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COMPANY REGISTRATION NUMBER: 08818696

SC & PS SAUNDERS LIMITED

Filleted Unaudited Financial Statements

31 January 2025

SC & PS SAUNDERS LIMITED

Statement of Financial Position

31 January 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 6 |  | 46,110 | 59,992

Current assets

Stocks | 165,000 |  | 177,500
Debtors | 7 | 293,891 |  | 271,691
Cash at bank and in hand | 10,071 |  | 4,925
| --------- |  | ---------
| 468,962 |  | 454,116

Creditors: amounts falling due within one year | 8 | 346,482 |  | 373,940
| --------- |  | ---------
Net current assets |  | 122,480 | 80,176
|  | --------- | ---------
Total assets less current liabilities |  | 168,590 | 140,168

Creditors: amounts falling due after more than one year | 9 |  | 14,805 | 27,333

Provisions

Taxation including deferred tax |  | 8,761 | 11,398
|  | --------- | ---------
Net assets |  | 145,024 | 101,437
|  | --------- | ---------

Capital and reserves

Called up share capital |  | 2 | 2
Profit and loss account |  | 145,022 | 101,435
|  | --------- | ---------
Shareholders funds |  | 145,024 | 101,437
|  | --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31st January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

SC & PS SAUNDERS LIMITED

Statement of Financial Position (continued)

31 January 2025
These financial statements were approved by the board of directors and authorised for issue on 1 October 2025 , and are signed on behalf of the board by:

Mr S C Saunders | Mr P S Saunders
Director | Director

Company registration number: 08818696

SC & PS SAUNDERS LIMITED

Notes to the Financial Statements

Year ended 31st January 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 17 Newstead Grove, NOTTINGHAM, NG1 4GZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Goodwill
Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Goodwill | - | 10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant & Machinery | - | 15% reducing balance
| Fixtures & fittings | - | 15% reducing balance
| Motor vehicles | - | 25% reducing balance

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2024: 8 ).
5. Intangible assets

| Goodwill
| £
Cost |
At 1st February 2024 and 31st January 2025 | 150,000
| ---------
Amortisation |
At 1st February 2024 and 31st January 2025 | 150,000
| ---------
Carrying amount |
At 31st January 2025 | –
| ---------
At 31st January 2024 | –
| ---------

6. Tangible assets

| Plant and machinery | Fixtures and fittings | Motor vehicles | Total
| £ | £ | £ | £
Cost |  |  |  |
At 1st February 2024 | 25,111 | 2,790 | 102,550 | 130,451
Additions | – | – | 4,000 | 4,000
Disposals | – | – | ( 21,500) | ( 21,500)
| -------- | ------- | --------- | ---------
At 31st January 2025 | 25,111 | 2,790 | 85,050 | 112,951
| -------- | ------- | --------- | ---------
Depreciation |  |  |  |
At 1st February 2024 | 18,148 | 1,673 | 50,638 | 70,459
Charge for the year | 1,044 | 167 | 13,080 | 14,291
Disposals | – | – | ( 17,909) | ( 17,909)
| -------- | ------- | --------- | ---------
At 31st January 2025 | 19,192 | 1,840 | 45,809 | 66,841
| -------- | ------- | --------- | ---------
Carrying amount |  |  |  |
At 31st January 2025 | 5,919 | 950 | 39,241 | 46,110
| -------- | ------- | --------- | ---------
At 31st January 2024 | 6,963 | 1,117 | 51,912 | 59,992
| -------- | ------- | --------- | ---------

Finance leases and hire purchase contracts
Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

| Plant and machinery
| £
At 31st January 2025 | 29,419
| --------
At 31st January 2024 | 39,225
| --------

7. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 117,136 | 97,503
Other debtors | 176,755 | 174,188
| --------- | ---------
| 293,891 | 271,691
| --------- | ---------

8. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 156,775 | 145,875
Trade creditors | 35,536 | 54,272
Corporation tax | 16,470 | 2,664
Social security and other taxes | 21,686 | 22,299
Company Credit Card | 4,775 | 6,221
Other creditors | 111,240 | 142,609
| --------- | ---------
| 346,482 | 373,940
| --------- | ---------

The bank overdraft is secured by a fixed and floating charge over all assets and property of the company
9. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Other creditors | 14,805 | 27,333
| -------- | --------

10. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:

| 2025
|  | Balance brought forward | Advances/ (credits) to the directors | Balance outstanding
|  | £ | £ | £
| Mr S C Saunders | ( 79,986) | ( 3,412) | ( 83,398)
| Mr P S Saunders | ( 42,148) | 34,178 | ( 7,970)
|  | --------- | -------- | --------
|  | ( 122,134) | 30,766 | ( 91,368)
|  | --------- | -------- | --------

| 2024
|  | Balance brought forward | Advances/ (credits) to the directors | Balance outstanding
|  | £ | £ | £
| Mr S C Saunders | ( 69,192) | ( 10,794) | ( 79,986)
| Mr P S Saunders | ( 40,906) | ( 1,242) | ( 42,148)
|  | --------- | -------- | ---------
|  | ( 110,098) | ( 12,036) | ( 122,134)
|  | --------- | -------- | ---------

These amounts are included in other creditors. The directors were paid dividends during year amounting to £5,000(2024 £83,000)