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Registration number: 03700893

Sawyer Bros. (Bookmakers) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Sawyer Bros. (Bookmakers) Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Sawyer Bros. (Bookmakers) Limited

(Registration number: 03700893)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

           

Fixed assets

   

 

Intangible assets

4

 

16,825

 

28,947

Tangible assets

5

 

8,326

 

5,902

   

25,151

 

34,849

Current assets

   

 

Debtors

6

267

 

9,294

 

Cash at bank and in hand

 

409,682

 

271,878

 

 

409,949

 

281,172

 

Creditors: Amounts falling due within one year

7

(237,132)

 

(160,373)

 

Net current assets

   

172,817

 

120,799

Total assets less current liabilities

   

197,968

 

155,648

Creditors: Amounts falling due after more than one year

7

 

(12,500)

 

(22,500)

Provisions for liabilities

 

(2,100)

 

(1,495)

Net assets

   

183,368

 

131,653

Capital and reserves

   

 

Called up share capital

8

400

 

400

 

Retained earnings

182,968

 

131,253

 

Shareholders' funds

   

183,368

 

131,653

 

Sawyer Bros. (Bookmakers) Limited

(Registration number: 03700893)
Balance Sheet as at 31 May 2024

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 21 February 2025
 

.........................................
M A Sawyer
Director

   
     
 

Sawyer Bros. (Bookmakers) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
East View
Blackburn Road
Brighouse
HD6 2ET

These financial statements were authorised for issue by the director on 21 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' including the disclosure and presentation requirements of Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's functional and presentation currency is pound sterling.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities.

The company recognises revenue when the amount of revenue can be measured reliably and it is probable that future economic benefits will flow to the entity.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Sawyer Bros. (Bookmakers) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture, fittings and equipment

25 - 33% reducing balance

Pitches

Pitches are capitalised, classified as an asset on the balance sheet at cost and are amortised over their useful economic life. They are reviewed for impairment at the end of each financial year if events or changes in circumstances indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Pitches

Provision is made to reflect market conditions

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Sawyer Bros. (Bookmakers) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss and any subsequent reversal is recognised in profit or loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 12 (2023 - 11).

 

Sawyer Bros. (Bookmakers) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

4

Intangible assets

Pitches
 £

Total
£

Cost or valuation

At 1 June 2023

1,420,503

1,420,503

Additions acquired separately

33,650

33,650

Disposals

(14,294)

(14,294)

At 31 May 2024

1,439,859

1,439,859

Amortisation

At 1 June 2023

1,391,556

1,391,556

Amortisation charge

45,772

45,772

Amortisation eliminated on disposals

(14,294)

(14,294)

At 31 May 2024

1,423,034

1,423,034

Carrying amount

At 31 May 2024

16,825

16,825

At 31 May 2023

28,947

28,947

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 June 2023

63,510

63,510

Additions

5,200

5,200

At 31 May 2024

68,710

68,710

Depreciation

At 1 June 2023

57,608

57,608

Charge for the year

2,776

2,776

At 31 May 2024

60,384

60,384

Carrying amount

At 31 May 2024

8,326

8,326

At 31 May 2023

5,902

5,902

 

Sawyer Bros. (Bookmakers) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

6

Debtors

Current

2024
£

2023
£

Prepayments

267

9,294

 

267

9,294

7

Creditors

2024
£

2023
£

Due within one year

Loans and borrowings

200,496

137,305

Taxation and social security

32,316

18,988

Accruals and deferred income

4,320

4,080

237,132

160,373


Creditors include bank loans which are secured by a floating charge over all the property and undertaking of the company of £92,288 (2023 - £102,464).

2024
£

2023
£

Due after one year

Loans and borrowings

12,500

22,500

 

Sawyer Bros. (Bookmakers) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

"A" ordinary shares of £1 each

100

100

100

100

"B" ordinary shares of £1 each

100

100

100

100

"C" ordinary shares of £1 each

100

100

100

100

400

400

400

400

9

Related party transactions

Expenditure with and payables to related parties

2024

Key management
£

Amounts payable to related party

98,208

2023

Key management
£

Amounts payable to related party

25,122