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REGISTERED NUMBER: 09523240 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30th April 2024

for

Saunders of Preston Limited

Saunders of Preston Limited (Registered number: 09523240)






Contents of the Financial Statements
for the year ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Saunders of Preston Limited

Company Information
for the year ended 30th April 2024







DIRECTORS: Mrs S Saunders
Mr R A Saunders





REGISTERED OFFICE: Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE





REGISTERED NUMBER: 09523240 (England and Wales)





ACCOUNTANTS: Robin Oatridge & Co Limited
Chartered Certified Accountants
Black Bull House
353-355 Station Road
Bamber Bridge
Preston
Lancashire
PR5 6EE

Saunders of Preston Limited (Registered number: 09523240)

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 86,272 54,003

CURRENT ASSETS
Debtors 5 13,550 6,594
Cash at bank 71,189 91,468
84,739 98,062
CREDITORS
Amounts falling due within one year 6 62,242 47,004
NET CURRENT ASSETS 22,497 51,058
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,769

105,061

CREDITORS
Amounts falling due after more than one
year

7

(10,873

)

(20,820

)

PROVISIONS FOR LIABILITIES (19,532 ) (10,455 )
NET ASSETS 78,364 73,786

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 78,264 73,686
SHAREHOLDERS' FUNDS 78,364 73,786

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

Saunders of Preston Limited (Registered number: 09523240)

Balance Sheet - continued
30th April 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 31st January 2025 and were signed on its behalf by:





Mrs S Saunders - Director


Saunders of Preston Limited (Registered number: 09523240)

Notes to the Financial Statements
for the year ended 30th April 2024

1. STATUTORY INFORMATION

Saunders of Preston 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 etc - 15% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

Saunders of Preston Limited (Registered number: 09523240)

Notes to the Financial Statements - continued
for the year ended 30th April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2023 96,303
Additions 47,496
At 30th April 2024 143,799
DEPRECIATION
At 1st May 2023 42,300
Charge for year 15,227
At 30th April 2024 57,527
NET BOOK VALUE
At 30th April 2024 86,272
At 30th April 2023 54,003

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1st May 2023 10,000
Transfer to ownership (10,000 )
At 30th April 2024 -
DEPRECIATION
At 1st May 2023 5,087
Transfer to ownership (5,087 )
At 30th April 2024 -
NET BOOK VALUE
At 30th April 2024 -
At 30th April 2023 4,913

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,090 2,070
Other debtors 10,460 4,524
13,550 6,594

Saunders of Preston Limited (Registered number: 09523240)

Notes to the Financial Statements - continued
for the year ended 30th April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,648 10,648
Taxation and social security 8,939 22,017
Other creditors 42,655 14,339
62,242 47,004

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,873 20,820

8. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors.