IRIS Accounts Production v24.1.0.578 07858608 director 1.12.22 30.11.23 30.11.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh078586082022-11-30078586082023-11-30078586082022-12-012023-11-30078586082021-11-30078586082021-12-012022-11-30078586082022-11-3007858608ns15:EnglandWales2022-12-012023-11-3007858608ns14:PoundSterling2022-12-012023-11-3007858608ns10:Director12022-12-012023-11-3007858608ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3007858608ns10:SmallEntities2022-12-012023-11-3007858608ns10:AuditExemptWithAccountantsReport2022-12-012023-11-3007858608ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3007858608ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3007858608ns10:AbridgedAccounts2022-12-012023-11-300785860812022-12-012023-11-3007858608ns10:RegisteredOffice2022-12-012023-11-3007858608ns5:CurrentFinancialInstruments2023-11-3007858608ns5:CurrentFinancialInstruments2022-11-3007858608ns5:ShareCapital2023-11-3007858608ns5:ShareCapital2022-11-3007858608ns5:RetainedEarningsAccumulatedLosses2023-11-3007858608ns5:RetainedEarningsAccumulatedLosses2022-11-3007858608ns5:NetGoodwill2022-12-012023-11-3007858608ns5:IntangibleAssetsOtherThanGoodwill2022-12-012023-11-3007858608ns5:FurnitureFittings2022-12-012023-11-30078586081ns10:Director12022-11-30078586081ns10:Director12021-11-30078586081ns10:Director12022-12-012023-11-30078586081ns10:Director12021-12-012022-11-30078586081ns10:Director12023-11-30078586081ns10:Director12022-11-30
REGISTERED NUMBER: 07858608 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 November 2023

for

SAKS YARM LIMITED

SAKS YARM LIMITED (REGISTERED NUMBER: 07858608)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

SAKS YARM LIMITED

Company Information
for the Year Ended 30 November 2023







Director: M J Myers-Lewis





Registered office: 54 Linden Avenue
Darlington
Co. Durham
DL3 8PP





Registered number: 07858608 (England and Wales)





Accountants: Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH

SAKS YARM LIMITED (REGISTERED NUMBER: 07858608)

Abridged Balance Sheet
30 November 2023

30/11/23 30/11/22
Notes £    £    £    £   
Fixed assets
Intangible assets 4 3,000 18,000
Tangible assets 5 7,652 9,295
10,652 27,295

Current assets
Stocks 9,375 9,150
Debtors 3,329 48,908
Cash at bank and in hand 106,401 59,314
119,105 117,372
Creditors
Amounts falling due within one year 71,420 94,318
Net current assets 47,685 23,054
Total assets less current liabilities 58,337 50,349

Provisions for liabilities 2,028 2,201
Net assets 56,309 48,148

Capital and reserves
Called up share capital 100 100
Retained earnings 56,209 48,048
56,309 48,148

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

SAKS YARM LIMITED (REGISTERED NUMBER: 07858608)

Abridged Balance Sheet - continued
30 November 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 26 July 2024 and were signed by:





M J Myers-Lewis - Director


SAKS YARM LIMITED (REGISTERED NUMBER: 07858608)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Saks Yarm 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.

The financial statements have been prepared under the going concern basis of accounting.

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 2011, is being amortised evenly over its estimated useful life of thirteen 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.
Fixtures and fittings - 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 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.

SAKS YARM LIMITED (REGISTERED NUMBER: 07858608)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022
and 30 November 2023 150,000
AMORTISATION
At 1 December 2022 132,000
Amortisation for year 15,000
At 30 November 2023 147,000
NET BOOK VALUE

At 30 November 2023 3,000
At 30 November 2022 18,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 December 2022 53,319
Additions 790
At 30 November 2023 54,109
DEPRECIATION
At 1 December 2022 44,024
Charge for year 2,433
At 30 November 2023 46,457
NET BOOK VALUE
At 30 November 2023 7,652
At 30 November 2022 9,295

SAKS YARM LIMITED (REGISTERED NUMBER: 07858608)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30/11/23 30/11/22
£    £   
M J Myers-Lewis
Balance outstanding at start of year 45,765 -
Amounts advanced 26,867 66,489
Amounts repaid (72,632 ) (20,724 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 45,765

The above balance is subject to 2% interest and repayable on demand.

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Saks Yarm Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Saks Yarm Limited for the year ended 30 November 2023 which comprise the Abridged Income Statement, Abridged 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Saks Yarm Limited in accordance with the terms of our engagement letter dated 28 February 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Saks Yarm Limited and state those matters that we have agreed to state to the director of Saks Yarm Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Saks Yarm 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 Saks Yarm Limited. You consider that Saks Yarm Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Saks Yarm 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.






Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH


26 July 2024