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REGISTERED NUMBER: 12565467 (England and Wales)















Sapphire Fabrication Ltd

Unaudited Financial Statements for the Year Ended 30 April 2024






Sapphire Fabrication Ltd (Registered number: 12565467)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


Sapphire Fabrication Ltd

Company Information
for the Year Ended 30 April 2024







Director: B Amis





Registered office: Stanton House
31 Westgate
Grantham
Lincolnshire
NG31 6LX





Registered number: 12565467 (England and Wales)





Accountants: Rupert King & Company Limited
Stanton House
31 Westgate
Grantham
Lincolnshire
NG31 6LX

Sapphire Fabrication Ltd (Registered number: 12565467)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 128,812 149,820

Current assets
Stocks 14,560 10,316
Debtors 5 21,134 40,527
Cash at bank 4,729 30,033
40,423 80,876
Creditors
Amounts falling due within one year 6 250,760 265,737
Net current liabilities (210,337 ) (184,861 )
Total assets less current liabilities (81,525 ) (35,041 )

Creditors
Amounts falling due after more than one
year

7

44,217

59,377
Net liabilities (125,742 ) (94,418 )

Capital and reserves
Called up share capital 8 1 1
Retained earnings 9 (125,743 ) (94,419 )
Shareholders' funds (125,742 ) (94,418 )

Sapphire Fabrication Ltd (Registered number: 12565467)

Balance Sheet - continued
30 April 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 January 2025 and were signed by:





B Amis - Director


Sapphire Fabrication Ltd (Registered number: 12565467)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. Statutory information

Sapphire Fabrication 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 - 20% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Sapphire Fabrication Ltd (Registered number: 12565467)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. Accounting policies - continued
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.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4. Tangible fixed assets
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
Cost
At 1 May 2023 41,480 159,995 1,892 203,367
Additions - 917 - 917
At 30 April 2024 41,480 160,912 1,892 204,284
Depreciation
At 1 May 2023 - 52,225 1,322 53,547
Charge for year - 21,737 188 21,925
At 30 April 2024 - 73,962 1,510 75,472
Net book value
At 30 April 2024 41,480 86,950 382 128,812
At 30 April 2023 41,480 107,770 570 149,820

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 20,327 20,333
VAT - 18,050
Prepayments 807 2,144
21,134 40,527

Sapphire Fabrication Ltd (Registered number: 12565467)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Hire purchase contracts 15,160 15,160
Trade creditors 3,884 25,570
Social security and other taxes 494 541
VAT 1,653 -
Directors' current accounts 228,074 223,026
Accrued expenses 1,495 1,440
250,760 265,737

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Hire purchase contracts 44,217 59,377

8. Called up share capital

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

9. Reserves
Retained
earnings
£   

At 1 May 2023 (94,419 )
Deficit for the year (31,324 )
At 30 April 2024 (125,743 )

10. Ultimate controlling party

The controlling party is B Amis.