SAPPHIRE AAMA LTD

Company Registration Number:
12894294 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2023

Period of accounts

Start date: 1 October 2022

End date: 30 September 2023

SAPPHIRE AAMA LTD

Contents of the Financial Statements

for the Period Ended 30 September 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

SAPPHIRE AAMA LTD

Directors' report period ended 30 September 2023

The directors present their report with the financial statements of the company for the period ended 30 September 2023

Directors

The director shown below has held office during the whole of the period from
1 October 2022 to 30 September 2023

Atif Mumtaz


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
30 October 2023

And signed on behalf of the board by:
Name: Atif Mumtaz
Status: Director

SAPPHIRE AAMA LTD

Profit And Loss Account

for the Period Ended 30 September 2023

2023 2022


£

£
Turnover: 389,746 45,252
Cost of sales: ( 2,590,095 ) ( 863,365 )
Gross profit(or loss): (2,200,349) (818,113)
Distribution costs: ( 8,525 ) ( 1,250 )
Administrative expenses: ( 42,312 ) ( 14,102 )
Other operating income: 35,750 15,420
Operating profit(or loss): (2,215,436) (818,045)
Interest receivable and similar income: 1,500 250
Profit(or loss) before tax: (2,213,936) (817,795)
Tax: ( 77,949 ) ( 9,050 )
Profit(or loss) for the financial year: (2,291,885) (826,845)

SAPPHIRE AAMA LTD

Balance sheet

As at 30 September 2023

Notes 2023 2022


£

£
Called up share capital not paid: 1 1
Fixed assets
Intangible assets: 3 45,252 5,000
Tangible assets: 4 82,542 1,000
Investments: 5 9,525 0
Total fixed assets: 137,319 6,000
Current assets
Stocks: 6 2,179,148 550,250
Debtors: 7 55,254 25,012
Cash at bank and in hand: 12,050 8,502
Investments: 8 10,211 2,101
Total current assets: 2,256,663 585,865
Prepayments and accrued income: 25,104 502
Creditors: amounts falling due within one year: 9 ( 18,250 ) ( 1,520 )
Net current assets (liabilities): 2,263,517 584,847
Total assets less current liabilities: 2,400,837 590,848
Creditors: amounts falling due after more than one year: 10 ( 25,140 ) ( 1,251 )
Provision for liabilities: ( 44,012 ) ( 442 )
Accruals and deferred income: ( 10,282 ) ( 120 )
Total net assets (liabilities): 2,321,403 589,035
Capital and reserves
Called up share capital: 1 1
Share premium account: 1 1
Other reserves: 2,320,380 588,931
Profit and loss account: 1,021 102
Total Shareholders' funds: 2,321,403 589,035

The notes form part of these financial statements

SAPPHIRE AAMA LTD

Balance sheet statements

For the year ending 30 September 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 30 October 2023
and signed on behalf of the board by:

Name: Atif Mumtaz
Status: Director

The notes form part of these financial statements

SAPPHIRE AAMA LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

SAPPHIRE AAMA LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 6 2

SAPPHIRE AAMA LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 October 2022 5,000 5,000
Additions 45,252 45,252
Disposals 0 0
Revaluations
Transfers
At 30 September 2023 50,252 50,252
Amortisation
At 1 October 2022 0 0
Charge for year 5,000 5,000
On disposals 0 0
Other adjustments 0 0
At 30 September 2023 5,000 5,000
Net book value
At 30 September 2023 45,252 45,252
At 30 September 2022 5,000 5,000

SAPPHIRE AAMA LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2022 0 0 0 2,000 2,000
Additions 82,084 82,084
Disposals ( 542 ) ( 542 )
Revaluations
Transfers
At 30 September 2023 0 0 0 83,542 83,542
Depreciation
At 1 October 2022 0 0 0 1,000 1,000
Charge for year
On disposals
Other adjustments
At 30 September 2023 0 0 0 1,000 1,000
Net book value
At 30 September 2023 0 0 0 82,542 82,542
At 30 September 2022 0 0 0 1,000 1,000

SAPPHIRE AAMA LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

5. Fixed assets investments note

OFFICE FURNITURE, OFFICE EQUIPMENTS, STOCK INSPECTION EQUIPMENTS

SAPPHIRE AAMA LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

6. Stocks

2023 2022
£ £
Stocks 2,049,148 440,250
Payments on account 130,000 110,000
Total 2,179,148 550,250

SAPPHIRE AAMA LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

7. Debtors

2023 2022
£ £
Trade debtors 30,764 23,260
Prepayments and accrued income 15,250 502
Other debtors 9,240 1,250
Total 55,254 25,012
Debtors due after more than one year: 25,140 1,251

SAPPHIRE AAMA LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

8. Current assets investments note

DEBTORS: Mostly on Purchases:

SAPPHIRE AAMA LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

9. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 8,200 500
Accruals and deferred income 10,050 1,020
Total 18,250 1,520

SAPPHIRE AAMA LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

10. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 0 0
Other creditors 25,140 1,251
Total 25,140 1,251