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REGISTERED NUMBER: 09925528 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2023

FOR

SARAMANDA 1 LIMITED

SARAMANDA 1 LIMITED (REGISTERED NUMBER: 09925528)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SARAMANDA 1 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 DECEMBER 2023







DIRECTORS: Ms A L Humphrey
Mr J Humphrey





SECRETARY: Gibson Whitter Secretaries Limited





REGISTERED OFFICE: Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP





REGISTERED NUMBER: 09925528 (England and Wales)





ACCOUNTANTS: Gibson Whitter
Chartered Accountants
and Chartered Tax Advisers
Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP

SARAMANDA 1 LIMITED (REGISTERED NUMBER: 09925528)

BALANCE SHEET
30 DECEMBER 2023

30.12.23 30.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,517 50,680

CURRENT ASSETS
Stocks 22,000 18,000
Debtors 5 4,978 3,600
Cash at bank and in hand 2,834 9,068
29,812 30,668
CREDITORS
Amounts falling due within one year 6 113,561 126,377
NET CURRENT LIABILITIES (83,749 ) (95,709 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(50,232

)

(45,029

)

CREDITORS
Amounts falling due after more than one
year

7

26,204

42,049
NET LIABILITIES (76,436 ) (87,078 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (76,536 ) (87,178 )
SHAREHOLDERS' FUNDS (76,436 ) (87,078 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2023 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.

SARAMANDA 1 LIMITED (REGISTERED NUMBER: 09925528)

BALANCE SHEET - continued
30 DECEMBER 2023


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 and authorised for issue by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





Ms A L Humphrey - Director


SARAMANDA 1 LIMITED (REGISTERED NUMBER: 09925528)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023

1. STATUTORY INFORMATION

Saramanda 1 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.

At the balance sheet date the company had net current liabilities and net liabilities. This is due to amounts owed to the directors. The directors have agreed not to seek repayment of the amounts owed to them unless the company has sufficient funds to do so. On this basis the directors have prepared these financial statements on the going concern basis.

Turnover
Turnover represents salon sales net of VAT.

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 - 33% on cost, 20% on cost and 10% 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.

Stocks are valued on a first in first out basis.

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.

SARAMANDA 1 LIMITED (REGISTERED NUMBER: 09925528)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2023

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 5 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 December 2022
and 30 December 2023 129,300
DEPRECIATION
At 31 December 2022 78,620
Charge for year 17,163
At 30 December 2023 95,783
NET BOOK VALUE
At 30 December 2023 33,517
At 30 December 2022 50,680

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.23 30.12.22
£    £   
Trade debtors 201 1,377
Other debtors 4,777 2,223
4,978 3,600

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.23 30.12.22
£    £   
Bank loans and overdrafts 5,088 4,951
Hire purchase contracts (see note 8) 10,250 10,250
Trade creditors 5,378 5,295
Taxation and social security 20,977 19,116
Other creditors 71,868 86,765
113,561 126,377

SARAMANDA 1 LIMITED (REGISTERED NUMBER: 09925528)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.12.23 30.12.22
£    £   
Bank loans 7,412 13,007
Hire purchase contracts (see note 8) 18,792 29,042
26,204 42,049

Bank loans represents a Covid-19 Bounceback loan.

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
30.12.23 30.12.22
£    £   
Net obligations repayable:
Within one year 10,250 10,250
Between one and five years 18,792 29,042
29,042 39,292

Non-cancellable operating leases
30.12.23 30.12.22
£    £   
Within one year 25,000 25,000
Between one and five years 25,000 50,000
50,000 75,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.12.23 30.12.22
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

The aggregate amount owed to the directors at the balance sheet date is £70,054 (30.12.22: £86,645).