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REGISTERED NUMBER: 13497685 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

S J Savile & Sons Ltd

S J Savile & Sons Ltd (Registered number: 13497685)






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


S J Savile & Sons Ltd

Company Information
for the Year Ended 31 March 2024







Directors: Mr. J C Savile
Mr. N J Savile





Registered office: Raven Hill Farm
Kilham
Driffield
East Yorkshire
YO25 4EG





Registered number: 13497685 (England and Wales)





Accountants: Ullyott Limited
6 George Street
Driffield
East Yorkshire
YO25 6RA

S J Savile & Sons Ltd (Registered number: 13497685)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,859,340 1,911,996

CURRENT ASSETS
Debtors 5 36,400 34,400
Cash at bank and in hand 35,327 37,460
71,727 71,860
CREDITORS
Amounts falling due within one year 6 251,569 198,944
NET CURRENT LIABILITIES (179,842 ) (127,084 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,679,498

1,784,912

CREDITORS
Amounts falling due after more than one
year

7

(1,542,320

)

(1,666,850

)

PROVISIONS FOR LIABILITIES 8 (24,785 ) (100,046 )
NET ASSETS 112,393 18,016

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 112,293 17,916
SHAREHOLDERS' FUNDS 112,393 18,016

S J Savile & Sons Ltd (Registered number: 13497685)

Balance Sheet - continued
31 March 2024


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.

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2024 and were signed on its behalf by:





Mr. J C Savile - Director


S J Savile & Sons Ltd (Registered number: 13497685)

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

1. STATUTORY INFORMATION

S J Savile & Sons 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.

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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 5% on reducing balance

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

S J Savile & Sons Ltd (Registered number: 13497685)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 858,881 1,108,542 1,967,423
DEPRECIATION
At 1 April 2023 - 55,427 55,427
Charge for year - 52,656 52,656
At 31 March 2024 - 108,083 108,083
NET BOOK VALUE
At 31 March 2024 858,881 1,000,459 1,859,340
At 31 March 2023 858,881 1,053,115 1,911,996

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 36,400 34,400

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 190,000 123,000
Corporation tax 22,231 37,650
Social security and other taxes 923 495
VAT 17,365 16,767
Other creditors 20,150 20,132
Accruals and deferred income 900 900
251,569 198,944

S J Savile & Sons Ltd (Registered number: 13497685)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 190,000 123,000
Bank loans - 2-5 years 570,000 369,000
Bank loans due after more than
5 years 603,184 1,046,082
Other creditors 179,136 128,768
1,542,320 1,666,850

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due after more than
5 years 603,184 1,046,082
603,184 1,046,082

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 24,785 100,046

Deferred
tax
£   
Balance at 1 April 2023 100,046
Provided during year (75,261 )
Balance at 31 March 2024 24,785

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100