Registered number
12173155
Saprow Limited
Filleted Accounts
31 March 2024
Saprow Limited
Registered number: 12173155
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,639,584 1,332,680
Current assets
Debtors 4 3,180 3,180
Cash at bank and in hand 39,189 402,714
42,369 405,894
Creditors: amounts falling due within one year 5 (1,848,879) (1,848,879)
Net current liabilities (1,806,510) (1,442,985)
Net liabilities (166,926) (110,305)
Capital and reserves
Profit and loss account (166,926) (110,305)
Shareholder's funds (166,926) (110,305)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Benjamin Cronin
Director
Approved by the board on 20 August 2024
Saprow Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 1,394,780 19,444 49,490 1,463,714
Additions 355,700 - - 355,700
At 31 March 2024 1,750,480 19,444 49,490 1,819,414
Depreciation
At 1 April 2023 85,784 15,556 29,694 131,034
Charge for the year 35,010 3,888 9,898 48,796
At 31 March 2024 120,794 19,444 39,592 179,830
Net book value
At 31 March 2024 1,629,686 - 9,898 1,639,584
At 31 March 2023 1,308,996 3,888 19,796 1,332,680
4 Debtors 2024 2023
£ £
Other debtors 3,180 3,180
5 Creditors: amounts falling due within one year 2024 2023
£ £
Director Current Account 1,848,879 1,848,879
6 Other information
Saprow Limited is a private company limited by shares and incorporated in England. Its registered office is:
32 Gordondale Road
London
SW19 8EN
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