SC & PS Saunders Limited Filleted accounts for Companies House (small and micro)

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)