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REGISTERED NUMBER: 01574591 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

WARWICK SASCO LIMITED

WARWICK SASCO LIMITED (REGISTERED NUMBER: 01574591)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


WARWICK SASCO LIMITED

COMPANY INFORMATION
for the year ended 30 June 2024







DIRECTORS: D F Booth
Dr C A Robertson
Mrs A S Green



SECRETARY: Mrs A S Green



REGISTERED OFFICE: Warwick House
Heathcote Way
Warwick
Warwickshire
CV34 6TE



REGISTERED NUMBER: 01574591 (England and Wales)



BANKERS: Lloyds Bank plc
22 Bridge Street
Stratford-Upon-Avon
Warwickshire
CV37 6AG

WARWICK SASCO LIMITED (REGISTERED NUMBER: 01574591)

ABRIDGED BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 147,669 96,613
Investments 6 100 100
147,769 96,713

CURRENT ASSETS
Stocks 234,535 237,104
Debtors 609,130 572,923
Cash at bank and in hand 423,528 212,488
1,267,193 1,022,515
CREDITORS
Amounts falling due within one year 1,119,308 999,422
NET CURRENT ASSETS 147,885 23,093
TOTAL ASSETS LESS CURRENT
LIABILITIES

295,654

119,806

PROVISIONS FOR LIABILITIES 35,414 22,320
NET ASSETS 260,240 97,486

CAPITAL AND RESERVES
Called up share capital 9 271 271
Capital redemption reserve 9,729 9,729
Retained earnings 250,240 87,486
SHAREHOLDERS' FUNDS 260,240 97,486

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.

WARWICK SASCO LIMITED (REGISTERED NUMBER: 01574591)

ABRIDGED 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by:





D F Booth - Director


WARWICK SASCO LIMITED (REGISTERED NUMBER: 01574591)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Warwick Sasco Limited 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the company and is rounded to the nearest £1.

Turnover
Turnover comprises the value of sales (excluding value added tax, similar taxes and trade discounts) of goods and services provided in the normal course of business. Revenue is recognised when the goods are despatched, which is the same day on which the goods are delivered and hence is the point at which the risks and rewards of ownership passes to the buyer.

Goodwill
Purchased goodwill is written off evenly over its estimated useful life.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tooling - 10% and 25% straight line
Fixtures and fittings - at varying rates on cost
Motor vehicles - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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


WARWICK SASCO LIMITED (REGISTERED NUMBER: 01574591)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023
and 30 June 2024 13,113
AMORTISATION
At 1 July 2023
and 30 June 2024 13,113
NET BOOK VALUE

At 30 June 2024 -
At 30 June 2023 -

On 1 October 1999 the company purchased 100 ordinary £1 shares in Dentamed Plastics Limited for a consideration of £9,500, giving rise to purchased goodwill of £13,113. This has been fully amortised on a straight line basis over its useful economic life of 3 years.

WARWICK SASCO LIMITED (REGISTERED NUMBER: 01574591)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 1,098,272
Additions 87,912
At 30 June 2024 1,186,184
DEPRECIATION
At 1 July 2023 1,001,659
Charge for year 36,856
At 30 June 2024 1,038,515
NET BOOK VALUE
At 30 June 2024 147,669
At 30 June 2023 96,613

6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 July 2023
and 30 June 2024 100
NET BOOK VALUE
At 30 June 2024 100
At 30 June 2023 100

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 66,000 66,000
Between one and five years 99,000 165,000
165,000 231,000

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Warwick Sasco (Holdings) Ltd - 126,473

WARWICK SASCO LIMITED (REGISTERED NUMBER: 01574591)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
271 Ordinary £1 271 271

10. PENSION COMMITMENTS

The company operates a defined contribution pension scheme in respect of certain employees. The scheme and its assets are held by independent managers. The pension charge represents contributions due from the company and amounted to £13,832 (2023 - £13,117). At the year end there was a balance outstanding of £418 (2023 - £Nil).

11. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements 30,000 34,596

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.