IRIS Accounts Production v24.1.4.33 06584455 Board of Directors Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh065844552023-05-31065844552024-05-31065844552023-06-012024-05-31065844552022-05-31065844552022-06-012023-05-31065844552023-05-3106584455ns15:EnglandWales2023-06-012024-05-3106584455ns14:PoundSterling2023-06-012024-05-3106584455ns10:Director12023-06-012024-05-3106584455ns10:Director22023-06-012024-05-3106584455ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3106584455ns10:SmallEntities2023-06-012024-05-3106584455ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3106584455ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3106584455ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3106584455ns10:FullAccounts2023-06-012024-05-3106584455ns10:OrdinaryShareClass12023-06-012024-05-3106584455ns10:CompanySecretary12023-06-012024-05-3106584455ns10:RegisteredOffice2023-06-012024-05-3106584455ns5:CurrentFinancialInstruments2024-05-3106584455ns5:CurrentFinancialInstruments2023-05-3106584455ns5:ShareCapital2024-05-3106584455ns5:ShareCapital2023-05-3106584455ns5:RetainedEarningsAccumulatedLosses2024-05-3106584455ns5:RetainedEarningsAccumulatedLosses2023-05-3106584455ns5:PlantMachinery2023-06-012024-05-3106584455ns5:FurnitureFittings2023-06-012024-05-3106584455ns5:ComputerEquipment2023-06-012024-05-3106584455ns5:LandBuildings2023-05-3106584455ns5:PlantMachinery2023-05-3106584455ns5:FurnitureFittings2023-05-3106584455ns5:ComputerEquipment2023-05-3106584455ns5:LandBuildings2023-06-012024-05-3106584455ns5:LandBuildings2024-05-3106584455ns5:PlantMachinery2024-05-3106584455ns5:FurnitureFittings2024-05-3106584455ns5:ComputerEquipment2024-05-3106584455ns5:LandBuildings2023-05-3106584455ns5:PlantMachinery2023-05-3106584455ns5:FurnitureFittings2023-05-3106584455ns5:ComputerEquipment2023-05-3106584455ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3106584455ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3106584455ns5:AcceleratedTaxDepreciationDeferredTax2024-05-3106584455ns5:AcceleratedTaxDepreciationDeferredTax2023-05-3106584455ns5:DeferredTaxation2023-05-3106584455ns5:DeferredTaxation2024-05-3106584455ns10:OrdinaryShareClass12024-05-3106584455ns5:RetainedEarningsAccumulatedLosses2023-05-3106584455ns5:RetainedEarningsAccumulatedLosses2023-06-012024-05-31
REGISTERED NUMBER: 06584455 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

LE SABLIER LIMITED

LE SABLIER LIMITED (REGISTERED NUMBER: 06584455)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LE SABLIER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mrs E Robinson
D Robinson





SECRETARY: D Robinson





REGISTERED OFFICE: The Lodge
Teffont Evias
Salisbury
Wiltshire
SP3 5RR





REGISTERED NUMBER: 06584455 (England and Wales)





ACCOUNTANTS: Ray Bartlett & Co
Accountants & Taxation Consultants
52-54 Winchester Street
Salisbury
Wiltshire
SP1 1HG

LE SABLIER LIMITED (REGISTERED NUMBER: 06584455)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 21,473 287,100
Investment property 5 525,140 -
546,613 287,100

CURRENT ASSETS
Stocks 6 15,200 7,650
Debtors 7 23,158 -
Cash at bank 232,486 172,379
270,844 180,029
CREDITORS
Amounts falling due within one year 8 (75,547 ) (59,682 )
NET CURRENT ASSETS 195,297 120,347
TOTAL ASSETS LESS CURRENT
LIABILITIES

741,910

407,447

PROVISIONS FOR LIABILITIES 9 (70,368 ) (4,289 )
NET ASSETS 671,542 403,158

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 671,442 403,058
SHAREHOLDERS' FUNDS 671,542 403,158

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

LE SABLIER LIMITED (REGISTERED NUMBER: 06584455)

BALANCE SHEET - continued
31 MAY 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 25 November 2024 and were signed on its behalf by:




Mrs E Robinson - Director



D Robinson - Director


LE SABLIER LIMITED (REGISTERED NUMBER: 06584455)

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


1. STATUTORY INFORMATION

Le Sablier 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 as modified by the revaluation of certain assets.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Office equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

LE SABLIER LIMITED (REGISTERED NUMBER: 06584455)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Office
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 265,140 19,603 6,027 19,221 309,991
Additions - 279 3,900 2,490 6,669
Reclassification/transfer (265,140 ) - - - (265,140 )
At 31 May 2024 - 19,882 9,927 21,711 51,520
DEPRECIATION
At 1 June 2023 - 2,779 3,453 16,659 22,891
Charge for year - 4,275 1,618 1,263 7,156
At 31 May 2024 - 7,054 5,071 17,922 30,047
NET BOOK VALUE
At 31 May 2024 - 12,828 4,856 3,789 21,473
At 31 May 2023 265,140 16,824 2,574 2,562 287,100

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Revaluations 260,000
Reclassification/transfer 265,140
At 31 May 2024 525,140
NET BOOK VALUE
At 31 May 2024 525,140

Included in fair value of investment property is freehold land of £ 525,140 which is not depreciated.

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2024 525,140

LE SABLIER LIMITED (REGISTERED NUMBER: 06584455)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


5. INVESTMENT PROPERTY - continued

If the investment property had not been revalued it would have been included at the following historical cost:

31.5.24 31.5.23
£    £   
Cost 265,140 -

investment property was valued on an open market basis on 29 February 2024 by the directors .

6. STOCKS
31.5.24 31.5.23
£    £   
Work-in-progress 15,200 7,650

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 18,240 -
Other debtors 4,918 -
23,158 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 1,360 -
Other creditors 8,418 -
Rent Deposits held 4,417 4,417
Tax 25,783 15,883
Social security and other taxes 5,586 2,352
VAT 23,831 15,183
Directors' current accounts 5,152 20,847
Accrued expenses 1,000 1,000
75,547 59,682

9. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax
Accelerated capital allowances 5,368 4,289
Other timing differences 65,000 -
70,368 4,289

LE SABLIER LIMITED (REGISTERED NUMBER: 06584455)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 June 2023 4,289
Accelerated capital allowances 1,079
Investment property revaluatio 65,000
Balance at 31 May 2024 70,368

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 June 2023 403,058
Profit for the year 33,384
Dividends (25,000 )
Revaluation reserve 260,000
At 31 May 2024 671,442