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Company Registration No. 06807159 (England and Wales)
SAI Distribution Limited Unaudited accounts for the year ended 29 February 2024
SAI Distribution Limited Company Information for the year ended 29 February 2024
Director
S A Ives
Company Number
06807159 (England and Wales)
Registered Office
Dudleys Old House 17 The Street Felthorpe Norwich NR19 4BU
Accountants
Mrs A C Howell 13 Ipswich Grove Norwich Norfolk NR2 2LU
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SAI Distribution Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
281,631 
131,428 
Current assets
Debtors
241,644 
175,002 
Cash at bank and in hand
563,525 
669,639 
805,169 
844,641 
Creditors: amounts falling due within one year
(143,984)
(157,530)
Net current assets
661,185 
687,111 
Total assets less current liabilities
942,816 
818,539 
Provisions for liabilities
Deferred tax
(67,236)
(26,286)
Net assets
875,580 
792,253 
Capital and reserves
Called up share capital
50 
50 
Capital redemption reserve
50 
50 
Profit and loss account
875,480 
792,153 
Shareholders' funds
875,580 
792,253 
For the year ending 29 February 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 and authorised for issue on 23 September 2024 and were signed on its behalf by
S A Ives Director Company Registration No. 06807159
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SAI Distribution Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
SAI Distribution Limited is a private company, limited by shares, registered in England and Wales, registration number 06807159. The registered office is Dudleys Old House, 17 The Street, Felthorpe, Norwich, NR19 4BU.
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. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Other tangible fixed assets
10 year 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.
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SAI Distribution Limited Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2023
207,704 
Additions
261,835 
Disposals
(49,085)
At 29 February 2024
420,454 
Depreciation
At 1 March 2023
76,276 
Charge for the year
91,517 
On disposals
(28,970)
At 29 February 2024
138,823 
Net book value
At 29 February 2024
281,631 
At 28 February 2023
131,428 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
197,803 
145,543 
Accrued income and prepayments
42,841 
26,459 
Other debtors
1,000 
3,000 
241,644 
175,002 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
56,263 
54,166 
Taxes and social security
81,033 
98,077 
Other creditors
1,864 
1,782 
Loans from directors
1,758 
1,637 
Accruals
3,066 
1,868 
143,984 
157,530 
7
Transactions with related parties
The director provided the company with an unsecured interest free loan on balances outstanding at the year end. At the year end this amounted to £1,758 (2023: £1,637).
8
Average number of employees
During the year the average number of employees was 14 (2023: 10).
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