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
Saffron (Medway) Limited
Company Information
for the year ended 30 June 2023
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
Saffron (Medway) Limited
Statement of financial position
as at 30 June 2023
Tangible assets
277,789
208,316
Cash at bank and in hand
55,988
106,983
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
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
Saffron (Medway) Limited
Notes to the Accounts
for the year ended 30 June 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
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
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
At 30 June 2023
11,899
102,949
162,941
277,789
At 30 June 2022
11,899
108,438
87,979
208,316
Amounts falling due within one year
Amounts due from group undertakings etc.
13,958
22,458
Accrued income and prepayments
938
2,339
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
20,933
13,434
Trade creditors
17,121
13,760
Taxes and social security
1,426
3,730
Loans from directors
99,445
71,573
8
Creditors: amounts falling due after more than one year
2023
2022
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).