Sagers Construction Ltd

Sagers Construction Ltd

SAGERS CONSTRUCTION LTD - Company Information

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1 April 2022 false No description of principal activity Taxfiler 2023.5.1 10092584business:PrivateLimitedCompanyLtd2022-04-012023-03-31 100925842022-03-31 100925842022-04-012023-03-31 10092584business:AuditExemptWithAccountantsReport2022-04-012023-03-31 10092584business:FullAccounts2022-04-012023-03-31 100925842023-03-31 10092584business:Director12022-04-012023-03-31 10092584business:RegisteredOffice2022-04-012023-03-31 100925842022-03-31 10092584core:WithinOneYear2023-03-31 10092584core:WithinOneYear2022-03-31 10092584core:AfterOneYear2023-03-31 10092584core:AfterOneYear2022-03-31 10092584core:ShareCapital2023-03-31 10092584core:ShareCapital2022-03-31 10092584core:RetainedEarningsAccumulatedLosses2023-03-31 10092584core:RetainedEarningsAccumulatedLosses2022-03-31 10092584business:SmallEntities2022-04-012023-03-31 10092584countries:EnglandWales2022-04-012023-03-31 10092584core:MotorVehicles2022-04-012023-03-31 10092584core:ComputerEquipment2022-04-012023-03-31 10092584core:MotorVehicles2022-03-31 10092584core:ComputerEquipment2022-03-31 10092584core:MotorVehicles2023-03-31 10092584core:ComputerEquipment2023-03-31 10092584business:OrdinaryShareClass12022-04-012023-03-31 10092584business:OrdinaryShareClass12021-04-012022-03-31 10092584business:Director112022-04-012023-03-31 10092584business:Director112022-03-31 10092584business:Director112023-03-31 100925842021-04-012022-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 10092584 (England and Wales)
Sagers Construction Ltd Unaudited accounts for the year ended 31 March 2023
Sagers Construction Ltd Unaudited accounts Contents
Page
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Sagers Construction Ltd Company Information for the year ended 31 March 2023
Director
Oliver Ager
Company Number
10092584 (England and Wales)
Registered Office
45 Yeo Moor Clevedon BS21 6UF England
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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Sagers Construction Ltd Accountants' report
Accountants' report to the director of Sagers Construction Ltd on the preparation of the unaudited statutory accounts for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Sagers Construction Ltd for the year ended 31 March 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Sagers Construction Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Sagers Construction Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sagers Construction Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Sagers Construction Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Sagers Construction Ltd. You consider that Sagers Construction Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Sagers Construction Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN 16 May 2023
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Sagers Construction Ltd Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
36,913 
9,594 
Current assets
Inventories
300 
300 
Debtors
5
9,626 
- 
Cash at bank and in hand
42,635 
8,022 
52,561 
8,322 
Creditors: amounts falling due within one year
6
(46,624)
(10,103)
Net current assets/(liabilities)
5,937 
(1,781)
Total assets less current liabilities
42,850 
7,813 
Creditors: amounts falling due after more than one year
7
(7,538)
- 
Net assets
35,312 
7,813 
Capital and reserves
Called up share capital
8
1 
1 
Profit and loss account
35,311 
7,812 
Shareholders' funds
35,312 
7,813 
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts 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 FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 May 2023 and were signed on its behalf by
Oliver Ager Director Company Registration No. 10092584
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Sagers Construction Ltd Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Sagers Construction Ltd is a private company, limited by shares, registered in England and Wales, registration number 10092584. The registered office is 45 Yeo Moor, Clevedon, BS21 6UF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
- 
12,792 
12,792 
Additions
29,462 
649 
30,111 
At 31 March 2023
29,462 
13,441 
42,903 
Depreciation
At 1 April 2022
- 
3,198 
3,198 
Charge for the year
363 
2,429 
2,792 
At 31 March 2023
363 
5,627 
5,990 
Net book value
At 31 March 2023
29,099 
7,814 
36,913 
At 31 March 2022
- 
9,594 
9,594 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
9,626 
- 
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Sagers Construction Ltd Notes to the Accounts for the year ended 31 March 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
1,101 
- 
VAT
- 
4,618 
Trade creditors
5,575 
- 
Taxes and social security
8,688 
1,513 
Loans from directors
30,492 
3,972 
Accruals
768 
- 
46,624 
10,103 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
7,538 
- 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Oliver Ager
Directors Loan Account
(3,972)
(31,870)
(5,349)
(30,493)
(3,972)
(31,870)
(5,349)
(30,493)
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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