Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3199falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-01No description of principal activityfalsetrue 01314198 2023-01-01 2023-12-31 01314198 2022-01-01 2022-12-31 01314198 2023-12-31 01314198 2022-12-31 01314198 c:Director1 2023-01-01 2023-12-31 01314198 c:RegisteredOffice 2023-01-01 2023-12-31 01314198 c:Agent1 2023-01-01 2023-12-31 01314198 d:OfficeEquipment 2023-01-01 2023-12-31 01314198 d:OfficeEquipment 2023-12-31 01314198 d:OfficeEquipment 2022-12-31 01314198 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01314198 d:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 01314198 d:OtherPropertyPlantEquipment 2023-12-31 01314198 d:OtherPropertyPlantEquipment 2022-12-31 01314198 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01314198 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 01314198 d:CurrentFinancialInstruments 2023-12-31 01314198 d:CurrentFinancialInstruments 2022-12-31 01314198 d:Non-currentFinancialInstruments 2023-12-31 01314198 d:Non-currentFinancialInstruments 2022-12-31 01314198 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 01314198 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 01314198 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 01314198 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 01314198 d:ShareCapital 2023-12-31 01314198 d:ShareCapital 2022-12-31 01314198 d:RetainedEarningsAccumulatedLosses 2023-12-31 01314198 d:RetainedEarningsAccumulatedLosses 2022-12-31 01314198 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-12-31 01314198 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2022-12-31 01314198 c:FRS102 2023-01-01 2023-12-31 01314198 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 01314198 c:FullAccounts 2023-01-01 2023-12-31 01314198 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 01314198







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


SABRE COMPUTERS INTERNATIONAL LIMITED






































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SABRE COMPUTERS INTERNATIONAL LIMITED
 


 
COMPANY INFORMATION


Director
M Pavia 




Registered number
01314198



Registered office
The Old Naafi, The Village
Caterham Barracks

Caterham

Surrey

CR3 5QX




Accountants
Menzies LLP
Chartered Accountants

Ashcombe House

5 The Crescent

Leatherhead

Surrey

KT22 8DY




Bankers
Lloyds Bank Plc
21 Station Avenue

Caterham

CR3 6YT





 


SABRE COMPUTERS INTERNATIONAL LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 8


 


SABRE COMPUTERS INTERNATIONAL LIMITED
REGISTERED NUMBER:01314198



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
12,122
6,212

Investments
 5 
100
100

  
12,222
6,312

Current assets
  

Stocks
  
515,487
367,219

Debtors: amounts falling due within one year
 6 
235,616
288,284

Cash at bank and in hand
  
702
30,246

  
751,805
685,749

Creditors: amounts falling due within one year
 7 
(474,540)
(720,353)

Net current assets/(liabilities)
  
 
 
277,265
 
 
(34,604)

Total assets less current liabilities
  
289,487
(28,292)

Creditors: amounts falling due after more than one year
 8 
(500,000)
(125,000)

Provisions for liabilities
  

Deferred tax
  
(1,808)
(3,980)

Other provisions
 9 
(58,000)
(58,000)

  
 
 
(59,808)
 
 
(61,980)

Net liabilities
  
(270,321)
(215,272)

Page 1

 


SABRE COMPUTERS INTERNATIONAL LIMITED
REGISTERED NUMBER:01314198


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

2023
2022
£
£

Capital and reserves
  

Called up share capital 
  
33,000
33,000

Profit and loss account
  
(303,321)
(248,272)

  
(270,321)
(215,272)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




M Pavia
Director

Date: 15 September 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 


SABRE COMPUTERS INTERNATIONAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Sabre Computers International Limited is a private company, limited by shares and incorporated in England. The address of the registered office is given on the company information page.  
The significant accounting policies applied in the preparation of these financial statements are set out below. These 
policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

As at 31 December 2023 the statement of income and retained earnings reports a loss of £55,049 (2022 - £409,420). As at 31 December 2023 the statement of financial postion reported net liabilities of £270,321 (2022 - £215,272). The company is reliant upon the continued support of its director and it's creditors, who confirm their continued financial support of the company. The director therefore considers it appropriate to prepare the accounts on a going concern basis.

 
2.3

Revenue

Revenue consists of turnover derived from the design and supply of integrated solutions ultrafast imaging, ballistic and impact testing systems. Stage of completion is measured by management and is based on defined billing milestones and estimated percentage of completion contracts. Revenue is recognised to the extent that is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
20%
Research equipment
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 


SABRE COMPUTERS INTERNATIONAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.7

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.8

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Page 4

 


SABRE COMPUTERS INTERNATIONAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.9

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

 
2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

  
2.11

Research and development

All expenditure on research and development is recognised as an expense when it is incurred.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2022 - 9).

Page 5

 


SABRE COMPUTERS INTERNATIONAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible assets





Office equipment
Research Equipment
Total

£
£
£



Cost or valuation


At 1 January 2023
24,868
4,822
29,690


Additions
7,831
2,928
10,759



At 31 December 2023

32,699
7,750
40,449



Depreciation


At 1 January 2023
19,511
3,967
23,478


Charge for the year on owned assets
3,970
879
4,849



At 31 December 2023

23,481
4,846
28,327



Net book value



At 31 December 2023
9,218
2,904
12,122



At 31 December 2022
5,357
855
6,212


5.


Investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2023
100



At 31 December 2023
100




The company owns 100% of the issued ordinary share capital of Sabre Ballistics Limited, a dormant company.
Under the provision of section 398 of the Companies Act 2006 the company is exempt from preparing consolidated accounts and has not done so, therefore the accounts show information about the company as an individual entity.

Page 6

 


SABRE COMPUTERS INTERNATIONAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
127,574
155,884

Amounts owed by group undertakings
1,700
1,668

Other debtors
84,942
108,393

Prepayments and accrued income
21,400
22,339

235,616
288,284



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
39,885
-

Bank loans
50,000
50,000

Trade creditors
174,763
218,577

Amounts owed to group undertakings
75,396
351,225

Other taxation and social security
22,284
18,579

Other creditors
4,889
1,862

Accruals and deferred income
107,323
80,110

474,540
720,353


Lloyds Bank Plc have a fixed and floating charge over the assets of the company in relation to secured obligations.


8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
75,000
125,000

Amounts owed to group undertakings
425,000
-

500,000
125,000


Page 7

 


SABRE COMPUTERS INTERNATIONAL LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Provisions




Other provisions

£





At 1 January 2023
58,000



At 31 December 2023
58,000


10.


Parent company

The parent of the smallest group for which consolidated financial statements are drawn up is Sydor Holdings LLC. The address of their registered office is 78 Schuyler Baldwin Drive, Fairport, New York 14450 USA.

 
Page 8