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REGISTERED NUMBER: 04474717 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

SATURN DISTRIBUTION SERVICES LIMITED

SATURN DISTRIBUTION SERVICES LIMITED (REGISTERED NUMBER: 04474717)

Contents of the Financial Statements
for the Year Ended 31st March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SATURN DISTRIBUTION SERVICES LIMITED

Company Information
for the Year Ended 31st March 2024







DIRECTORS: Mr P G Barrand
Mr S P Barrand
Ms K McPherson





REGISTERED OFFICE: Unit 1 Shaw Cross Court
Shaw Cross Business Park
Dewsbury
West Yorkshire
WF12 7RF





REGISTERED NUMBER: 04474717 (England and Wales)





ACCOUNTANTS: Harrison Blakeley Accountancy Limited
21 Church Street
Horbury
Wakefield
West Yorkshire
WF4 6LT

SATURN DISTRIBUTION SERVICES LIMITED (REGISTERED NUMBER: 04474717)

Balance Sheet
31st March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 86,025 72,950
86,025 72,950

CURRENT ASSETS
Debtors 6 150,843 215,778
Cash at bank and in hand 1,248,003 1,313,363
1,398,846 1,529,141
CREDITORS
Amounts falling due within one year 7 119,813 189,434
NET CURRENT ASSETS 1,279,033 1,339,707
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,365,058

1,412,657

PROVISIONS FOR LIABILITIES 16,345 13,861
NET ASSETS 1,348,713 1,398,796

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,348,613 1,398,696
SHAREHOLDERS' FUNDS 1,348,713 1,398,796

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

SATURN DISTRIBUTION SERVICES LIMITED (REGISTERED NUMBER: 04474717)

Balance Sheet - continued
31st March 2024


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 Board of Directors and authorised for issue on 9th May 2024 and were signed on its behalf by:




Mr S P Barrand - Director



Ms K McPherson - Director


SATURN DISTRIBUTION SERVICES LIMITED (REGISTERED NUMBER: 04474717)

Notes to the Financial Statements
for the Year Ended 31st March 2024


1. STATUTORY INFORMATION

Saturn Distribution Services 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, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 15% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

SATURN DISTRIBUTION SERVICES LIMITED (REGISTERED NUMBER: 04474717)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


2. ACCOUNTING POLICIES - continued

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 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 9,000
AMORTISATION
At 1st April 2023
and 31st March 2024 9,000
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023 181,767
Additions 67,249
Disposals (72,915 )
At 31st March 2024 176,101
DEPRECIATION
At 1st April 2023 108,817
Charge for year 28,411
Eliminated on disposal (47,152 )
At 31st March 2024 90,076
NET BOOK VALUE
At 31st March 2024 86,025
At 31st March 2023 72,950

SATURN DISTRIBUTION SERVICES LIMITED (REGISTERED NUMBER: 04474717)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 125,709 191,395
Other debtors 25,134 24,383
150,843 215,778

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade creditors 28,750 50,454
Taxation and social security 19,953 66,988
Other creditors 71,110 71,992
119,813 189,434

8. OTHER FINANCIAL COMMITMENTS

The Company is committed to pay rent and service charges to June 2027 totalling £66,469 (2023: £86,595).

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £80,000 (2023 - £81,000) were paid to the directors .

Included in Creditors at the Balance Sheet date there are Directors Loan account balances for Mr SP Barrand and Ms K McPherson of £34,396 and £34,396 respectively (2023: £34,896 and £34,896).