6824162falseplumbers2023-03-012024-02-28http://www.companieshouse.gov.uk/2023-02-28http://www.companieshouse.gov.uk/pt:ShareCapital2023-02-28http://www.companieshouse.gov.uk/cd:Director12023-03-012024-02-28http://www.companieshouse.gov.uk/pt:ShareCapital2024-02-28http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-03-012024-02-28http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-03-012024-02-28http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-03-012024-02-28http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-02-28http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-02-28http://www.companieshouse.gov.uk/2023-03-012024-02-28http://www.companieshouse.gov.uk/2023-02-28http://www.companieshouse.gov.uk/cd:FRS1022023-03-012024-02-28http://www.companieshouse.gov.uk/2024-02-28http://www.companieshouse.gov.uk/cd:FullAccounts2023-03-012024-02-28http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-03-012024-02-28iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 6824162
SAILSEY LIMITED
ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2024
Prepared By:
McMillan Rose & Co Ltd
Chartered Certified Accountants
Haltgate House
52A Hullbridge Road
South Woodham Ferrers
Essex
CM3 5NH
SAILSEY LIMITED
ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2024
DIRECTORS
D Sales
REGISTERED OFFICE
2 Maltings Cottages
Maltings Road
Battlesbridge
Essex
SS11 7RG
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 6824162
ACCOUNTANTS
McMillan Rose & Co Ltd
Chartered Certified Accountants
Haltgate House
52A Hullbridge Road
South Woodham Ferrers
Essex
CM3 5NH
SAILSEY LIMITED
ACCOUNTS
FOR THEYEARENDED28 FEBRUARY 2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
SAILSEY LIMITED
BALANCE SHEET AT 28 February 2024
20242023
Notes££
FIXED ASSETS
Tangible assets31,3081,010
CURRENT ASSETS
Stock5,5005,500
Debtors52,3129,098
Cash at bank and in hand12,66010,491
20,47225,089
CREDITORS: Amounts falling due within one year610,27510,454
NET CURRENT ASSETS10,19714,635
TOTAL ASSETS LESS CURRENT LIABILITIES11,50515,645
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account11,40515,545
SHAREHOLDERS' FUNDS11,50515,645
For the year ending 28 February 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 11 September 2024 and signed on their behalf by
.............................
D Sales
Director
SAILSEY LIMITED
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 28 FEBRUARY 2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting FRS 1021 a
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
The accounts have been prepared under the historical cost convention.
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
Equipmentreducing balance 50%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Government Grants
Government grants are recognised in profit and loss in the year in which they are received.
2. EMPLOYEES
20242023
No.No.
Average number of employees22
SAILSEY LIMITED
3. TANGIBLE FIXED ASSETS
Plant and
Machinery Etc.Total
££
Cost
At 1 March 202312,40612,406
Additions1,3921,392
Disposals(1,737)(1,737)
At 28 February 202412,06112,061
Depreciation
At 1 March 202311,39611,396
Disposals(1,733)(1,733)
For the year1,0901,090
At 28 February 202410,75310,753
Net Book Amounts
At 28 February 20241,3081,308
At 28 February 20231,0101,010
4. STOCK 20242023
££
Stock comprises:
Stock raw materials5,5005,500
5,5005,500
5. DEBTORS 20242023
££
Amounts falling due within one year:
Trade debtors1,7439,098
Other Tax569-
2,3129,098
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
Trade creditors203116
Taxation and social security171,581
Other creditors10,0558,757
10,27510,454
SAILSEY LIMITED
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
8. CONTROLLING PARTY
The ultimate controlling party is D Sales the director of the company.