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REGISTERED NUMBER: 08421922 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Sarissa Precision Limited

Sarissa Precision Limited (Registered number: 08421922)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sarissa Precision Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S R Cumming
Mrs P Cumming
A Hill
A A S Hagues





REGISTERED OFFICE: Unit 6, Cromford Road
Langley Mill Industrial Estate
Nottingham
Nottinghamshire
NG16 4FL





REGISTERED NUMBER: 08421922 (England and Wales)





ACCOUNTANTS: SP Accountancy Ltd
Lanes End
Ashover Road
Littlemoor
Chesterfield
Derbyshire
S45 0BL

Sarissa Precision Limited (Registered number: 08421922)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,600 6,700
Tangible assets 5 69,067 67,859
74,667 74,559

CURRENT ASSETS
Stocks 15,431 5,300
Debtors 6 84,631 92,997
Cash at bank 29,921 6,823
129,983 105,120
CREDITORS
Amounts falling due within one year 7 137,864 98,562
NET CURRENT (LIABILITIES)/ASSETS (7,881 ) 6,558
TOTAL ASSETS LESS CURRENT
LIABILITIES

66,786

81,117

CREDITORS
Amounts falling due after more than
one year

8

(13,156

)

(25,394

)

PROVISIONS FOR LIABILITIES (17,267 ) (12,893 )
NET ASSETS 36,363 42,830

Sarissa Precision Limited (Registered number: 08421922)

Balance Sheet - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 36,263 42,730
SHAREHOLDERS' FUNDS 36,363 42,830

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

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

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 2 September 2024 and were signed on its behalf by:





A Hill - Director


Sarissa Precision Limited (Registered number: 08421922)

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

1. STATUTORY INFORMATION

Sarissa Precision 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 2020, is being amortised evenly over its estimated useful life of ten 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 - straight line over 3 years, 25% on reducing balance and 15% on reducing balance

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.


Sarissa Precision Limited (Registered number: 08421922)

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

2. ACCOUNTING POLICIES - continued
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.

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 13 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 35,000
AMORTISATION
At 1 April 2023 28,300
Charge for year 1,100
At 31 March 2024 29,400
NET BOOK VALUE
At 31 March 2024 5,600
At 31 March 2023 6,700

Sarissa Precision Limited (Registered number: 08421922)

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

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 198,530
Additions 24,835
Disposals (12,187 )
At 31 March 2024 211,178
DEPRECIATION
At 1 April 2023 130,671
Charge for year 23,627
Eliminated on disposal (12,187 )
At 31 March 2024 142,111
NET BOOK VALUE
At 31 March 2024 69,067
At 31 March 2023 67,859

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 55,510 63,278
Other debtors 29,121 29,719
84,631 92,997

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 2,238 2,238
Trade creditors 51,663 30,284
Taxation and social security 31,491 25,653
Other creditors 42,472 30,387
137,864 98,562

Sarissa Precision Limited (Registered number: 08421922)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 11,667 21,667
Hire purchase contracts 1,489 3,727
13,156 25,394