Saw Developments Ltd - Accounts

Saw Developments Ltd - Accounts

SAW DEVELOPMENTS LTD - Company Information

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Registered Number: 07519549


 

 

 


Abridged Accounts

for the year ended 29 February 2020

for

SAW DEVELOPMENTS LTD

Saw Developments Ltd
Contents Page
For the year ended 29 February 2020
Accountant’s report
You consider that the company is exempt from an audit for the year ended 29 February 2020 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Brumijan Ltd t/a all about accounting
29 February 2020



....................................................
Brumijan Ltd t/a all about accounting
West Gate Lodge
Cams Hall Estate
Fareham
PO16 8UP
20 October 2020
1
 
 		 Notes
 		 2020
£		   2019
£
Fixed assets      
Tangible fixed assets 2 79    106 
79    106 
Current assets      
Cash at bank and in hand 15,792    92,557 
Creditors: amount falling due within one year (7,295)   (60,353)
Net current assets 8,497    32,204 
 
Total assets less current liabilities 8,576    32,310 
Net assets 8,576    32,310 
 

Capital and reserves 		     
Called up share capital 100    100 
Profit and loss account 8,476    32,210 
Shareholders funds 8,576    32,310 
 


For the year ended 29 February 2020 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
  2. The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts
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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 20 October 2020 and were signed on its behalf by:


--------------------------------
Beverly Wilson
Director
2
General Information
Saw Developments Ltd is a private company, limited by shares, registered in , registration number 07519549, registration address 7 Downend Road, Fareham, Hampshire, PO16 8RG

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sale taxes.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25 Reducing Balance
2.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 March 2019 1,060    1,060 
Additions -    - 
Disposals -    - 
At 29 February 2020 1,060    1,060 
Depreciation
At 01 March 2019 954    954 
Charge for year 27    27 
On disposals -    - 
At 29 February 2020 981    981 
Net book values
Closing balance as at 29 February 2020 79    79 
Opening balance as at 01 March 2019 106    106 


3.

Staff Costs

2020   2019
 
Average number of employees during the year Number   Number
Administration 1    1 
1    1 

4.

Average number of employees

The average monthly number of employees, including directors, during the year was 1 (2019 : 1)
3