Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 01294573 Mr C S Richards Mrs S Richards Miss K Richards Mr S D Tompkins Mrs S Richards iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01294573 2023-01-31 01294573 2024-01-31 01294573 2023-02-01 2024-01-31 01294573 frs-core:CurrentFinancialInstruments 2024-01-31 01294573 frs-core:ComputerEquipment 2024-01-31 01294573 frs-core:ComputerEquipment 2023-02-01 2024-01-31 01294573 frs-core:ComputerEquipment 2023-01-31 01294573 frs-core:FurnitureFittings 2024-01-31 01294573 frs-core:FurnitureFittings 2023-02-01 2024-01-31 01294573 frs-core:FurnitureFittings 2023-01-31 01294573 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-01-31 01294573 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-01 2024-01-31 01294573 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-01-31 01294573 frs-core:MotorVehicles 2024-01-31 01294573 frs-core:MotorVehicles 2023-02-01 2024-01-31 01294573 frs-core:MotorVehicles 2023-01-31 01294573 frs-core:PlantMachinery 2024-01-31 01294573 frs-core:PlantMachinery 2023-02-01 2024-01-31 01294573 frs-core:PlantMachinery 2023-01-31 01294573 frs-core:ShareCapital 2024-01-31 01294573 frs-core:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 01294573 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 01294573 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 01294573 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 01294573 frs-bus:SmallEntities 2023-02-01 2024-01-31 01294573 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 01294573 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 01294573 frs-bus:Director1 2023-02-01 2024-01-31 01294573 frs-bus:Director2 2023-02-01 2024-01-31 01294573 frs-bus:Director3 2023-02-01 2024-01-31 01294573 frs-bus:Director4 2023-02-01 2024-01-31 01294573 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 01294573 frs-core:CurrentFinancialInstruments 9 2024-01-31 01294573 frs-countries:EnglandWales 2023-02-01 2024-01-31 01294573 2022-01-31 01294573 2023-01-31 01294573 2022-02-01 2023-01-31 01294573 frs-core:CurrentFinancialInstruments 2023-01-31 01294573 frs-core:ShareCapital 2022-01-31 01294573 frs-core:ShareCapital 2023-01-31 01294573 frs-core:RetainedEarningsAccumulatedLosses 2022-02-01 2023-01-31 01294573 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-01-31 01294573 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31 01294573 frs-core:CurrentFinancialInstruments 9 2023-01-31
Registered number: 01294573
Saris Leisure Group Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—7
Page 1
Balance Sheet
Registered number: 01294573
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,140,406 1,145,894
1,140,406 1,145,894
CURRENT ASSETS
Stocks 72,267 46,744
Debtors 5 16,328 46,994
Cash at bank and in hand 591,320 672,484
679,915 766,222
Creditors: Amounts Falling Due Within One Year 6 (158,721 ) (189,712 )
NET CURRENT ASSETS (LIABILITIES) 521,194 576,510
TOTAL ASSETS LESS CURRENT LIABILITIES 1,661,600 1,722,404
PROVISIONS FOR LIABILITIES
Deferred Taxation (176,786 ) (176,365 )
NET ASSETS 1,484,814 1,546,039
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 1,484,714 1,545,939
SHAREHOLDERS' FUNDS 1,484,814 1,546,039
Page 1
Page 2
For the year ending 31 January 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr C S Richards
Director
Mrs S Richards
Director
30/09/2024
The notes on pages 4 to 7 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 February 2022 100 1,476,103 1,476,203
Profit for the year and total comprehensive income - 219,835 219,835
Dividends paid - (149,999) (149,999)
As at 31 January 2023 and 1 February 2023 100 1,545,939 1,546,039
Profit for the year and total comprehensive income - 62,775 62,775
Dividends paid - (124,000) (124,000)
As at 31 January 2024 100 1,484,714 1,484,814
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Saris Leisure Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 01294573 . The registered office is Little Ridge Farmhouse, 551 The Ridge, St Leonards on Sea, East Sussex, TN37 7PT.
The presentation currency of the financial statements is the Pound Sterling (£).  
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases, assets held under finance leases are depreciated in the same way as owned assets:
Leasehold various straight line from 3% to 7%
Plant & Machinery at variable rates on reducing balance
Motor Vehicles at variable rates on reducing balance
Fixtures & Fittings at variable rates on reducing balance
Assets under construction no depreciation provided
Page 4
Page 5
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 50 (2023: 51)
50 51
Page 5
Page 6
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost
As at 1 February 2023 1,222,212 1,165,336 244,756 37,019
Additions 25,853 102,720 46,625 -
Disposals - (97,822 ) (30,320 ) -
As at 31 January 2024 1,248,065 1,170,234 261,061 37,019
Depreciation
As at 1 February 2023 762,133 792,105 74,610 34,124
Provided during the period 34,538 85,912 40,177 164
Disposals - (88,115 ) (20,132 ) -
As at 31 January 2024 796,671 789,902 94,655 34,288
Net Book Value
As at 31 January 2024 451,394 380,332 166,406 2,731
As at 1 February 2023 460,079 373,231 170,146 2,895
Assets under construction Total
£ £
Cost
As at 1 February 2023 139,543 2,808,866
Additions - 175,198
Disposals - (128,142 )
As at 31 January 2024 139,543 2,855,922
Depreciation
As at 1 February 2023 - 1,662,972
Provided during the period - 160,791
Disposals - (108,247 )
As at 31 January 2024 - 1,715,516
Net Book Value
As at 31 January 2024 139,543 1,140,406
As at 1 February 2023 139,543 1,145,894
Page 6
Page 7
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,854 715
Other debtors 752 9,444
Prepayments 13,482 13,768
VAT 240 23,067
16,328 46,994
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 34,291 42,643
Corporation tax 20,687 26,985
Other taxes and social security 13,636 13,032
Other creditors 5,995 11,118
Accruals and deferred income 84,112 95,934
158,721 189,712
7. Secured Creditors
Bank loans and overdrafts are secured by a fixed and floating charge over the company's assets.
8. Related Party Transactions
During the year, total dividends of £124,000 were paid to the directors.
Page 7