1 April 2023 false No description of principal activity Taxfiler 2024.5 10986875business:PrivateLimitedCompanyLtd2023-04-012024-03-31 109868752023-03-31 109868752023-04-012024-03-31 10986875business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 10986875business:AbridgedAccounts2023-04-012024-03-31 109868752024-03-31 10986875business:Director12023-04-012024-03-31 10986875business:Director22023-04-012024-03-31 10986875business:RegisteredOffice2023-04-012024-03-31 109868752023-03-31 10986875core:WithinOneYear2024-03-31 10986875core:WithinOneYear2023-03-31 10986875core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 10986875core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 10986875core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 10986875core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 10986875core:PreviouslyStatedAmount2024-03-31 10986875core:PreviouslyStatedAmount2023-03-31 10986875business:SmallEntities2023-04-012024-03-31 10986875countries:EnglandWales2023-04-012024-03-31 10986875core:MotorVehicles2023-04-012024-03-31 10986875core:FurnitureFittings2023-04-012024-03-31 10986875core:ComputerEquipment2023-04-012024-03-31 109868752022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 10986875 (England and Wales)
SATIO ASSOCIATES LTD Unaudited accounts for the year ended 31 March 2024
SATIO ASSOCIATES LTD Company Information for the year ended 31 March 2024
Directors
James Cook Julie Ann Cook
Company Number
10986875 (England and Wales)
Registered Office
UNIT 17 MARBURY HOUSE FARM BENTLEYS FARM HIGHER WHITLEY WARRINGTON WA4 4QW ENGLAND
- 2 -
SATIO ASSOCIATES LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,542 
5,801 
Current assets
Debtors
51,751 
83,165 
Cash at bank and in hand
419 
3,884 
52,170 
87,049 
Creditors: amounts falling due within one year
(53,465)
(63,709)
Net current (liabilities)/assets
(1,295)
23,340 
Net assets
247 
29,141 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
147 
29,041 
Shareholders' funds
247 
29,141 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by
Julie Ann Cook Director Company Registration No. 10986875
- 3 -
SATIO ASSOCIATES LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
SATIO ASSOCIATES LTD is a private company, limited by shares, registered in England and Wales, registration number 10986875. The registered office is UNIT 17 MARBURY HOUSE FARM BENTLEYS FARM, HIGHER WHITLEY, WARRINGTON, WA4 4QW, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
33% reducing balance
Fixtures & fittings
25% straight line
Computer equipment
33% straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
- 4 -
SATIO ASSOCIATES LTD Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2023
19,957 
Additions
817 
Disposals
(13,500)
At 31 March 2024
7,274 
Depreciation
At 1 April 2023
14,156 
Charge for the year
2,244 
On disposals
(10,668)
At 31 March 2024
5,732 
Net book value
At 31 March 2024
1,542 
At 31 March 2023
5,801 
5
Loans to directors
Included in debtors is an overdrawn director's loan amount of £13,668. This was repaid within 9 months of the year end.
6
Transactions with related parties
Included in debtors is an amount of £34,769 due from Eco Green Living Ltd (2023 - £80,634). Mr and Mrs Cook are 100% shareholders of this company.
7
Average number of employees
During the year the average number of employees was 3 (2023: 1).
- 5 -