Sale Fencing & Surfacing Limited |
Registered Number:01579458 |
For the year ended 31 May 2024
England and Wales
Unaudited Financial Statements
For the year ended 31 May 2024
Sale Fencing & Surfacing Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Sale Fencing & Surfacing Limited
Abridged Statement of Financial Position
2023
2024
Property, plant and equipment |
7,309
7,253
7,309
7,253
25,032
35,500
2
Trade and other receivables |
43,145
62,779
47,527
Cash and cash equivalents |
14,917
113,196
115,704
Trade and other payables: amounts falling due within one year |
(82,404)
(90,577)
33,300
22,619
Net current assets
Total assets less current liabilities |
29,928
40,553
Trade and other payables: amounts falling due after more than one year |
(39,217)
(29,333)
3
595
Net assets
1,336
100
100
495
1,236
595
1,336
Shareholders' funds
For the year ended 31 May 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 of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
All the members have consented to the preparation of an Abridged Income Statement and an Abridged Statement of Financial Position for the year ended 31 May 2024 in accordance with Section 444 (2A) of the Companies Act 2006. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 May 2024
Sale Fencing & Surfacing Limited
Abridged Statement of Financial Position Continued
These financial statements were approved and authorised for issue by the Board on 18 February 2025 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 May 2024
Sale Fencing & Surfacing Limited
Notes to the Financial Statements
Statutory Information
Sale Fencing & Surfacing Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number |
01579458. |
Trinity Chambers
8 Suez Street
Warrington
Cheshire
WA1 1EG
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The |
Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have |
been prepared under the historical costs convention as modified by the revaluation of certain assets. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of 5 years. |
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Motor vehicles
2023
2024
35,500
25,032
3. Trade and other payables: amounts falling due after more than one year |
2023
2024
29,333
39,217
4. Directors advances and guarantees |
Included within Other debtors is a loan due from a director of £35,654 (2023: £20,936). The loan is repayable on demand and interest is |
charged at HMRC's official rate. The company expects that within nine months of the year-end this loan to be fully repaid. |
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For the year ended 31 May 2024
Sale Fencing & Surfacing Limited
Notes to the Financial Statements Continued
5. Average number of persons employed |
During the year the average number of employees was 5 (2023 : 6)
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