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Company Registration No. 05462855 (England and Wales)
Saunders Brothers (Bucks) Ltd Unaudited accounts for the year ended 30 September 2024
Saunders Brothers (Bucks) Ltd Unaudited accounts Contents
Page
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Saunders Brothers (Bucks) Ltd Company Information for the year ended 30 September 2024
Directors
D M Saunders M R Saunders
Company Number
05462855 (England and Wales)
Registered Office
Saunders Yard Park Mill, Summerleys Road Princes Risborough Buckinghamshire HP27 9QB
Accountants
Douglas Collier Ltd 10 Village Way Pinner Middlesex HA5 5AF
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Saunders Brothers (Bucks) Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
88,692 
86,301 
Current assets
Inventories
- 
568,453 
Debtors
395,941 
498,468 
Cash at bank and in hand
1,177,031 
474,853 
1,572,972 
1,541,774 
Creditors: amounts falling due within one year
(494,824)
(337,503)
Net current assets
1,078,148 
1,204,271 
Total assets less current liabilities
1,166,840 
1,290,572 
Provisions for liabilities
Deferred tax
(17,754)
(16,273)
Net assets
1,149,086 
1,274,299 
Capital and reserves
Called up share capital
500 
600 
Capital redemption reserve
100 
- 
Profit and loss account
1,148,486 
1,273,699 
Shareholders' funds
1,149,086 
1,274,299 
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 January 2025 and were signed on its behalf by
M R Saunders Director Company Registration No. 05462855
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Saunders Brothers (Bucks) Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Saunders Brothers (Bucks) Ltd is a private company, limited by shares, registered in England and Wales, registration number 05462855. The registered office is Saunders Yard, Park Mill, Summerleys Road, Princes Risborough, Buckinghamshire, HP27 9QB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% straight line
Plant & machinery
25% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Saunders Brothers (Bucks) Ltd Notes to the Accounts for the year ended 30 September 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2023
35,347 
386,889 
422,236 
Additions
- 
67,190 
67,190 
Disposals
- 
(123,337)
(123,337)
At 30 September 2024
35,347 
330,742 
366,089 
Depreciation
At 1 October 2023
14,138 
321,797 
335,935 
Charge for the year
3,535 
37,551 
41,086 
On disposals
- 
(99,624)
(99,624)
At 30 September 2024
17,673 
259,724 
277,397 
Net book value
At 30 September 2024
17,674 
71,018 
88,692 
At 30 September 2023
21,209 
65,092 
86,301 
5
Inventories
2024 
2023 
£ 
£ 
Finished goods
- 
568,453 
- 
568,453 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
265,073 
187,348 
Accrued income and prepayments
3,426 
3,189 
Other debtors
127,442 
307,931 
395,941 
498,468 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
196,162 
55,516 
Taxes and social security
111,790 
147,921 
Other creditors
5,067 
35,142 
Accruals
181,805 
98,924 
494,824 
337,503 
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Saunders Brothers (Bucks) Ltd Notes to the Accounts for the year ended 30 September 2024
8
Deferred taxation
2024 
2023 
£ 
£ 
Accelerated capital allowances
17,754 
16,273 
2024 
2023 
£ 
£ 
Provision at start of year
16,273 
6,664 
Charged to the profit and loss account
1,481 
9,609 
Provision at end of year
17,754 
16,273 
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
500 Ordinary shares of £1 each
500 
600 
10
Transactions with related parties
Architectural Timber Products Ltd, a company under common control, was a supplier to Saunders Brothers (Bucks) Ltd in the year ending 30 September 2024. The company purchased £41,974 of goods from Architectural Timber Products Ltd in the year and this amount was outstanding at 30 September 2024.
11
Average number of employees
During the year the average number of employees was 10 (2023: 13).
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