Sawyer & Fisher (Epsom) Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 04648372 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

SAWYER & FISHER (EPSOM) LTD

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

P J Ginger

S K Scammell

SECRETARY:

S K Scammell

REGISTERED OFFICE:

Rosebery House

61A East Street

Epsom

Surrey

KT17 1BP

REGISTERED NUMBER:

04648372 (England and Wales)

ACCOUNTANTS:

Myrus Smith

Chartered Accountants

Norman House

8 Burnell Road

Sutton

Surrey

SM1 4BW

FIXED ASSETS

Tangible assets

4

-

2,298

CURRENT ASSETS

Debtors

5

6,485

96,463

Cash at bank and in hand

173,629

109,653

180,114

206,116

CREDITORS

Amounts falling due within one year

6

40,853

80,380

NET CURRENT ASSETS

139,261

125,736

TOTAL ASSETS LESS CURRENT LIABILITIES

139,261

128,034

CREDITORS

Amounts falling due after more than one year

7

-

42,014

NET ASSETS

139,261

86,020

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

139,257

86,016

139,261

86,020

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

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 27 December 2023 and were signed on its behalf by:

P J Ginger - Director

1.	STATUTORY INFORMATION

Sawyer & Fisher (Epsom) Ltd is a private company, limited by shares , registered in England and Wales. 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover relating to the provision of services is recognised by reference to the stage of completion and when it probable that the income will be received, and the amount can be measured reliably.

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 cost

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairments are recognised in expenditure.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

16,992

Disposals

(16,992

)

At 31 March 2023

-

DEPRECIATION

At 1 April 2022

14,694

Eliminated on disposal

(14,694

)

At 31 March 2023

-

NET BOOK VALUE

At 31 March 2023

-

At 31 March 2022

2,298

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

2,867

78,606

Other debtors

3,618

17,857

6,485

96,463

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Taxation and social security

23,295

64,522

Other creditors

17,558

15,858

40,853

80,380

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans (see note 8)

-

42,014

8.

LOANS

An analysis of the maturity of loans is given below:

2023

2022

£

£

Amounts falling due between two and five years:

Bank loans - 2-5 years

-

42,014

In June 2020, a bounce back loan of £50,000 was received in connection with COVID disruptions. This loan was repaid in full during the year under review.

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2023

2022

£

£

Within one year

-

14,400

Between one and five years

-

19,200

-

33,600