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REGISTERED NUMBER: 05210070 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

SATCHWELL & STRANKS LTD

SATCHWELL & STRANKS LTD (REGISTERED NUMBER: 05210070)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SATCHWELL & STRANKS LTD

COMPANY INFORMATION
for the Year Ended 30 September 2024







DIRECTORS: Mr A M Satchwell
Mr Mark J Stranks





SECRETARY: Miss V Plumb





REGISTERED OFFICE: 6 Garlick Drive
Kenilworth
Warwickshire
CV8 2TT





REGISTERED NUMBER: 05210070 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

SATCHWELL & STRANKS LTD (REGISTERED NUMBER: 05210070)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 3 - 7,500
Tangible assets 4 2,011 2,121
2,011 9,621

CURRENT ASSETS
Debtors 5 65,985 7,736
Cash at bank 228,194 239,139
294,179 246,875
CREDITORS
Amounts falling due within one year 6 158,207 144,352
NET CURRENT ASSETS 135,972 102,523
TOTAL ASSETS LESS CURRENT
LIABILITIES

137,983

112,144

PROVISIONS FOR LIABILITIES 309 4,353
NET ASSETS 137,674 107,791

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 137,574 107,691
137,674 107,791

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

SATCHWELL & STRANKS LTD (REGISTERED NUMBER: 05210070)

BALANCE SHEET - continued
30 September 2024


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 9 June 2025 and were signed on its behalf by:





Mr Mark J Stranks - Director


SATCHWELL & STRANKS LTD (REGISTERED NUMBER: 05210070)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 September 2024


1. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

SATCHWELL & STRANKS LTD (REGISTERED NUMBER: 05210070)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024


3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 150,000
AMORTISATION
At 1 October 2023 142,500
Charge for year 7,500
At 30 September 2024 150,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 7,500

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 October 2023 550 4,833 53,136 58,519
Additions - 682 - 682
At 30 September 2024 550 5,515 53,136 59,201
DEPRECIATION
At 1 October 2023 542 4,579 51,277 56,398
Charge for year 2 170 620 792
At 30 September 2024 544 4,749 51,897 57,190
NET BOOK VALUE
At 30 September 2024 6 766 1,239 2,011
At 30 September 2023 8 254 1,859 2,121

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 62,985 5,457
Other debtors 3,000 2,279
65,985 7,736

SATCHWELL & STRANKS LTD (REGISTERED NUMBER: 05210070)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 September 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors (2 ) (2 )
Taxation and social security 42,713 38,832
Other creditors 115,496 105,522
158,207 144,352

7. RELATED PARTY DISCLOSURES

At 30 September 2024 other creditors included loans made to the company by the directors of £47,843 and £44,853 (2023: £49,388 and £48,474l). The loans are interest free and have no fixed date for repayment.

8. ULTIMATE CONTROLLING PARTY

There was no ultimate controlling party through the year.