IRIS Accounts Production v23.3.1.45 03942716 director 1.4.21 31.3.22 31.3.22 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh039427162021-03-31039427162022-03-31039427162021-04-012022-03-31039427162020-03-31039427162020-04-012021-03-31039427162021-03-3103942716ns10:Originalns15:EnglandWales2021-04-012022-03-3103942716ns14:PoundSterlingns10:Original2021-04-012022-03-3103942716ns10:Originalns10:Director12021-04-012022-03-3103942716ns10:Original2021-04-012022-03-3103942716ns10:Original2022-03-3103942716ns10:Originalns10:PrivateLimitedCompanyLtd2021-04-012022-03-3103942716ns10:Originalns10:SmallEntities2021-04-012022-03-3103942716ns10:Originalns10:AuditExempt-NoAccountantsReport2021-04-012022-03-3103942716ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2021-04-012022-03-3103942716ns10:SmallCompaniesRegimeForAccountsns10:Original2021-04-012022-03-3103942716ns10:Originalns10:FullAccounts2021-04-012022-03-3103942716ns10:Originalns10:RegisteredOffice2021-04-012022-03-3103942716ns10:Original2021-03-3103942716ns10:Originalns5:CurrentFinancialInstruments2022-03-3103942716ns10:Originalns5:CurrentFinancialInstruments2021-03-3103942716ns10:Originalns5:Non-currentFinancialInstruments2022-03-3103942716ns10:Originalns5:Non-currentFinancialInstruments2021-03-3103942716ns5:ShareCapitalns10:Original2022-03-3103942716ns5:ShareCapitalns10:Original2021-03-3103942716ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2022-03-3103942716ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2021-03-3103942716ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3103942716ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-03-3103942716ns10:Originalns5:LandBuildings2021-04-012022-03-3103942716ns10:Originalns5:PlantMachinery2021-04-012022-03-3103942716ns10:Original2020-04-012021-03-3103942716ns10:Originalns5:LandBuildings2021-03-3103942716ns10:Originalns5:PlantMachinery2021-03-3103942716ns10:Original2021-03-3103942716ns10:Originalns5:LandBuildings2022-03-3103942716ns10:Originalns5:PlantMachinery2022-03-3103942716ns10:Originalns5:LandBuildings2021-03-3103942716ns10:Originalns5:PlantMachinery2021-03-3103942716ns10:Originalns5:CostValuation2021-03-3103942716ns10:Originalns5:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-03-3103942716ns10:Originalns5:CostValuation2022-03-3103942716ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3103942716ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2021-03-3103942716ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3103942716ns10:Originalns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2021-03-3103942716ns5:BetweenOneFiveYearsns10:Originalns5:HirePurchaseContracts2022-03-3103942716ns5:BetweenOneFiveYearsns10:Originalns5:HirePurchaseContracts2021-03-3103942716ns10:Originalns5:HirePurchaseContracts2022-03-3103942716ns10:Originalns5:HirePurchaseContracts2021-03-3103942716ns10:Originalns5:WithinOneYear2022-03-3103942716ns10:Originalns5:WithinOneYear2021-03-3103942716ns5:Securedns10:Original2022-03-3103942716ns5:Securedns10:Original2021-03-3103942716ns10:Originalns5:FurtherSpecificReserve3ComponentTotalEquity2021-03-31
REGISTERED NUMBER: 03942716 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

SARA-INT LIMITED

SARA-INT LIMITED (REGISTERED NUMBER: 03942716)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


SARA-INT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTOR: Mr W W Witkowski





REGISTERED OFFICE: 5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX





REGISTERED NUMBER: 03942716 (England and Wales)





ACCOUNTANTS: David Simon Limited
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

SARA-INT LIMITED (REGISTERED NUMBER: 03942716)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,157,651 1,201,065
Investments 5 100 200
1,157,751 1,201,265

CURRENT ASSETS
Stocks 36,000 60,504
Debtors 6 34,807 28,857
Cash at bank 152 7
70,959 89,368
CREDITORS
Amounts falling due within one year 7 701,521 638,740
NET CURRENT LIABILITIES (630,562 ) (549,372 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

527,189

651,893

CREDITORS
Amounts falling due after more than one
year

8

(550,142

)

(577,616

)

PROVISIONS FOR LIABILITIES (117,819 ) (117,819 )
NET LIABILITIES (140,772 ) (43,542 )

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserves 11 326,036 326,036
Retained earnings (466,908 ) (369,678 )
SHAREHOLDERS' FUNDS (140,772 ) (43,542 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SARA-INT LIMITED (REGISTERED NUMBER: 03942716)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 November 2023 and were signed by:





Mr W W Witkowski - Director


SARA-INT LIMITED (REGISTERED NUMBER: 03942716)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

Sara-Int 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Grants receivable
Business grants are credited to profit and loss account on an accruals basis where it is probable that they will be received.

SARA-INT LIMITED (REGISTERED NUMBER: 03942716)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

2. ACCOUNTING POLICIES - continued

Government assisted loans
Loans received through the Bounce Back Loan Scheme (BBLS) or the Coronavirus Business Interruption Loan Scheme (CBILS) are accounted for on the date the funds are received by the company. The first twelve months of the interest charge, which is funded by the government, is recognised in the profit and loss account as both an interest charge and as a government grant receivable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2021 - 13 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2021 1,100,000 1,266,705 2,366,705
Additions - 4,928 4,928
At 31 March 2022 1,100,000 1,271,633 2,371,633
DEPRECIATION
At 1 April 2021 48,000 1,117,640 1,165,640
Charge for year 8,000 40,342 48,342
At 31 March 2022 56,000 1,157,982 1,213,982
NET BOOK VALUE
At 31 March 2022 1,044,000 113,651 1,157,651
At 31 March 2021 1,052,000 149,065 1,201,065

Cost or valuation at 31 March 2022 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2018 1,100,000 1,258,344 2,358,344
Valuation in 2019 - 9,022 9,022
Valuation in 2020 - (17,966 ) (17,966 )
Valuation in 2021 - 17,305 17,305
Valuation in 2022 - 4,928 4,928
1,100,000 1,271,633 2,371,633

The freehold property was valued by the director.

SARA-INT LIMITED (REGISTERED NUMBER: 03942716)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2021 200
Impairments (100 )
At 31 March 2022 100
NET BOOK VALUE
At 31 March 2022 100
At 31 March 2021 200

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 22,626 (3,309 )
Other debtors 12,181 32,166
34,807 28,857

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 42,823 91,538
Hire purchase contracts (see note 9) 19,446 18,133
Trade creditors 234,705 196,540
Taxation and social security 115,924 113,730
Other creditors 288,623 218,799
701,521 638,740

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 514,244 484,363
Hire purchase contracts (see note 9) 20,513 38,552
Other creditors 15,385 54,701
550,142 577,616

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 336,566 298,774

SARA-INT LIMITED (REGISTERED NUMBER: 03942716)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2022 2021
£    £   
Net obligations repayable:
Within one year 19,446 18,133
Between one and five years 20,513 38,552
39,959 56,685

Non-cancellable operating leases
2022 2021
£    £   
Within one year 11,300 12,400

10. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Bank loans 557,051 526,226

One of the banks has a fixed and floating charge over the assets of the company and contains a negative pledge..

11. RESERVES
Non-distribu
reserves
£   
At 1 April 2021
and 31 March 2022 326,036

12. RELATED PARTY DISCLOSURES

Included in debtors is an amount of £2,000 (2021: £8,611) due from companies in which the director has an interest.

Included in creditors is an amount of £104,333 (2021: £65,997) due to companies in which the director has an interest.