IRIS Accounts Production v24.3.0.553 SC529242 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5292422023-03-31SC5292422024-03-31SC5292422023-04-012024-03-31SC5292422022-03-31SC5292422022-04-012023-03-31SC5292422023-03-31SC529242ns15:Scotland2023-04-012024-03-31SC529242ns14:PoundSterling2023-04-012024-03-31SC529242ns10:Director12023-04-012024-03-31SC529242ns10:PrivateLimitedCompanyLtd2023-04-012024-03-31SC529242ns10:SmallEntities2023-04-012024-03-31SC529242ns10:AuditExemptWithAccountantsReport2023-04-012024-03-31SC529242ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-31SC529242ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC529242ns10:FullAccounts2023-04-012024-03-31SC529242ns10:RegisteredOffice2023-04-012024-03-31SC529242ns5:CurrentFinancialInstruments2024-03-31SC529242ns5:CurrentFinancialInstruments2023-03-31SC529242ns5:ShareCapital2024-03-31SC529242ns5:ShareCapital2023-03-31SC529242ns5:RetainedEarningsAccumulatedLosses2024-03-31SC529242ns5:RetainedEarningsAccumulatedLosses2023-03-31SC529242ns5:PlantMachinery2023-04-012024-03-31SC529242ns5:PlantMachinery2023-03-31SC529242ns5:PlantMachinery2024-03-31SC529242ns5:PlantMachinery2023-03-31SC529242ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31SC529242ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-31SC5292421ns10:Director12023-03-31SC5292421ns10:Director12022-03-31SC5292421ns10:Director12023-04-012024-03-31SC5292421ns10:Director12022-04-012023-03-31SC5292421ns10:Director12024-03-31SC5292421ns10:Director12023-03-31
REGISTERED NUMBER: SC529242 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SAOTHAR LIMITED

SAOTHAR LIMITED (REGISTERED NUMBER: SC529242)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 5

SAOTHAR LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: Mr J P Murray





REGISTERED OFFICE: 17 Gallica Drive
Newmachar
Aberdeenshire
AB21 0NF





REGISTERED NUMBER: SC529242 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Unit 1, Office 1 & 8
Blackhall Industrial Estate
Burghmuir Circle
Inverurie
Aberdeenshire
AB51 4FS

SAOTHAR LIMITED (REGISTERED NUMBER: SC529242)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 185 296

CURRENT ASSETS
Debtors 6 6,682 10,003
Cash at bank 27,635 17,678
34,317 27,681
CREDITORS
Amounts falling due within one year 7 25,761 18,614
NET CURRENT ASSETS 8,556 9,067
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,741

9,363

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 8,740 9,362
SHAREHOLDERS' FUNDS 8,741 9,363

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 director acknowledges his 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.

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 director and authorised for issue on 22 October 2024 and were signed by:





Mr J P Murray - Director


SAOTHAR LIMITED (REGISTERED NUMBER: SC529242)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Saothar Limited is a private company, limited by shares , registered in Scotland. 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is stated net of VAT and trade discounts. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where the contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total contract value.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.
The gain or loss arising on the disposal of an asset is determined as the difference between the proceeds and the carrying value of the asset and is included in the profit and loss account.

Taxation
Taxation for the year/period 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

SAOTHAR LIMITED (REGISTERED NUMBER: SC529242)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 2,376
DEPRECIATION
At 1 April 2023 2,080
Charge for year 111
At 31 March 2024 2,191
NET BOOK VALUE
At 31 March 2024 185
At 31 March 2023 296

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,645 9,514
Other debtors 37 489
6,682 10,003

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,293 803
Taxation and social security 8,706 9,511
Other creditors 15,762 8,300
25,761 18,614

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits from a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr J P Murray
Balance outstanding at start of year (7,000 ) 47
Amounts advanced - 696
Amounts repaid (7,312 ) (7,743 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (14,312 ) (7,000 )

These amounts bear no interest and have no fixed repayment terms.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SAOTHAR LIMITED (REGISTERED NUMBER: SC529242)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Saothar Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Saothar Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Saothar Limited and state those matters that we have agreed to state to the director of Saothar Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Saothar Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Saothar Limited. You consider that Saothar Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Saothar Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Acumen Accountants and Advisors Limited
Unit 1, Office 1 & 8
Blackhall Industrial Estate
Burghmuir Circle
Inverurie
Aberdeenshire
AB51 4FS


22 October 2024