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REGISTERED NUMBER: 12501596 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

SAK ELECTRICAL LTD

SAK ELECTRICAL LTD (REGISTERED NUMBER: 12501596)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SAK ELECTRICAL LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: D J King
F Somers





REGISTERED OFFICE: 3 Hoppers Way
Ashford
Kent
TN23 4GP





REGISTERED NUMBER: 12501596 (England and Wales)






SAK ELECTRICAL LTD (REGISTERED NUMBER: 12501596)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,162 21,824

CURRENT ASSETS
Stocks 5,325 6,250
Debtors 5 22,011 15,563
Cash at bank and in hand 5,122 7,663
32,458 29,476
CREDITORS
Amounts falling due within one year 6 35,717 33,297
NET CURRENT LIABILITIES (3,259 ) (3,821 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,903

18,003

CREDITORS
Amounts falling due after more than one year 7 - (14,126 )

PROVISIONS FOR LIABILITIES 8 (1,320 ) (2,743 )
NET ASSETS 1,583 1,134

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,483 1,034
SHAREHOLDERS' FUNDS 1,583 1,134

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

SAK ELECTRICAL LTD (REGISTERED NUMBER: 12501596)

BALANCE SHEET - continued
31 MARCH 2024


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

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 18 October 2024 and were signed on its behalf by:





F Somers - Director


SAK ELECTRICAL LTD (REGISTERED NUMBER: 12501596)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Sak Electrical Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

SAK ELECTRICAL LTD (REGISTERED NUMBER: 12501596)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 37,396
Disposals (23,995 )
At 31 March 2024 13,401
DEPRECIATION
At 1 April 2023 15,572
Charge for year 2,033
Eliminated on disposal (10,366 )
At 31 March 2024 7,239
NET BOOK VALUE
At 31 March 2024 6,162
At 31 March 2023 21,824

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 7,217 4,321
Other debtors 14,794 11,242
22,011 15,563

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts - 4,396
Trade creditors 5,244 6,708
Taxation and social security 18,142 12,316
Other creditors 12,331 9,877
35,717 33,297

SAK ELECTRICAL LTD (REGISTERED NUMBER: 12501596)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts - 14,126

8. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 1,320 2,743

Deferred
tax
£   
Balance at 1 April 2023 2,743
Provided during year (1,423 )
Balance at 31 March 2024 1,320

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
D J King
Balance outstanding at start of year 3,920 -
Amounts advanced 731 3,920
Amounts repaid (3,920 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 731 3,920

F Somers
Balance outstanding at start of year 3,920 -
Amounts advanced 731 3,920
Amounts repaid (3,920 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 731 3,920

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £44,000 (2023 - £35,000) were paid to the directors .

SAK ELECTRICAL LTD (REGISTERED NUMBER: 12501596)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. RELATED PARTY DISCLOSURES - continued

Mr D King and Mr F Somers - Directors and Shareholders

At the balance sheet date the directors owed SAK Electrical Ltd £1,462 (2023 - £7,840).