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REGISTERED NUMBER: 00792011 (England and Wales)















SACHS ASSOCIATES LTD.

Unaudited Financial Statements

for the Year Ended 31 March 2024






SACHS ASSOCIATES LTD. (REGISTERED NUMBER: 00792011)

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


SACHS ASSOCIATES LTD.

Company Information
for the year ended 31 March 2024







Director: L S Sachs





Registered office: New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 00792011 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

SACHS ASSOCIATES LTD. (REGISTERED NUMBER: 00792011)

Balance Sheet
31 March 2024

2024 2023
Notes £ £
Fixed assets
Investments 4 78,781 78,781

Current assets
Debtors 5 68,714 70,117
Cash at bank 6,593 5,343
75,307 75,460
Creditors
Amounts falling due within one year 6 (76,350 ) (77,585 )
Net current liabilities (1,043 ) (2,125 )
Total assets less current liabilities 77,738 76,656

Capital and reserves
Called up share capital 7 90 90
Retained earnings 8 77,648 76,566
Shareholders' funds 77,738 76,656

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 28 November 2024 and were signed by:





L S Sachs - Director


SACHS ASSOCIATES LTD. (REGISTERED NUMBER: 00792011)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

Sachs Associates 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.

Going concern
The financial statements have been prepared on a going concern basis. The Director has reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

3. Employees and directors

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

SACHS ASSOCIATES LTD. (REGISTERED NUMBER: 00792011)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


4. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 April 2023
and 31 March 2024 78,781
Net book value
At 31 March 2024 78,781
At 31 March 2023 78,781

5. Debtors: amounts falling due within one year
2024 2023
£ £
Amounts owed by group undertakings 68,664 69,294
Other debtors 50 823
68,714 70,117

6. Creditors: amounts falling due within one year
2024 2023
£ £
Taxation and social security 2,005 3,433
Other creditors 74,345 74,152
76,350 77,585

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
89 Ordinary Shares £1 89 89
1 Ordinary - A Shares £1 1 1
90 90

8. Reserves
Retained
earnings
£

At 1 April 2023 76,566
Profit for the year 1,082
At 31 March 2024 77,648