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Registration number: 09164492

SAPLM Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

SAPLM Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

SAPLM Limited

Company Information

Directors

C W Hill

N Hall

Registered office

Old Market Place
Market Street
Oldbury
B69 4DH

Accountants

ENF Solutions Limited
Chartered Certified Accountant
181A Middlewood Road
Sheffield
S6 4HD

 

SAPLM Limited

(Registration number: 09164492)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,943

69

Current assets

 

Debtors

5

207,314

576,838

Cash at bank and in hand

 

16,741

881

 

224,055

577,719

Creditors: Amounts falling due within one year

6

(13,032)

(366,282)

Net current assets

 

211,023

211,437

Net assets

 

214,966

211,506

Capital and reserves

 

Called up share capital

7

68

68

Retained earnings

214,898

211,438

Shareholders' funds

 

214,966

211,506

 

SAPLM Limited

(Registration number: 09164492)
Balance Sheet as at 31 August 2024 (continued)

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 January 2025 and signed on its behalf by:
 

.........................................
C W Hill
Director

.........................................
N Hall
Director

 
     
 

SAPLM Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

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

The address of its registered office is:
Old Market Place
Market Street
Oldbury
B69 4DH

These financial statements were authorised for issue by the Board on 6 January 2025.

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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

 

SAPLM Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

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

Office equipment

25% reducing balance basis

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

SAPLM Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 September 2023

756

756

Additions

5,257

5,257

Disposals

(756)

(756)

At 31 August 2024

5,257

5,257

Depreciation

At 1 September 2023

687

687

Charge for the year

1,314

1,314

Eliminated on disposal

(687)

(687)

At 31 August 2024

1,314

1,314

Carrying amount

At 31 August 2024

3,943

3,943

At 31 August 2023

69

69

5

Debtors

2024
£

2023
£

Trade debtors

7,899

-

Other debtors

199,415

576,838

207,314

576,838

 

SAPLM Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

-

359,553

Taxation and social security

 

3,375

6,006

Accruals and deferred income

 

1,060

723

Other creditors

 

8,597

-

 

13,032

366,282

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

68

68

68

68