SAPILL LTD

SAPILL LTD

SAPILL LTD - Company Information

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SAPILL LTD

Company Registration Number:
09570785 (England and Wales)

Unaudited abridged accounts for the year ended 30 April 2022

Period of accounts

Start date: 01 May 2021

End date: 30 April 2022

SAPILL LTD

Contents of the Financial Statements

for the Period Ended 30 April 2022

Balance sheet
Notes

SAPILL LTD

Balance sheet

As at 30 April 2022


Notes
2022
2021


£
£
Fixed assets
Tangible assets: 3 7,252 8,370
Total fixed assets: 7,252 8,370
Current assets
Stocks: 471 471
Debtors:     200
Cash at bank and in hand: 10,561 16,995
Total current assets: 11,032 17,666
Creditors: amounts falling due within one year:   (1,688) (1,516)
Net current assets (liabilities): 9,344 16,150
Total assets less current liabilities: 16,596 24,520
Creditors: amounts falling due after more than one year:   (25,269) (24,390)
Provision for liabilities: (1,354) (1,560)
Total net assets (liabilities): (10,027) (1,430)
Capital and reserves
Called up share capital: 10 10
Profit and loss account: (10,037) (1,440)
Shareholders funds: (10,027) (1,430)

The notes form part of these financial statements

SAPILL LTD

Balance sheet statements

For the year ending 30 April 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 20 January 2023
and signed on behalf of the board by:

Name: Stephen Price
Status: Director

The notes form part of these financial statements

SAPILL LTD

Notes to the Financial Statements

for the Period Ended 30 April 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents sales of services and is recognised when the company obtains the right to consideration.

Tangible fixed assets and depreciation policy

Depreciation is provided at the annual rate of 25% on the reducing balance in order to write off each asset over its estimated useful life.

Valuation and information policy

Stock has been valued at the lower of cost or net realisable value.

Other accounting policies

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

SAPILL LTD

Notes to the Financial Statements

for the Period Ended 30 April 2022

2. Employees

2022 2021
Average number of employees during the period 2 2

SAPILL LTD

Notes to the Financial Statements

for the Period Ended 30 April 2022

3. Tangible Assets

Total
Cost £
At 01 May 2021 21,838
Additions 1,299
At 30 April 2022 23,137
Depreciation
At 01 May 2021 13,468
Charge for year 2,417
At 30 April 2022 15,885
Net book value
At 30 April 2022 7,252
At 30 April 2021 8,370