Company No:
Contents
| Note | 31.08.2024 | 31.08.2023 | ||
| £ | £ | |||
| Fixed assets | ||||
| Tangible assets | 3 |
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| 24,012 | 26,441 | |||
| Current assets | ||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| 42,589 | 15,360 | |||
| Creditors: amounts falling due within one year | 5 | (
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| Net current assets/(liabilities) | 17,617 | (4,636) | ||
| Total assets less current liabilities | 41,629 | 21,805 | ||
| Net assets |
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| Capital and reserves | ||||
| Called-up share capital | 6 |
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| Profit and loss account |
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| Total shareholders' funds |
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Directors' responsibilities:
The financial statements of SAX100 Limited (registered number:
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B J H Saxton
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.
SAX100 Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Towngate House 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom. The principal place of business is Rufus Cottage, Bartley Road, Woodlands, Southampton, Hampshire SO40 7GP.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Revenue from services is recognised as they are delivered.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
| Plant and machinery |
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| Vehicles |
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Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.
Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
| Year ended 31.08.2024 |
Period from 09.08.2022 to 31.08.2023 |
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| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including directors |
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| Plant and machinery | Vehicles | Total | |||
| £ | £ | £ | |||
| Cost | |||||
| At 01 September 2023 |
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| Additions |
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| Disposals | (
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| At 31 August 2024 |
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| Accumulated depreciation | |||||
| At 01 September 2023 |
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| Charge for the financial year |
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| Disposals | (
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| At 31 August 2024 |
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| Net book value | |||||
| At 31 August 2024 |
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| At 31 August 2023 |
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| 31.08.2024 | 31.08.2023 | ||
| £ | £ | ||
| Trade debtors |
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| Other debtors |
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| 31.08.2024 | 31.08.2023 | ||
| £ | £ | ||
| Taxation and social security |
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| Other creditors |
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| 31.08.2024 | 31.08.2023 | ||
| £ | £ | ||
| Allotted, called-up and fully-paid | |||
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