Registered number
06476686
S & I Management Limited
Filleted Accounts
31 January 2024
S & I Management Limited
Registered number: 06476686
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 547,939 547,939
Current assets
Debtors 4 31,289 -
Cash at bank and in hand 20,115 10,772
51,404 10,772
Creditors: amounts falling due within one year 5 (59,380) (66,111)
Net current liabilities (7,976) (55,339)
Total assets less current liabilities 539,963 492,600
Creditors: amounts falling due after more than one year 6 (286,955) (262,184)
Net assets 253,008 230,416
Capital and reserves
Called up share capital 100 100
Profit and loss account 252,908 230,316
Shareholder's funds 253,008 230,416
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Salim Patel
Director
Approved by the board on 7 October 2024
S & I Management Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings 0%
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 February 2023 547,939
At 31 January 2024 547,939
Depreciation
At 31 January 2024 -
Net book value
At 31 January 2024 547,939
At 31 January 2023 547,939
4 Debtors 2024 2023
£ £
Trade debtors 12,000 -
Other debtors 19,289 -
31,289 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 39,357 38,736
Taxation and social security costs 19,368 26,725
Other creditors 655 650
59,380 66,111
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 149,966 173,832
Other creditors 136,989 88,352
286,955 262,184
7 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 189,323 212,568
The loans are secured by mortgage deed on fixed assets.
8 Other information
S & I Management Limited is a private company limited by shares and incorporated in England. Its registered office is:
Suit 203
Cardwell House
Cardwell Place
Blackburn
BB2 1LG
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