Saunders Boston Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02110520

Unaudited Financial Statements for the Year Ended 31 May 2021

for

Saunders Boston Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R J Blair

M Lindus

D I Heffer

N T Swift

N D Green

REGISTERED OFFICE:

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

REGISTERED NUMBER:

02110520

ACCOUNTANTS:

Hardcastle Burton LLP

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

154,854

169,766

154,854

169,766

CURRENT ASSETS

Debtors

1,170,312

1,004,964

Cash at bank and in hand

457,677

894,275

1,627,989

1,899,239

CREDITORS

Amounts falling due within one year

1,154,042

1,418,629

NET CURRENT ASSETS

473,947

480,610

TOTAL ASSETS LESS CURRENT LIABILITIES

628,801

650,376

CREDITORS

Amounts falling due after more than one year

-

(18,879

)

PROVISIONS FOR LIABILITIES

6

(28,801

)

(31,497

)

NET ASSETS

600,000

600,000

CAPITAL AND RESERVES

Called up share capital

7

18,000

18,000

Other reserves

6,000

6,000

Retained earnings

576,000

576,000

SHAREHOLDERS' FUNDS

600,000

600,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 July 2021 and were signed on its behalf by:

R J Blair - Director

M Lindus - Director

D I Heffer - Director

N T Swift - Director

N D Green - Director

1.	STATUTORY INFORMATION

Saunders Boston Limited is a private company, limited by shares , registered in Not specified/Other. 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 recognised once services have been provided. It represents net invoiced sales of goods, excluding value added tax, as adjusted for opening and closing work in progress.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of three 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.

Plant and machinery etc

-

25% on reducing balance, 20% on cost and 15% 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.

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.

Long term contracts and work in progress

Contracts which are assessed to be long term in nature are accounted for in accordance with SSAP9. Amounts recoverable on work in progress, which are included in debtors, are stated at the net sales value of the work done less amounts received as progress payments on account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 62 (2020 - 66 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2020

and 31 May 2021

89,442

AMORTISATION

At 1 June 2020

and 31 May 2021

89,442

NET BOOK VALUE

At 31 May 2021

-

At 31 May 2020

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 June 2020

469,855

Additions

37,243

At 31 May 2021

507,098

DEPRECIATION

At 1 June 2020

300,089

Charge for year

52,155

At 31 May 2021

352,244

NET BOOK VALUE

At 31 May 2021

154,854

At 31 May 2020

169,766

6.	PROVISIONS FOR LIABILITIES

31.5.21

31.5.20

£

£

Deferred tax

28,801

31,497

Deferred

tax

£

Balance at 1 June 2020

31,497

Profit & loss account

(2,696

)

Balance at 31 May 2021

28,801

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.21

31.5.20

value:

£

£

18,000

Ordinary

£1

18,000

18,000