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REGISTERED NUMBER: 00777693 (England and Wales)















Sapphire Investigations Bureau Limited

Unaudited Financial Statements

for the year ended

31 October 2024






Sapphire Investigations Bureau Limited (Registered number: 00777693)

Contents of the Financial Statements
for the year ended 31 October 2024










Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


Sapphire Investigations Bureau Limited

Company Information
for the year ended 31 October 2024







DIRECTORS: J E Peachman
M W Peachman
P B Peachman





SECRETARY: P B Peachman





REGISTERED OFFICE: Offices 4 & 5
The Motorsport Hangar
Long Stratton
Norwich
Norfolk
NR15 2PD





REGISTERED NUMBER: 00777693 (England and Wales)





ACCOUNTANTS: TC Group
Accountants
Yare House
62-64 Thorpe Road
Norwich
Norfolk
NR1 1RY

Sapphire Investigations Bureau Limited (Registered number: 00777693)

Statement of Financial Position
31 October 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 10,288 12,869
Investment property 5 230,000 230,000
240,288 242,869

CURRENT ASSETS
Debtors 6 26,200 34,027
Cash at bank and in hand 36,812 39,246
63,012 73,273
CREDITORS
Amounts falling due within one year 7 (11,391 ) (11,061 )
NET CURRENT ASSETS 51,621 62,212
TOTAL ASSETS LESS CURRENT LIABILITIES 291,909 305,081

PROVISIONS FOR LIABILITIES (40,138 ) (40,138 )
NET ASSETS 251,771 264,943

CAPITAL AND RESERVES
Called up share capital 9,910 9,910
Revaluation reserve 8 171,112 171,112
Retained earnings 8 70,749 83,921
SHAREHOLDERS' FUNDS 251,771 264,943

Sapphire Investigations Bureau Limited (Registered number: 00777693)

Statement of Financial Position - continued
31 October 2024


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

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

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 February 2025 and were signed on its behalf by:





M W Peachman - Director


Sapphire Investigations Bureau Limited (Registered number: 00777693)

Notes to the Financial Statements
for the year ended 31 October 2024


1. STATUTORY INFORMATION

Sapphire Investigations Bureau 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.

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.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 20% on cost
Motor vehicles - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the revaluation reserve until such time that the profit is realised on disposal.

Financial instruments
Short term debtors are measured at transaction price, less any impairment.
Short term creditors are measured at the transaction price.

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.


Sapphire Investigations Bureau Limited (Registered number: 00777693)

Notes to the Financial Statements - continued
for the year ended 31 October 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2023 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Office Motor
equipment vehicles Totals
£    £    £   
COST
At 1 November 2023 5,188 31,341 36,529
Disposals (3,261 ) - (3,261 )
At 31 October 2024 1,927 31,341 33,268
DEPRECIATION
At 1 November 2023 4,798 18,862 23,660
Charge for year 85 2,496 2,581
Eliminated on disposal (3,261 ) - (3,261 )
At 31 October 2024 1,622 21,358 22,980
NET BOOK VALUE
At 31 October 2024 305 9,983 10,288
At 31 October 2023 390 12,479 12,869

Sapphire Investigations Bureau Limited (Registered number: 00777693)

Notes to the Financial Statements - continued
for the year ended 31 October 2024


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023
and 31 October 2024 230,000
NET BOOK VALUE
At 31 October 2024 230,000
At 31 October 2023 230,000

Investment property was valued on an open market basis on 31 October 2024 by the directors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,922 28,912
Other debtors 4,278 5,115
26,200 34,027

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,032 1,377
Taxation and social security 7,709 7,560
Other creditors 2,650 2,124
11,391 11,061

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 November 2023 83,921 171,112 255,033
Deficit for the year (13,172 ) - (13,172 )
At 31 October 2024 70,749 171,112 241,861

9. FINANCIAL COMMITMENTS

The company had total commitments under non-cancellable operating leases over the remaining life of those leases of £3,028 (2023 - £nil).