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REGISTERED NUMBER: 05067913 (England and Wales)















SARACEN EXPORTS (UK) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






SARACEN EXPORTS (UK) LTD (REGISTERED NUMBER: 05067913)






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


SARACEN EXPORTS (UK) LTD

COMPANY INFORMATION
for the Year Ended 31 MARCH 2024







DIRECTOR: Mr J C Price





SECRETARY: Mrs F Price





REGISTERED OFFICE: Badgers Barn
High Onn
Church Eaton
Stafford
Staffordshire
ST20 0AX





REGISTERED NUMBER: 05067913 (England and Wales)





ACCOUNTANTS: Wallace Crooke
College House
St Leonards Close
Bridgnorth
Shropshire
WV16 4EJ

SARACEN EXPORTS (UK) LTD (REGISTERED NUMBER: 05067913)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,093 14,342

CURRENT ASSETS
Stocks 96,310 91,351
Debtors 5 1,328 1,328
Cash at bank 18,273 18,146
115,911 110,825
CREDITORS
Amounts falling due within one year 6 46,353 47,963
NET CURRENT ASSETS 69,558 62,862
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,651

77,204

CREDITORS
Amounts falling due after more than one
year

7

8,200

10,516
NET ASSETS 72,451 66,688

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 72,351 66,588
SHAREHOLDERS' FUNDS 72,451 66,688

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.

SARACEN EXPORTS (UK) LTD (REGISTERED NUMBER: 05067913)

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 director and authorised for issue on 1 November 2024 and were signed by:





Mr J C Price - Director


SARACEN EXPORTS (UK) LTD (REGISTERED NUMBER: 05067913)

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

1. STATUTORY INFORMATION

Saracen Exports (UK) 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.

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.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% reducing balance
Motor vehicles - 25% reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

SARACEN EXPORTS (UK) LTD (REGISTERED NUMBER: 05067913)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 6,251 2,520 19,268 28,039
Additions - 220 - 220
At 31 March 2024 6,251 2,740 19,268 28,259
DEPRECIATION
At 1 April 2023 4,527 2,446 6,724 13,697
Charge for year 259 74 3,136 3,469
At 31 March 2024 4,786 2,520 9,860 17,166
NET BOOK VALUE
At 31 March 2024 1,465 220 9,408 11,093
At 31 March 2023 1,724 74 12,544 14,342

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,328 1,328

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 2,000 -
Other creditors 44,353 47,963
46,353 47,963

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 8,200 10,516

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100