Company Registration No. 06918931 (England and Wales)
SAEKER SYSTEMS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
SAEKER SYSTEMS LIMITED
COMPANY INFORMATION
Directors
Mrs S Biles
Mr J Biles
Secretary
Mrs S Biles
Company number
06918931
Registered office
Open Space Business Centre
Chequers Close
Enigma Park
Malvern
Worcestershire
WR14 1GP
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
HSBC Bank Plc
6 Broad Street
Worcester
Worcestershire
WR1 2EJ
SAEKER SYSTEMS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
SAEKER SYSTEMS LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF SAEKER SYSTEMS LIMITED FOR THE PERIOD ENDED 31 DECEMBER 2023
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Saeker Systems Limited for the period ended 31 December 2023 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Saeker Systems Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Saeker Systems Limited and state those matters that we have agreed to state to the Board of Directors of Saeker Systems Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Saeker Systems Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that Saeker Systems Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Saeker Systems Limited. You consider that Saeker Systems Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Saeker Systems Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ormerod Rutter Limited
26 March 2024
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
SAEKER SYSTEMS LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2023
31 December 2023
- 2 -
2023
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
-
0
97
Current assets
Debtors
4
1,774
99,219
Cash at bank and in hand
18,809
43,425
20,583
142,644
Creditors: amounts falling due within one year
5
(20,429)
(142,156)
Net current assets
154
488
Total assets less current liabilities
154
585
Provisions for liabilities
6
-
0
(18)
Net assets
154
567
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
54
467
Total equity
154
567

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

SAEKER SYSTEMS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023
31 December 2023
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 26 March 2024 and are signed on its behalf by:
Mr J Biles
Director
Company Registration No. 06918931
SAEKER SYSTEMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023
- 4 -
1
Accounting policies
Company information

Saeker Systems Limited is a private company limited by shares incorporated in England and Wales. The registered office is Open Space Business Centre, Chequers Close, Enigma Park, Malvern, Worcestershire, WR14 1GP.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.

Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and machinery
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

SAEKER SYSTEMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was 2 (2023 - 2).

3
Tangible fixed assets
Plant and machinery
£
Cost
At 1 April 2023
1,380
Disposals
(1,380)
At 31 December 2023
-
0
Depreciation and impairment
At 1 April 2023
1,283
Depreciation charged in the period
19
Eliminated in respect of disposals
(1,302)
At 31 December 2023
-
0
Carrying amount
At 31 December 2023
-
0
At 31 March 2023
97
SAEKER SYSTEMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
- 6 -
4
Debtors
2023
2023
Amounts falling due within one year:
£
£
Trade debtors
-
0
35,308
Amounts owed by group undertakings
-
0
63,911
Other debtors
1,774
-
0
1,774
99,219
5
Creditors: amounts falling due within one year
2023
2023
£
£
Trade creditors
-
0
28,161
Amounts owed to group undertakings
18,456
-
0
Taxation and social security
874
23,111
Other creditors
1,099
90,884
20,429
142,156
6
Provisions for liabilities
2023
2023
£
£
Deferred tax liabilities
-
0
18
7
Called up share capital
2023
2023
£
£
Ordinary share capital
Issued and fully paid
100 Ordinary of £1 each
100
100
100
100
8
Related party transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

SAEKER SYSTEMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2023
- 7 -
9
Control

Ultimate parent company

The ultimate parent company is Saeker Holdings Limited, a company registered in England and Wales.

Ultimate controlling party

The ultimate controlling party is Mr J Biles and Mrs S Biles, by virtue of their controlling interest in the ultimate parent company.

2023-12-312023-04-01false26 March 2024CCH SoftwareCCH Accounts Production 2023.300No description of principal activityMr J BilesMr J BilesMrs S Bilesfalse069189312023-04-012023-12-3106918931bus:CompanySecretaryDirector12023-04-012023-12-3106918931bus:Director12023-04-012023-12-3106918931bus:CompanySecretary12023-04-012023-12-3106918931bus:Director22023-04-012023-12-3106918931bus:RegisteredOffice2023-04-012023-12-3106918931bus:Agent12023-04-012023-12-31069189312023-12-31069189312023-03-3106918931core:PlantMachinery2023-12-3106918931core:PlantMachinery2023-03-3106918931core:CurrentFinancialInstrumentscore:WithinOneYear2023-12-3106918931core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3106918931core:CurrentFinancialInstruments2023-12-3106918931core:CurrentFinancialInstruments2023-03-3106918931core:ShareCapital2023-12-3106918931core:ShareCapital2023-03-3106918931core:RetainedEarningsAccumulatedLosses2023-12-3106918931core:RetainedEarningsAccumulatedLosses2023-03-3106918931core:ShareCapitalOrdinaryShares2023-12-3106918931core:ShareCapitalOrdinaryShares2023-03-3106918931core:PlantMachinery2023-04-012023-12-3106918931core:PlantMachinery2023-03-3106918931bus:OrdinaryShareClass12023-04-012023-12-3106918931bus:OrdinaryShareClass12023-12-3106918931bus:PrivateLimitedCompanyLtd2023-04-012023-12-3106918931bus:SmallCompaniesRegimeForAccounts2023-04-012023-12-3106918931bus:FRS1022023-04-012023-12-3106918931bus:AuditExemptWithAccountantsReport2023-04-012023-12-3106918931bus:FullAccounts2023-04-012023-12-31xbrli:purexbrli:sharesiso4217:GBP