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REGISTERED NUMBER: 09411662 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

SAPPHIRE SALES CONSULTANCY LTD

SAPPHIRE SALES CONSULTANCY LTD (REGISTERED NUMBER: 09411662)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SAPPHIRE SALES CONSULTANCY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: Mr G Offer
Mrs S K Offer





REGISTERED OFFICE: 17 Ivanhoe Road
Lichfield
Staffordshire
WS14 9AY





REGISTERED NUMBER: 09411662 (England and Wales)





ACCOUNTANTS: Brookes Stephens
New Media House
Davidson Road
Lichfield
Staffordshire
WS14 9DZ

SAPPHIRE SALES CONSULTANCY LTD (REGISTERED NUMBER: 09411662)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 5 748 997
Tangible assets 6 46,944 27,923
47,692 28,920

Current assets
Stocks 4,000 16,000
Debtors 7 47,310 59,075
Cash at bank 1,720 4,835
53,030 79,910
Creditors
Amounts falling due within one year 8 69,709 63,178
Net current (liabilities)/assets (16,679 ) 16,732
Total assets less current liabilities 31,013 45,652

Creditors
Amounts falling due after more than one
year

9

(55,027

)

(30,356

)

Provisions for liabilities - (5,305 )
Net (liabilities)/assets (24,014 ) 9,991

Capital and reserves
Called up share capital 11 100 100
Retained earnings (24,114 ) 9,891
Shareholders' funds (24,014 ) 9,991

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

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

SAPPHIRE SALES CONSULTANCY LTD (REGISTERED NUMBER: 09411662)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 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 29 October 2024 and were signed on its behalf by:





Mr G Offer - Director


SAPPHIRE SALES CONSULTANCY LTD (REGISTERED NUMBER: 09411662)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Sapphire Sales Consultancy Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going Concern
The directors have reviewed the credit facilities available to the company over the forthcoming 12 months and assessed that they are sufficient to allow the company to continue to trade and meet its financial obligations as they fall due. Having taken these factors into account the directors have prepared the accounts on a going concern basis.

Turnover
Turnover represents net invoiced goods and services, excluding value added tax.

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.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

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 statement of financial position date.


SAPPHIRE SALES CONSULTANCY LTD (REGISTERED NUMBER: 09411662)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


3. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

4. EMPLOYEES AND DIRECTORS

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

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2023
and 31 January 2024 2,363
AMORTISATION
At 1 February 2023 1,366
Charge for year 249
At 31 January 2024 1,615
NET BOOK VALUE
At 31 January 2024 748
At 31 January 2023 997

SAPPHIRE SALES CONSULTANCY LTD (REGISTERED NUMBER: 09411662)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 2,662 41,839 44,501
Additions - 37,894 37,894
Disposals - (7,230 ) (7,230 )
At 31 January 2024 2,662 72,503 75,165
DEPRECIATION
At 1 February 2023 1,597 14,981 16,578
Charge for year 532 15,470 16,002
Eliminated on disposal - (4,359 ) (4,359 )
At 31 January 2024 2,129 26,092 28,221
NET BOOK VALUE
At 31 January 2024 533 46,411 46,944
At 31 January 2023 1,065 26,858 27,923

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2023 26,745
Additions 36,504
At 31 January 2024 63,249
DEPRECIATION
At 1 February 2023 6,686
Charge for year 14,141
At 31 January 2024 20,827
NET BOOK VALUE
At 31 January 2024 42,422
At 31 January 2023 20,059

SAPPHIRE SALES CONSULTANCY LTD (REGISTERED NUMBER: 09411662)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,370 10,882
Other debtors 29,940 48,193
47,310 59,075

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,917 3,142
Hire purchase contracts 9,316 3,063
Trade creditors 44,950 16,893
Taxation and social security 12,051 36,760
Other creditors 475 3,320
69,709 63,178

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 4,944 7,601
Hire purchase contracts 50,083 22,755
55,027 30,356

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans - 820

The directors have provided personal guarantees in respect of the loans.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

SAPPHIRE SALES CONSULTANCY LTD (REGISTERED NUMBER: 09411662)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
Mr G Offer
Balance outstanding at start of year 20,945 21,201
Amounts advanced 1,920 -
Amounts repaid (22,202 ) (256 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 663 20,945

Mrs S K Offer
Balance outstanding at start of year 12,974 13,384
Amounts advanced 11,969 -
Amounts repaid (9,523 ) (410 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 15,420 12,974

Interest is charged at 2 - 2.25% per annum on the loans and they are repayable on demand.