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REGISTERED NUMBER: 11563185 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2022

FOR

SAPHIRE GROUP UK LIMITED

SAPHIRE GROUP UK LIMITED (REGISTERED NUMBER: 11563185)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SAPHIRE GROUP UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2022







DIRECTORS: Mrs K M Collett
Mr S D Rogers





REGISTERED OFFICE: Unit 24 Blackworth Industrial estate
Highworth
Wiltshire
SN6 7NA





REGISTERED NUMBER: 11563185 (England and Wales)





ACCOUNTANTS: Haines Watts Cirencester Limited
Old Station House
Station Approach
Newport Street
Swindon
Wiltshire
SN1 3DU

SAPHIRE GROUP UK LIMITED (REGISTERED NUMBER: 11563185)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2022

30/11/22 30/11/21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 25,200 29,400
Tangible assets 5 17,728 22,783
42,928 52,183

CURRENT ASSETS
Stocks 10,000 21,946
Debtors 6 228,902 242,344
Cash at bank 6,431 1,405
245,333 265,695
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

7

414,723

428,537
NET CURRENT LIABILITIES (169,390 ) (162,842 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(126,462

)

(110,659

)

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

8

28,938

40,020
NET LIABILITIES (155,400 ) (150,679 )

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings (155,410 ) (150,689 )
(155,400 ) (150,679 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 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.

SAPHIRE GROUP UK LIMITED (REGISTERED NUMBER: 11563185)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by:





Mrs K M Collett - Director


SAPHIRE GROUP UK LIMITED (REGISTERED NUMBER: 11563185)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022

1. STATUTORY INFORMATION

Saphire Group UK 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 for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

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 reducing balance and 20% on reducing balance

Stocks & work in progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Costs include all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.

Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. An element of profit is included where the outcome of the project may reasonably be determined.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


SAPHIRE GROUP UK LIMITED (REGISTERED NUMBER: 11563185)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 18 (2021 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2021
and 30 November 2022 42,000
AMORTISATION
At 1 December 2021 12,600
Charge for year 4,200
At 30 November 2022 16,800
NET BOOK VALUE
At 30 November 2022 25,200
At 30 November 2021 29,400

SAPHIRE GROUP UK LIMITED (REGISTERED NUMBER: 11563185)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2021 7,041 6,153 28,480 41,674
Additions 452 42 - 494
At 30 November 2022 7,493 6,195 28,480 42,168
DEPRECIATION
At 1 December 2021 2,784 2,483 13,624 18,891
Charge for year 977 858 3,714 5,549
At 30 November 2022 3,761 3,341 17,338 24,440
NET BOOK VALUE
At 30 November 2022 3,732 2,854 11,142 17,728
At 30 November 2021 4,257 3,670 14,856 22,783

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/22 30/11/21
£    £   
Trade debtors 109,663 119,897
Other debtors 119,239 122,447
228,902 242,344

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/22 30/11/21
£    £   
Bank loans and overdrafts 9,852 9,596
Hire purchase contracts (see note 9) 1,230 4,078
Trade creditors 114,744 231,191
Taxation and social security 174,628 107,523
Other creditors 114,269 76,149
414,723 428,537

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/11/22 30/11/21
£    £   
Bank loans 26,629 36,481
Hire purchase contracts (see note 9) 2,309 3,539
28,938 40,020

SAPHIRE GROUP UK LIMITED (REGISTERED NUMBER: 11563185)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2022

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30/11/22 30/11/21
£    £   
Net obligations repayable:
Within one year 1,230 4,078
Between one and five years 2,309 3,539
3,539 7,617

Non-cancellable operating leases
30/11/22 30/11/21
£    £   
Within one year 4,500 4,500
Between one and five years 18,000 18,000
In more than five years 3,000 7,500
25,500 30,000

10. SECURED DEBTS

The following secured debts are included within creditors:

30/11/22 30/11/21
£    £   
Hire purchase contracts 3,539 7,617

The hire purchase contracts are secured against the assets to which they relate.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2022 and 30 November 2021:

30/11/22 30/11/21
£    £   
Mrs K M Collett
Balance outstanding at start of year 18,015 (16,708 )
Amounts advanced 13,361 50,159
Amounts repaid (19,695 ) (15,436 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,681 18,015