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REGISTERED NUMBER: 04574008 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

SAGEMASTER COMPONENTS LTD

SAGEMASTER COMPONENTS LTD (REGISTERED NUMBER: 04574008)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SAGEMASTER COMPONENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: G S Shaw
Mrs A Shaw





SECRETARY: G S Shaw





REGISTERED OFFICE: Follers Manor
Seaford Road
Alfriston
East Sussex
BN26 5TT





REGISTERED NUMBER: 04574008 (England and Wales)





ACCOUNTANTS: Numis Limited
1st Floor Pentagon House
Wealden Ind Estate
Farningham Road
Crowborough
East Sussex
TN6 2JR

SAGEMASTER COMPONENTS LTD (REGISTERED NUMBER: 04574008)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 124,324 127,415

CURRENT ASSETS
Debtors 5 3,560,845 3,565,170
Cash at bank 3,122 3,072
3,563,967 3,568,242
CREDITORS
Amounts falling due within one year 6 2,474,622 2,627,877
NET CURRENT ASSETS 1,089,345 940,365
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,213,669

1,067,780

PROVISIONS FOR LIABILITIES 8 47 91
NET ASSETS 1,213,622 1,067,689

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 1,213,522 1,067,589
SHAREHOLDERS' FUNDS 1,213,622 1,067,689

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

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

SAGEMASTER COMPONENTS LTD (REGISTERED NUMBER: 04574008)

BALANCE SHEET - continued
30 JUNE 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2024 and were signed on its behalf by:





G S Shaw - Director


SAGEMASTER COMPONENTS LTD (REGISTERED NUMBER: 04574008)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Sagemaster Components Ltd 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.

Turnover represents fees, charges and interest arising from provision of the company's principle activity, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance, 20% on reducing balance and 10% on cost
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance and 10% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

SAGEMASTER COMPONENTS LTD (REGISTERED NUMBER: 04574008)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 July 2023
and 30 June 2024 130,594 29,401 2,539 4,730 167,264
DEPRECIATION
At 1 July 2023 5,224 27,987 2,500 4,138 39,849
Charge for year 2,612 353 8 118 3,091
At 30 June 2024 7,836 28,340 2,508 4,256 42,940
NET BOOK VALUE
At 30 June 2024 122,758 1,061 31 474 124,324
At 30 June 2023 125,370 1,414 39 592 127,415

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors 3,560,845 3,565,170

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Taxation and social security 40,251 31,605
Other creditors 2,434,371 2,596,272
2,474,622 2,627,877

7. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Directors' loans 2,431,251 2,593,751

Charge held for all monies due or to become due from the company to the chargee on any account whatsoever.

8. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax
Accelerated capital allowances 47 91

SAGEMASTER COMPONENTS LTD (REGISTERED NUMBER: 04574008)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2023 91
Accelerated capital allowances (44 )
Balance at 30 June 2024 47

9. RESERVES
Retained
earnings
£   

At 1 July 2023 1,067,589
Profit for the year 145,933
At 30 June 2024 1,213,522

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
G S Shaw and Mrs A Shaw
Balance outstanding at start of year (2,593,751 ) (2,731,251 )
Amounts repaid 162,500 137,500
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,431,251 ) (2,593,751 )

Directors loans represents sums loaned to the company. These loans are secured by a fixed and floating charge against assets including all money due or to become due when and whatsoever.

11. RELATED PARTY DISCLOSURES

Sagemaster Components Ltd has loaned funds totalling £3,356,832 (2023: £3,569,169) to Regalpoint Properties Sevenoaks Ltd and Regalpoint Properties Seal Ltd and Regalpoint Properties Edenbridge Ltd. All of these being companies owned and controlled by Mr & Mrs Shaw. The loans bear interest and are repayable on demand.






12. ULTIMATE CONTROLLING PARTY

The controlling party is G S Shaw.