Registered number
08021191
SAYER HAMILTON LIMITED
Filleted Accounts
31 August 2024
SAYER HAMILTON LIMITED
Registered number: 08021191
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 23,979 2,748
Current assets
Debtors 5 22,291 45,081
Cash at bank and in hand 60,692 87,434
82,983 132,515
Creditors: amounts falling due within one year 6 (26,986) (40,625)
Net current assets 55,997 91,890
Total assets less current liabilities 79,976 94,638
Creditors: amounts falling due after more than one year 7 (235) (42)
Provisions for liabilities (122) (265)
Net assets 79,619 94,331
Capital and reserves
Called up share capital 100 100
Profit and loss account 79,519 94,231
Shareholder's funds 79,619 94,331
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ms E Gardner
Director
Approved by the board on 10 March 2025
SAYER HAMILTON LIMITED
Notes to the Accounts
for the year ended 31 August 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% straight line method
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 September 2023 20,000
At 31 August 2024 20,000
Amortisation
At 1 September 2023 20,000
At 31 August 2024 20,000
Net book value
At 31 August 2024 -
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 September 2023 - 34,609 34,609
Additions 22,229 560 22,789
At 31 August 2024 22,229 35,169 57,398
Depreciation
At 1 September 2023 - 31,861 31,861
Charge for the year - 1,558 1,558
At 31 August 2024 - 33,419 33,419
Net book value
At 31 August 2024 22,229 1,750 23,979
At 31 August 2023 - 2,748 2,748
5 Debtors 2024 2023
£ £
Trade debtors 22,291 45,081
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 8,693 5,926
Taxation and social security costs 15,515 32,022
Other creditors 2,778 2,677
26,986 40,625
7 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 235 42
8 Other information
SAYER HAMILTON LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
17 Hardcastle Gardens
Harwood
Bolton
Lancashire
BL2 4NZ
9 Related party balances
Included within other creditors, amounts falling due after more than one year are amounts owed
to director Mrs E Clift of £235 (2023: £42).
There are no fixed repayment terms and no interest is charged on this balance.
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