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Company Registration No. 07309973 (England and Wales)
Saffron (Medway) Limited Unaudited accounts for the year ended 30 June 2023
Saffron (Medway) Limited Unaudited accounts Contents
Page
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Saffron (Medway) Limited Company Information for the year ended 30 June 2023
Director
Mrs Toni Singh
Company Number
07309973 (England and Wales)
Registered Office
19 Bank Street Ashford Kent TN23 1DG United Kingdom
Accountants
Harrison Bernstein Ltd 10 Harmer Street Gravesend Kent DA12 2AX
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Saffron (Medway) Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
277,789 
208,316 
Current assets
Inventories
13,700 
9,575 
Debtors
14,896 
24,797 
Cash at bank and in hand
55,988 
106,983 
84,584 
141,355 
Creditors: amounts falling due within one year
(147,844)
(106,944)
Net current (liabilities)/assets
(63,260)
34,411 
Total assets less current liabilities
214,529 
242,727 
Creditors: amounts falling due after more than one year
(49,560)
(77,992)
Net assets
164,969 
164,735 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
164,968 
164,734 
Shareholders' funds
164,969 
164,735 
For the year ending 30 June 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 her 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 22 March 2023 and were signed on its behalf by
Mrs Toni Singh Director Company Registration No. 07309973
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Saffron (Medway) Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Saffron (Medway) Limited is a private company, limited by shares, registered in England and Wales, registration number 07309973. The registered office is 19 Bank Street, Ashford , Kent, TN23 1DG, 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.
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
10% on Reducing Balance
Fixtures & fittings
5% on Reducing Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2022
24,069 
At 30 June 2023
24,069 
Amortisation
At 1 July 2022
24,069 
At 30 June 2023
24,069 
Net book value
At 30 June 2023
- 
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Saffron (Medway) Limited Notes to the Accounts for the year ended 30 June 2023
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2022
11,899 
196,561 
109,251 
317,711 
Additions
- 
- 
80,863 
80,863 
At 30 June 2023
11,899 
196,561 
190,114 
398,574 
Depreciation
At 1 July 2022
- 
88,123 
21,272 
109,395 
Charge for the year
- 
5,489 
5,901 
11,390 
At 30 June 2023
- 
93,612 
27,173 
120,785 
Net book value
At 30 June 2023
11,899 
102,949 
162,941 
277,789 
At 30 June 2022
11,899 
108,438 
87,979 
208,316 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Amounts due from group undertakings etc.
13,958 
22,458 
Accrued income and prepayments
938 
2,339 
14,896 
24,797 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
20,933 
13,434 
VAT
8,919 
4,447 
Trade creditors
17,121 
13,760 
Taxes and social security
1,426 
3,730 
Loans from directors
99,445 
71,573 
147,844 
106,944 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
49,560 
77,992 
9
Transactions with related parties
Saffron Developments (Medway) Ltd [Amount due from the related party]: 13958
10
Average number of employees
During the year the average number of employees was 8 (2022: 13).
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