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Company Registration No. 02064645 (England and Wales)
Saren Engineering Limited Unaudited accounts for the year ended 31 March 2024
Saren Engineering Limited Unaudited accounts Contents
Page
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Saren Engineering Limited Company Information for the year ended 31 March 2024
Directors
M F I Eager N J Eager
Company Number
02064645 (England and Wales)
Registered Office
KEEPINGS WAWENSMERE ROAD WOOTTON WAWEN HENLEY-IN-ARDEN WARWICKSHIRE B95 6BN
Accountants
Soltax Accountancy 62 Seven Star Road Solihull West Midlands B91 2BY
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Saren Engineering Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
115,775 
119,870 
Current assets
Inventories
15,929 
11,383 
Debtors
29,126 
24,105 
Cash at bank and in hand
44,798 
41,260 
89,853 
76,748 
Creditors: amounts falling due within one year
(50,086)
(44,265)
Net current assets
39,767 
32,483 
Total assets less current liabilities
155,542 
152,353 
Creditors: amounts falling due after more than one year
(6,325)
(6,625)
Net assets
149,217 
145,728 
Capital and reserves
Called up share capital
10,000 
10,000 
Profit and loss account
139,217 
135,728 
Shareholders' funds
149,217 
145,728 
For the year ending 31 March 2024 the company was entitled to exemption from audit 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2024 and were signed on its behalf by
M F I Eager Director Company Registration No. 02064645
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Saren Engineering Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Saren Engineering Limited is a private company, limited by shares, registered in England and Wales, registration number 02064645. The registered office is KEEPINGS WAWENSMERE ROAD, WOOTTON WAWEN, HENLEY-IN-ARDEN, WARWICKSHIRE, B95 6BN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% straight line
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.
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Saren Engineering Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 April 2023
222,177 
At 31 March 2024
222,177 
Depreciation
At 1 April 2023
102,307 
Charge for the year
4,095 
At 31 March 2024
106,402 
Net book value
At 31 March 2024
115,775 
At 31 March 2023
119,870 
5
Pension commitments
The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £0 (2019 - £0).
6
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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