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REGISTERED NUMBER: 06044280 (England and Wales)















Financial Statements for the Year Ended 31 January 2025

for

Saywards Limited

Saywards Limited (Registered number: 06044280)

Contents of the Financial Statements
for the Year Ended 31 January 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Saywards Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: M J Sayward
Mrs F A Sayward





SECRETARY: M J Sayward





REGISTERED OFFICE: Brooklyn House
Whilton Locks
Whilton
Daventry
Northamptonshire
NN11 2NH





REGISTERED NUMBER: 06044280 (England and Wales)





ACCOUNTANTS: Geoff Cowley & Co Ltd
Willow Park
Upton Lane
Stoke Golding
Nuneaton
Warwickshire
CV13 6EU

Saywards Limited (Registered number: 06044280)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 62,908 46,715

CURRENT ASSETS
Stocks 2,293 1,396
Debtors 5 9,079 7,926
Cash at bank and in hand 76,216 89,193
87,588 98,515
CREDITORS
Amounts falling due within one year 6 24,151 38,571
NET CURRENT ASSETS 63,437 59,944
TOTAL ASSETS LESS CURRENT
LIABILITIES

126,345

106,659

CREDITORS
Amounts falling due after more than one
year

7

(11,284

)

-

PROVISIONS FOR LIABILITIES (11,460 ) (8,275 )
NET ASSETS 103,601 98,384

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 103,501 98,284
SHAREHOLDERS' FUNDS 103,601 98,384

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

Saywards Limited (Registered number: 06044280)

Balance Sheet - continued
31 January 2025


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 1 July 2025 and were signed on its behalf by:





M J Sayward - Director


Saywards Limited (Registered number: 06044280)

Notes to the Financial Statements
for the Year Ended 31 January 2025


1. STATUTORY INFORMATION

Saywards 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Saywards Limited (Registered number: 06044280)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 NIL (2024 - 3 ).

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2024 1,133 59,037 958
Additions - - -
Disposals - - -
At 31 January 2025 1,133 59,037 958
DEPRECIATION
At 1 February 2024 - 25,178 419
Charge for year - 5,096 135
Eliminated on disposal - - -
At 31 January 2025 - 30,274 554
NET BOOK VALUE
At 31 January 2025 1,133 28,763 404
At 31 January 2024 1,133 33,859 539

Saywards Limited (Registered number: 06044280)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2024 39,145 1,927 102,200
Additions 38,960 - 38,960
Disposals (21,345 ) - (21,345 )
At 31 January 2025 56,760 1,927 119,815
DEPRECIATION
At 1 February 2024 28,590 1,298 55,485
Charge for year 10,718 171 16,120
Eliminated on disposal (14,698 ) - (14,698 )
At 31 January 2025 24,610 1,469 56,907
NET BOOK VALUE
At 31 January 2025 32,150 458 62,908
At 31 January 2024 10,555 629 46,715

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 February 2024 21,345
Additions 33,460
Disposals (21,345 )
At 31 January 2025 33,460
DEPRECIATION
At 1 February 2024 14,591
Charge for year 8,366
Eliminated on disposal (14,592 )
At 31 January 2025 8,365
NET BOOK VALUE
At 31 January 2025 25,095
At 31 January 2024 6,754

Saywards Limited (Registered number: 06044280)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Trade debtors 7,872 6,675
Other debtors 1,207 1,251
9,079 7,926

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Hire purchase contracts 3,224 -
Trade creditors 3,727 12,344
Taxation and social security 3,802 10,181
Other creditors 13,398 16,046
24,151 38,571

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.25 31.1.24
£    £   
Hire purchase contracts 11,284 -