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REGISTERED NUMBER: 04085223 (England and Wales)

















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Sascar Limited

Sascar Limited (Registered number: 04085223)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sascar Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: Mr V J Davies
Mrs V H Hartman





SECRETARY: Towdman Limited





REGISTERED OFFICE: Holt House
Holt Lane
Lea
Matlock
Derbyshire
DE4 5GQ





REGISTERED NUMBER: 04085223 (England and Wales)





ACCOUNTANTS: BullockWoodburn Limited
Norfolk House
Hardwick Square North
Buxton
SK17 6PU

Sascar Limited (Registered number: 04085223)

Balance Sheet
31 January 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 50 -

CURRENT ASSETS
Stocks 5 133,380 135,855
Debtors 6 242,145 4,633
Cash at bank 176,560 912
552,085 141,400
CREDITORS
Amounts falling due within one year 7 (98,039 ) (22,561 )
NET CURRENT ASSETS 454,046 118,839
TOTAL ASSETS LESS CURRENT LIABILITIES 454,096 118,839

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 453,996 118,739
SHAREHOLDERS' FUNDS 454,096 118,839

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

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

Sascar Limited (Registered number: 04085223)

Balance Sheet - continued
31 January 2023


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 October 2023 and were signed on its behalf by:




Mr V J Davies - Director



Mrs V H Hartman - Director


Sascar Limited (Registered number: 04085223)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Sascar Limited 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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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
An account exists with Rowanmoor who are holding pension funds for the director. The company has made no contributions to this fund and has no fiduciary responsibility for the account.

Separately the company operates a defined contribution pension scheme. Contributions payable to the pension scheme are charged to the profit or loss in the period to which they relate.

Sascar Limited (Registered number: 04085223)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 4 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 50
At 31 January 2023 50
NET BOOK VALUE
At 31 January 2023 50

Sascar Limited acquired a 50% interest in Greenshank (Oxford) Limited during the year ended 31 January 2023, a property development holding company. The new company was incorporated on 31 March 2022 and has a year end date of 31 March.

5. STOCKS
2023 2022
£    £   
Stocks 103,779 103,779
Work-in-progress 29,601 32,076
133,380 135,855

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Tax - 1,703
VAT 4,132 2,930
4,132 4,633

Amounts falling due after more than one year:
Other debtors 238,013 -

Aggregate amounts 242,145 4,633

Sascar Limited (Registered number: 04085223)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 26,544 6,240
Tax 56,574 -
Social security and other taxes 2,779 352
NEST Pensions creditor 34 34
Directors' current accounts 12,108 15,935
98,039 22,561

8. RELATED PARTY DISCLOSURES

During the year the company made loans with its 50% owned subsidiary, Greenshank (Oxford) Limited.

At the year end Sascar Limited was owed £238,013 from Greenshank (Oxford) Limited.