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Company Registration No. 03239668 (England and Wales)
SATURN SPRAYING SYSTEMS LTD Unaudited accounts for the year ended 30 September 2023
SATURN SPRAYING SYSTEMS LTD Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
18,769 
21,777 
Current assets
Inventories
99,180 
80,278 
Debtors
164,821 
121,745 
Cash at bank and in hand
892 
19 
264,893 
202,042 
Creditors: amounts falling due within one year
(146,189)
(132,979)
Net current assets
118,704 
69,063 
Net assets
137,473 
90,840 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
136,473 
89,840 
Shareholders' funds
137,473 
90,840 
For the year ending 30 September 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 25 October 2023 and were signed on its behalf by
Andre Omar Barrett Director Company Registration No. 03239668
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SATURN SPRAYING SYSTEMS LTD Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
SATURN SPRAYING SYSTEMS LTD is a private company, limited by shares, registered in England and Wales, registration number 03239668. The registered office is Unit 3, 13 Cobham Road, Ferndown Industrial Estate, Wimborne, Dorest, BH21 7PE, United Kingdom.
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.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
15% reducing balance
Computer equipment
25% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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SATURN SPRAYING SYSTEMS LTD Notes to the Accounts for the year ended 30 September 2023
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2022
107,197 
720 
107,917 
Additions
- 
341 
341 
At 30 September 2023
107,197 
1,061 
108,258 
Depreciation
At 1 October 2022
86,016 
124 
86,140 
Charge for the year
3,177 
172 
3,349 
At 30 September 2023
89,193 
296 
89,489 
Net book value
At 30 September 2023
18,004 
765 
18,769 
At 30 September 2022
21,181 
596 
21,777 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
721 
- 
Trade debtors
65,131 
115,111 
Amounts due from group undertakings etc.
85,500 
- 
Accrued income and prepayments
13,469 
4,360 
Other debtors
- 
2,274 
164,821 
121,745 
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SATURN SPRAYING SYSTEMS LTD Notes to the Accounts for the year ended 30 September 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
18,653 
131 
VAT
- 
5,352 
Trade creditors
95,340 
90,431 
Taxes and social security
11,696 
4,640 
Other creditors
19,300 
10,215 
Loans from directors
- 
21,010 
Accruals
1,200 
1,200 
146,189 
132,979 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000 
1,000 
8
Controlling party
The ultimate parent company is Barrett Ventures Ltd. The registered office of the ultimate parent company is 20-22 Wenlock Road, London, N1 7GU
9
Average number of employees
During the year the average number of employees was 7 (2022: 6).
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