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REGISTERED NUMBER: 03903071 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

M. E. SAUNDERS & SONS LIMITED

M. E. SAUNDERS & SONS LIMITED (REGISTERED NUMBER: 03903071)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


M. E. SAUNDERS & SONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr R D Saunders
Mr R O Saunders
Mr R A Saunders



REGISTERED OFFICE: Ashes Farm
Sparkbridge
Ulverston
Cumbria
LA12 7SU



REGISTERED NUMBER: 03903071 (England and Wales)



BANKERS: HSBC Bank plc
104 Duke Street
Barrow in Furness
Cumbria
LA14 1LR

M. E. SAUNDERS & SONS LIMITED (REGISTERED NUMBER: 03903071)

ABRIDGED BALANCE SHEET
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 802,337 668,980
Investments 5 335 335
802,672 669,315

CURRENT ASSETS
Stocks 29,572 32,124
Debtors 6 425,477 447,860
Cash at bank and in hand 40,071 9,711
495,120 489,695
CREDITORS
Amounts falling due within one year 455,960 443,137
NET CURRENT ASSETS 39,160 46,558
TOTAL ASSETS LESS CURRENT
LIABILITIES

841,832

715,873

CREDITORS
Amounts falling due after more than one
year

(292,089

)

(218,927

)

PROVISIONS FOR LIABILITIES (152,444 ) (135,468 )
NET ASSETS 397,299 361,478

CAPITAL AND RESERVES
Called up share capital 8 12,000 12,000
Retained earnings 385,299 349,478
SHAREHOLDERS' FUNDS 397,299 361,478

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

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

M. E. SAUNDERS & SONS LIMITED (REGISTERED NUMBER: 03903071)

ABRIDGED BALANCE SHEET - continued
31 JULY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:




Mr R A Saunders - Director



Mr R O Saunders - Director


M. E. SAUNDERS & SONS LIMITED (REGISTERED NUMBER: 03903071)

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

1. STATUTORY INFORMATION

M. E. Saunders & Sons 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods and services, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on cost, 15% on cost and 10% on cost

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

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.

Operating leases
Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 21 ) .

M. E. SAUNDERS & SONS LIMITED (REGISTERED NUMBER: 03903071)

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023 2,008,957
Additions 390,067
Disposals (239,417 )
At 31 July 2024 2,159,607
DEPRECIATION
At 1 August 2023 1,339,977
Charge for year 253,774
Eliminated on disposal (236,481 )
At 31 July 2024 1,357,270
NET BOOK VALUE
At 31 July 2024 802,337
At 31 July 2023 668,980

The net book value of tangible fixed assets includes £630,471 (2023: £278,029) in respect of assets held under hire purchase agreements. The amount of depreciation in respect of such assets amounted to £138,029 (2023: £101,020) for the financial year.

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 August 2023
and 31 July 2024 335
NET BOOK VALUE
At 31 July 2024 335
At 31 July 2023 335

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Other debtors 9,982 9,982

M. E. SAUNDERS & SONS LIMITED (REGISTERED NUMBER: 03903071)

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

7. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Hire purchase contracts 526,979 339,668
Other loan 5,902 108,122
532,881 447,790

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
2,000 A ordinary £1 2,000 2,000
4,000 B ordinary £1 4,000 4,000
4,000 C ordinary £1 4,000 4,000
2,000 D ordinary £1 2,000 2,000
12,000 12,000

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31st July 2024 the directors were jointly indebted to the company in the sum of £9,982. (2023: £9,982)

The loan is interest free, unsecured and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

There has been no ultimate controlling party throughout the current and previous years.