Sacellum Limited 05048168 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is letting of own property. Digita Accounts Production Advanced 6.30.9574.0 true 05048168 2023-03-01 2024-02-29 05048168 2024-02-29 05048168 core:CurrentFinancialInstruments 2024-02-29 05048168 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 05048168 core:FurnitureFittingsToolsEquipment 2024-02-29 05048168 bus:SmallEntities 2023-03-01 2024-02-29 05048168 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 05048168 bus:FullAccounts 2023-03-01 2024-02-29 05048168 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 05048168 bus:RegisteredOffice 2023-03-01 2024-02-29 05048168 bus:Director2 2023-03-01 2024-02-29 05048168 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 05048168 core:FurnitureFittings 2023-03-01 2024-02-29 05048168 core:OfficeEquipment 2023-03-01 2024-02-29 05048168 countries:England 2023-03-01 2024-02-29 05048168 2023-02-28 05048168 core:FurnitureFittingsToolsEquipment 2023-02-28 05048168 2022-03-01 2023-02-28 05048168 2023-02-28 05048168 core:CurrentFinancialInstruments 2023-02-28 05048168 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 iso4217:GBP xbrli:pure

Registration number: 05048168

Sacellum Limited

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Sacellum Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Sacellum Limited

Company Information

Director

AJ Pegg

Registered office

Wesley Hall
Barrack Road
Aldershot
Hampshire
GU11 3NP

Accountants

CRK Accounting Limited
12a Fleet Business Park
Sandy Lane
Church Crookham
Fleet
Hampshire
GU52 8BF

 

Sacellum Limited

(Registration number: 05048168)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Current assets

 

Debtors

5

24,017

49,954

Cash at bank and in hand

 

32,949

21,956

 

56,966

71,910

Creditors: Amounts falling due within one year

6

(108,303)

(110,578)

Net liabilities

 

(51,337)

(38,668)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(51,338)

(38,669)

Shareholders' deficit

 

(51,337)

(38,668)

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 November 2024
 

.........................................
AJ Pegg
Director

 

Sacellum Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Wesley Hall
Barrack Road
Aldershot
Hampshire
GU11 3NP
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and Fittings

10% on cost

Office Equipment

33% on cost

 

Sacellum Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Sacellum Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

Borrowings

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Sacellum Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2023

35,561

35,561

At 29 February 2024

35,561

35,561

Depreciation

At 1 March 2023

35,561

35,561

At 29 February 2024

35,561

35,561

Carrying amount

At 29 February 2024

-

-

5

Debtors

Current

2024
£

2023
£

Trade debtors

1,556

24,797

Prepayments

18,222

17,531

Other debtors

4,239

7,626

 

24,017

49,954

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

41,913

42,035

Accruals and deferred income

9,409

7,909

Other creditors

56,981

60,634

108,303

110,578