2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 832 83 83 166 666 749 xbrli:pure xbrli:shares iso4217:GBP 14018153 2023-04-01 2024-03-31 14018153 2024-03-31 14018153 2023-03-31 14018153 2022-04-01 2023-03-31 14018153 2023-03-31 14018153 2022-03-31 14018153 core:PatentsTrademarksLicencesConcessionsSimilar 2023-04-01 2024-03-31 14018153 core:MotorVehicles 2023-04-01 2024-03-31 14018153 bus:Director1 2023-04-01 2024-03-31 14018153 core:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 14018153 core:PatentsTrademarksLicencesConcessionsSimilar 2024-03-31 14018153 core:MotorVehicles 2023-03-31 14018153 core:MotorVehicles 2024-03-31 14018153 core:WithinOneYear 2024-03-31 14018153 core:WithinOneYear 2023-03-31 14018153 core:ShareCapital 2024-03-31 14018153 core:ShareCapital 2023-03-31 14018153 core:RetainedEarningsAccumulatedLosses 2024-03-31 14018153 core:RetainedEarningsAccumulatedLosses 2023-03-31 14018153 core:PatentsTrademarksLicencesConcessionsSimilar 2023-03-31 14018153 core:MotorVehicles 2023-03-31 14018153 bus:Director1 2023-03-31 14018153 bus:Director1 2024-03-31 14018153 bus:Director1 2023-03-31 14018153 bus:Director1 2022-04-01 2023-03-31 14018153 bus:SmallEntities 2023-04-01 2024-03-31 14018153 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 14018153 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 14018153 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 14018153 bus:FullAccounts 2023-04-01 2024-03-31 14018153 core:ComputerEquipment 2023-04-01 2024-03-31 14018153 core:ComputerEquipment 2023-03-31 14018153 core:ComputerEquipment 2024-03-31
COMPANY REGISTRATION NUMBER: 14018153
SINCLAIR ALEXANDER LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2024
SINCLAIR ALEXANDER LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Intangible assets
5
666
749
Tangible assets
6
24,187
33,112
--------
--------
24,853
33,861
CURRENT ASSETS
Debtors
7
1,597
1,695
Cash at bank and in hand
38,433
101,705
--------
---------
40,030
103,400
CREDITORS: amounts falling due within one year
8
29,858
54,643
--------
---------
NET CURRENT ASSETS
10,172
48,757
--------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
35,025
82,618
--------
--------
NET ASSETS
35,025
82,618
--------
--------
CAPITAL AND RESERVES
Called up share capital fully paid
100
100
Profit and loss account
34,925
82,518
--------
--------
SHAREHOLDERS FUNDS
35,025
82,618
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
SINCLAIR ALEXANDER LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 4 October 2024 , and are signed on behalf of the board by:
Dr T S Hemming
Director
Company registration number: 14018153
SINCLAIR ALEXANDER LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Headlands House, 1 Kings Court, Kettering Parkway, Kettering, Northamptonshire, NN15 6WJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Patents, trademarks and licences
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
25% reducing balance
Equipment
-
33% straight line
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. INTANGIBLE ASSETS
Patents, trademarks and licences
£
Cost
At 1 April 2023 and 31 March 2024
832
----
Amortisation
At 1 April 2023
83
Charge for the year
83
----
At 31 March 2024
166
----
Carrying amount
At 31 March 2024
666
----
At 31 March 2023
749
----
6. TANGIBLE ASSETS
Motor vehicles
Equipment
Total
£
£
£
Cost
At 1 April 2023
39,724
4,979
44,703
Additions
274
274
--------
-------
--------
At 31 March 2024
39,724
5,253
44,977
--------
-------
--------
Depreciation
At 1 April 2023
9,931
1,660
11,591
Charge for the year
7,448
1,751
9,199
--------
-------
--------
At 31 March 2024
17,379
3,411
20,790
--------
-------
--------
Carrying amount
At 31 March 2024
22,345
1,842
24,187
--------
-------
--------
At 31 March 2023
29,793
3,319
33,112
--------
-------
--------
7. DEBTORS
2024
2023
£
£
Other debtors
1,597
1,695
-------
-------
8. CREDITORS: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,738
Corporation tax
28,277
35,604
Social security and other taxes
321
14,489
Other creditors
1,260
2,812
--------
--------
29,858
54,643
--------
--------
9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Dr T S Hemming
( 1,613)
27,389
( 24,666)
1,110
-------
--------
--------
-------
2023
Balance brought forward
Advances/ (credits) to the director
Amounts repaid
Balance outstanding
£
£
£
£
Dr T S Hemming
25,689
( 27,301)
(1,612)
----
--------
--------
-------