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REGISTERED NUMBER: 05760298 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Sanders & Sanders Estate Agents Ltd.

Sanders & Sanders Estate Agents Ltd. (Registered number: 05760298)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Sanders & Sanders Estate Agents Ltd.

Company Information
for the Year Ended 30 June 2024







DIRECTOR: W C Sanders





REGISTERED OFFICE: Burton House
High Street
Alcester
Warwickshire
B49 5AB





REGISTERED NUMBER: 05760298 (England and Wales)





ACCOUNTANTS: Davies Archytas Accountants Ltd
14 The Oaks
Clews Road
Redditch
Worcestershire
B98 7ST

Sanders & Sanders Estate Agents Ltd. (Registered number: 05760298)

Abridged Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,217 9,388

CURRENT ASSETS
Stocks 6,847 3,300
Debtors 96,151 97,498
Cash at bank 8,070 865
111,068 101,663
CREDITORS
Amounts falling due within one year 68,201 61,040
NET CURRENT ASSETS 42,867 40,623
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,084

50,011

CREDITORS
Amounts falling due after more than one year 5 30,084 33,572
NET ASSETS 21,000 16,439

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 20,998 16,437
SHAREHOLDERS' FUNDS 21,000 16,439

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Sanders & Sanders Estate Agents Ltd. (Registered number: 05760298)

Abridged Statement of Financial Position - continued
30 June 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 Income Statement and an abridged Statement of Financial Position for the year ended 30 June 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 were approved by the director and authorised for issue on 30 November 2024 and were signed by:





W C Sanders - Director


Sanders & Sanders Estate Agents Ltd. (Registered number: 05760298)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Sanders & Sanders Estate Agents Ltd. 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 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.
Fixtures and fittings - 15% on reducing balance
Equipment - 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Sanders & Sanders Estate Agents Ltd. (Registered number: 05760298)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 44,042
Additions 279
At 30 June 2024 44,321
DEPRECIATION
At 1 July 2023 34,654
Charge for year 1,450
At 30 June 2024 36,104
NET BOOK VALUE
At 30 June 2024 8,217
At 30 June 2023 9,388

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
30.6.24 30.6.23
£    £   
Repayable by instalments
Bank loans more than 5 years
by instalments 13,417 16,905
13,417 16,905

6. LOANS

An analysis of the maturity of loans is given below:

30.6.24 30.6.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,556 5,556

Sanders & Sanders Estate Agents Ltd. (Registered number: 05760298)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. LOANS - continued
30.6.24 30.6.23
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 5,556 5,556

Amounts falling due between two and five years:
Bank loans - 2-5 years 11,111 11,111

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 13,417 16,905
13,417 16,905

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
2 Ordinary shares £1 2 2

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
W C Sanders
Balance outstanding at start of year 72,449 72,700
Amounts advanced 29,139 49,749
Amounts repaid (31,000 ) (50,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 70,588 72,449

The overdrawn director's current account is included within debtors. It is an interest free unsecured loan to the director, W C Sanders.

9. ULTIMATE CONTROLLING PARTY

The controlling party during the year under review was the director by virtue of his 100% holding of the issued share capital.