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REGISTERED NUMBER: 09553664 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Sanders Wright & Freeman Limited

Sanders Wright & Freeman Limited (Registered number: 09553664)






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


Sanders Wright & Freeman Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D J Skitt
Miss J A Wright





REGISTERED OFFICE: 13 Waterloo Road
Wolverhampton
West Midlands
WV1 4DJ





REGISTERED NUMBER: 09553664 (England and Wales)





ACCOUNTANTS: Haines Watts Wolverhampton Limited
Keepers Lane
The Wergs
Wolverhampton
West Midlands
WV6 8UA

Sanders Wright & Freeman Limited (Registered number: 09553664)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 13,512 18,017
Tangible assets 5 1,613 2,381
15,125 20,398

CURRENT ASSETS
Stocks 7,500 10,933
Debtors 6 20,442 14,398
Cash at bank and in hand 17,793 17,804
45,735 43,135
CREDITORS
Amounts falling due within one year 7 47,778 32,910
NET CURRENT (LIABILITIES)/ASSETS (2,043 ) 10,225
TOTAL ASSETS LESS CURRENT
LIABILITIES

13,082

30,623

CREDITORS
Amounts falling due after more than one
year

8

(2,290

)

(6,116

)

PROVISIONS FOR LIABILITIES (403 ) -
NET ASSETS 10,389 24,507

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10,289 24,407
SHAREHOLDERS' FUNDS 10,389 24,507

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.

Sanders Wright & Freeman Limited (Registered number: 09553664)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2024 and were signed on its behalf by:





D J Skitt - Director


Sanders Wright & Freeman Limited (Registered number: 09553664)

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

1. STATUTORY INFORMATION

Sanders Wright & Freeman 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost and 25% on reducing balance

Work in progress
Work in progress is valued at cost as a proportion of after date house sale completions where work had commenced prior to the year end.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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

Sanders Wright & Freeman Limited (Registered number: 09553664)

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

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Transition
The company has transitioned from FRS 105 to FRS 102 (1a) for reporting purposes. The only change required on the adoption of the new standard has been the provision of deferred tax. The directors are of the opinion that a restatement of the prior year is not required on the basis that the above would apply and this is not deemed to be material to the understanding of the financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 45,047
AMORTISATION
At 1 April 2023 27,030
Amortisation for year 4,505
At 31 March 2024 31,535
NET BOOK VALUE
At 31 March 2024 13,512
At 31 March 2023 18,017

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023 13,591
Additions 635
At 31 March 2024 14,226
DEPRECIATION
At 1 April 2023 11,210
Charge for year 1,403
At 31 March 2024 12,613
NET BOOK VALUE
At 31 March 2024 1,613
At 31 March 2023 2,381

Sanders Wright & Freeman Limited (Registered number: 09553664)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,946 5,450
Other debtors 1,496 8,948
20,442 14,398

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,000 6,000
Trade creditors 246 67
Taxation and social security 37,716 23,353
Other creditors 3,816 3,490
47,778 32,910

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 2,290 6,116

9. CALLED UP SHARE CAPITAL

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