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REGISTERED NUMBER: 05956862 (England and Wales)















Unaudited Cessation Financial Statements

for the Year Ended 31 March 2024

for

Sawgate Textiles Limited

Sawgate Textiles Limited (Registered number: 05956862)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sawgate Textiles Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr P W Easom
Mrs K Easom





SECRETARY: Mrs K Easom





REGISTERED OFFICE: 9 New Road
Burton Lazars
Melton Mowbray
Leicestershire
LE14 2UU





REGISTERED NUMBER: 05956862 (England and Wales)





ACCOUNTANTS: SRB Associates (Leicestershire) Limited
Pera Business Park
Nottingham Road
Melton Mowbray
Leicestershire
LE13 0PB

Sawgate Textiles Limited (Registered number: 05956862)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 10,092

CURRENT ASSETS
Stocks 5 - 5,268
Debtors 6 - 7,500
Prepayments and accrued income - 455
Cash at bank - 15,937
- 29,160
CREDITORS
Amounts falling due within one year 7 - 19,077
NET CURRENT ASSETS - 10,083
TOTAL ASSETS LESS CURRENT
LIABILITIES

-

20,175

PROVISIONS FOR LIABILITIES 8 - 1,640
NET ASSETS - 18,535

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (100 ) 18,435
SHAREHOLDERS' FUNDS - 18,535

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Sawgate Textiles Limited (Registered number: 05956862)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 26 September 2024 and were signed on its behalf by:





Mr P W Easom - Director


Sawgate Textiles Limited (Registered number: 05956862)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Sawgate Textiles 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
Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each assets over its expected useful life, as follow:

Plant and machinery, fixtures and fittings - 12.5% Reducing balance basis
Computer equipment - 33.33% Reducing balance basis

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Sawgate Textiles Limited (Registered number: 05956862)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 April 2023 80,494 13,114 93,608
Disposals (80,494 ) (13,114 ) (93,608 )
At 31 March 2024 - - -
DEPRECIATION
At 1 April 2023 72,379 11,137 83,516
Eliminated on disposal (72,379 ) (11,137 ) (83,516 )
At 31 March 2024 - - -
NET BOOK VALUE
At 31 March 2024 - - -
At 31 March 2023 8,115 1,977 10,092

5. STOCKS
31.3.24 31.3.23
£    £   
Stocks - 5,268

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 5,584
Other debtors - 1,916
- 7,500

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security - 2,702
Other creditors - 16,375
- 19,077

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax - 1,640

Sawgate Textiles Limited (Registered number: 05956862)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 1,640
Balance at 31 March 2024 1,640

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary £1 100 100