SAVE DIRECT (UK) LIMITED

Company Registration Number:
09354341 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 1 January 2022

End date: 31 December 2022

SAVE DIRECT (UK) LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

SAVE DIRECT (UK) LIMITED

Directors' report period ended 31 December 2022

The directors present their report with the financial statements of the company for the period ended 31 December 2022

Principal activities of the company

The principal activity of the company during the year was the manufacture of plastic bags and providing finishing and pressing services to the fashion trade.

Political and charitable donations

The company made no charitable nor political donations during the year.



Directors

The directors shown below have held office during the whole of the period from
1 January 2022 to 31 December 2022

Waseem Raja
Naeem Raja


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
25 September 2023

And signed on behalf of the board by:
Name: Waseem Raja
Status: Director

SAVE DIRECT (UK) LIMITED

Profit And Loss Account

for the Period Ended 31 December 2022

2022 2021


£

£
Turnover: 896,709 803,012
Cost of sales: ( 501,030 ) ( 426,729 )
Gross profit(or loss): 395,679 376,283
Administrative expenses: ( 362,756 ) ( 355,482 )
Operating profit(or loss): 32,923 20,801
Interest payable and similar charges: ( 1,150 )
Profit(or loss) before tax: 31,773 20,801
Tax: ( 3,744 ) ( 2,996 )
Profit(or loss) for the financial year: 28,029 17,805

SAVE DIRECT (UK) LIMITED

Balance sheet

As at 31 December 2022

Notes 2022 2021


£

£
Fixed assets
Tangible assets: 3 51,564 47,865
Total fixed assets: 51,564 47,865
Current assets
Stocks: 4 25,000 62,000
Debtors: 5 219,300 159,521
Cash at bank and in hand: 94,034 163,063
Total current assets: 338,334 384,584
Creditors: amounts falling due within one year: 6 ( 224,276 ) ( 269,218 )
Net current assets (liabilities): 114,058 115,366
Total assets less current liabilities: 165,622 163,231
Creditors: amounts falling due after more than one year: 7 ( 66,317 ) ( 87,955 )
Total net assets (liabilities): 99,305 75,276
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 99,303 75,274
Total Shareholders' funds: 99,305 75,276

The notes form part of these financial statements

SAVE DIRECT (UK) LIMITED

Balance sheet statements

For the year ending 31 December 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.

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

This report was approved by the board of directors on 25 September 2023
and signed on behalf of the board by:

Name: Waseem Raja
Status: Director

The notes form part of these financial statements

SAVE DIRECT (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 1. Accounting policies

    Basis of measurement and preparation

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

    Tangible fixed assets depreciation policy

    Tangible fixed assets are depreciated over the useful economic life of the asset.

SAVE DIRECT (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 11 10

SAVE DIRECT (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2022 59,181 57,318 116,499
Additions 20,000 20,000
Disposals ( 6,000 ) ( 6,000 )
Revaluations
Transfers
At 31 December 2022 59,181 71,318 130,499
Depreciation
At 1 January 2022 33,551 35,083 68,634
Charge for year 3,845 9,926 13,771
On disposals ( 3,470 ) ( 3,470 )
Other adjustments
At 31 December 2022 37,396 41,539 78,935
Net book value
At 31 December 2022 21,785 29,779 51,564
At 31 December 2021 25,630 22,235 47,865

SAVE DIRECT (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Stocks

2022 2021
£ £
Stocks 25,000 62,000
Total 25,000 62,000

SAVE DIRECT (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Debtors

2022 2021
£ £
Trade debtors 152,937 159,521
Other debtors 66,363
Total 219,300 159,521

SAVE DIRECT (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

6. Creditors: amounts falling due within one year note

2022 2021
£ £
Trade creditors 115,645 150,173
Taxation and social security 26,888 22,425
Accruals and deferred income 60,800 60,800
Other creditors 20,943 35,820
Total 224,276 269,218

SAVE DIRECT (UK) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

7. Creditors: amounts falling due after more than one year note

2022 2021
£ £
Bank loans and overdrafts 66,317 87,955
Total 66,317 87,955