023 42,947
AMORTISATION
At 1st January 2023 15,389
Amortisation for year 4,295
At 31st December 2023 19,684
NET BOOK VALUE
At 31st December 2023 23,263
At 31st December 2022 27,558

Sapphire Builders Limited (Registered number: 11730683)

Notes to the Financial Statements - continued
for the year ended 31st December 2023


5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st January 2023 16,908 32,212 49,120
Additions 14,711 - 14,711
Disposals (12,250 ) - (12,250 )
At 31st December 2023 19,369 32,212 51,581
DEPRECIATION
At 1st January 2023 13,051 19,432 32,483
Charge for year 1,164 7,575 8,739
Eliminated on disposal (7,911 ) - (7,911 )
At 31st December 2023 6,304 27,007 33,311
NET BOOK VALUE
At 31st December 2023 13,065 5,205 18,270
At 31st December 2022 3,857 12,780 16,637

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 46,784 49,447
Other debtors 33,455 61,134
80,239 110,581

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,860 10,860
Trade creditors 51,571 52,437
Taxation and social security 25,909 34,667
Other creditors 2,631 20,318
90,971 118,282

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 16,182 26,286

Sapphire Builders Limited (Registered number: 11730683)

Notes to the Financial Statements - continued
for the year ended 31st December 2023


9. CALLED UP SHARE CAPITAL

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

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr P Bloomfield.