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REGISTERED NUMBER: 10701437 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

SAXONWELLS DEVELOPMENTS LIMITED

SAXONWELLS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10701437)






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


SAXONWELLS DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: D Clarke
C Gleadall





SECRETARY:





REGISTERED OFFICE: 14 Southbrook Terrace
Bradford
West Yorkshire
BD7 1AD





REGISTERED NUMBER: 10701437 (England and Wales)





ACCOUNTANTS: Southbrook Accountants Limited
14 Southbrook Terrace
Bradford
West Yorkshire
BD7 1AD

SAXONWELLS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10701437)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,319 12,022

CURRENT ASSETS
Stocks 15,316 21,612
Debtors 5 35,450 35,450
Cash in hand 7,319 3,995
58,085 61,057
CREDITORS
Amounts falling due within one year 6 47,182 31,209
NET CURRENT ASSETS 10,903 29,848
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,222

41,870

CREDITORS
Amounts falling due after more than one
year

7

36,645

45,867
NET LIABILITIES (14,423 ) (3,997 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (14,424 ) (3,998 )
SHAREHOLDERS' FUNDS (14,423 ) (3,997 )

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.

SAXONWELLS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10701437)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by:




D Clarke - Director



C Gleadall - Director


SAXONWELLS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10701437)

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

1. STATUTORY INFORMATION

Saxonwells Developments 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.

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 - 15% on reducing balance
Motor vehicles - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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
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.

SAXONWELLS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10701437)

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 6 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 4,454 18,646 1,239 24,339
Additions - 1,150 399 1,549
At 31 March 2024 4,454 19,796 1,638 25,888
DEPRECIATION
At 1 April 2023 2,775 8,913 629 12,317
Charge for year 252 1,460 540 2,252
At 31 March 2024 3,027 10,373 1,169 14,569
NET BOOK VALUE
At 31 March 2024 1,427 9,423 469 11,319
At 31 March 2023 1,679 9,733 610 12,022

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 18,646
DEPRECIATION
At 1 April 2023
and 31 March 2024 7,195
NET BOOK VALUE
At 31 March 2024 11,451
At 31 March 2023 11,451

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 35,450 35,450

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 12,433 8,310
Taxation and social security 34,183 22,451
Other creditors 566 448
47,182 31,209

SAXONWELLS DEVELOPMENTS LIMITED (REGISTERED NUMBER: 10701437)

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 34,395 39,888
Hire purchase contracts 2,250 5,979
36,645 45,867

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Clarke.