Registered number
10933822
SAUBA & DAUGHTERS CO LIMITED
Filleted Accounts
31 August 2024
SAUBA & DAUGHTERS CO LIMITED
Registered number: 10933822
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 94,632 20,739
Investments 4 39,151 35,151
133,783 55,890
Current assets
Debtors 5 99,789 40,735
Cash at bank and in hand 48 15,098
99,837 55,833
Creditors: amounts falling due within one year 6 (54,094) (38,024)
Net current assets 45,743 17,809
Total assets less current liabilities 179,526 73,699
Creditors: amounts falling due after more than one year 7 (176,000) (71,704)
Net assets 3,526 1,995
Capital and reserves
Called up share capital 100 100
Profit and loss account 3,426 1,895
Shareholder's funds 3,526 1,995
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 his 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.
Oumaduth Sauba
Director
Approved by the board on 28 May 2025
SAUBA & DAUGHTERS CO 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.
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:
Office equipment 18% reducing balance
Motor vehicles 18% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2023 210 44,799 45,009
Additions - 115,405 115,405
Disposals - (44,799) (44,799)
At 31 August 2024 210 115,405 115,615
Depreciation
At 1 September 2023 210 24,060 24,270
Charge for the year - 20,773 20,773
On disposals - (24,060) (24,060)
At 31 August 2024 210 20,773 20,983
Net book value
At 31 August 2024 - 94,632 94,632
At 31 August 2023 - 20,739 20,739
4 Investments
Other
investments
£
Cost
At 1 September 2023 35,151
Additions 4,000
At 31 August 2024 39,151
5 Debtors 2024 2023
£ £
Trade debtors 23,552 13,796
Other debtors 76,237 26,939
99,789 40,735
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 2,371 -
Director current account 9,560 1,527
Trade creditors 4,814 9,564
Client deposit account 2,271 2,114
Taxation and social security costs 27,858 18,982
Other creditors 7,220 5,837
54,094 38,024
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 64,437 47,731
Obligations under finance lease and hire purchase contracts 111,563 23,973
176,000 71,704
8 Other information
SAUBA & DAUGHTERS CO LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
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