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REGISTERED NUMBER: 11389837 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

SAGAMORE HILL LIMITED
TRADING AS
ADDITIV+

SAGAMORE HILL LIMITED (REGISTERED NUMBER: 11389837)
TRADING AS ADDITIV+

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SAGAMORE HILL LIMITED
TRADING AS ADDITIV+

COMPANY INFORMATION
For The Year Ended 31 May 2023







DIRECTORS: M P Camacho
Mrs D Camacho





REGISTERED OFFICE: 11 Welham Road
Norton
North Yorkshire
YO17 9DP





REGISTERED NUMBER: 11389837 (England and Wales)





ACCOUNTANTS: Fortus North Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU

SAGAMORE HILL LIMITED (REGISTERED NUMBER: 11389837)
TRADING AS ADDITIV+

BALANCE SHEET
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,789 1,495
1,789 1,495

CURRENT ASSETS
Debtors 6 654,213 86,937
Cash at bank 663,424 71,101
1,317,637 158,038
CREDITORS
Amounts falling due within one year 7 464,372 127,874
NET CURRENT ASSETS 853,265 30,164
TOTAL ASSETS LESS CURRENT LIABILITIES 855,054 31,659

PROVISIONS FOR LIABILITIES 447 374
NET ASSETS 854,607 31,285

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 854,605 31,283
SHAREHOLDERS' FUNDS 854,607 31,285

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

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

SAGAMORE HILL LIMITED (REGISTERED NUMBER: 11389837)
TRADING AS ADDITIV+

BALANCE SHEET - continued
31 May 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2023 and were signed on its behalf by:




M P Camacho - Director



Mrs D Camacho - Director


SAGAMORE HILL LIMITED (REGISTERED NUMBER: 11389837)
TRADING AS ADDITIV+

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2023


1. STATUTORY INFORMATION

Sagamore Hill 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.

These financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

Turnover
Turnover is recognised at the fair value of the consideration recieved or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. Included in turnover is the provision of work completed but not yet invoiced.

Goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years. In the comparative year the goodwill has been impaired down to nil value.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


SAGAMORE HILL LIMITED (REGISTERED NUMBER: 11389837)
TRADING AS ADDITIV+

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2023


2. ACCOUNTING POLICIES - continued
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
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.

Cash at bank and in hand
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown with borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 102,776
AMORTISATION
At 1 June 2022
and 31 May 2023 102,776
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

SAGAMORE HILL LIMITED (REGISTERED NUMBER: 11389837)
TRADING AS ADDITIV+

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2023


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 1,914
Additions 791
At 31 May 2023 2,705
DEPRECIATION
At 1 June 2022 419
Charge for year 497
At 31 May 2023 916
NET BOOK VALUE
At 31 May 2023 1,789
At 31 May 2022 1,495

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 652,020 86,848
Other debtors 2,193 89
654,213 86,937

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 1,723
Taxation and social security 455,318 120,612
Other creditors 9,054 5,539
464,372 127,874

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary A Shares 0.01 1 1
100 Ordinary B Shares 0.01 1 1
2 2