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Company Registration No. 06554465 (England and Wales)
SAF LEASING LIMITED
Financial Statements
for the Period from 01 April 2023 to 31 March 2024

SAF LEASING LIMITED

Financial Statements for the period ending 31 March 2024

SAF LEASING LIMITED

Financial Statements for the period ending 31 March 2024

Notes to the Accounts

1. Statutory Information
SAF LEASING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06554465.
2. Accounting Policies
Basis of preparing the Financial Statements
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities.
Presentation Currency
The accounts are presented in £ sterling.

SAF LEASING LIMITED

Financial Statements for the period ending 31 March 2024

Notes to the Accounts

Tangible Fixed Asset Policy
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life.Fixtures, fittings and equipment - 33.3% on a straight line basis

SAF LEASING LIMITED

Financial Statements for the period ending 31 March 2024

Notes to the Accounts

Intangible Asset Policy
Intangible fixed assets (including purchased goodwill) are amortised at rates calculated to write of the assets on a straight line basis over their useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Deferred Tax
Deferred tax is provided in full on timing differences which result in an obligation at the balance Full provision is made for deferred tax assets and liabilities arising from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes.

SAF LEASING LIMITED

Financial Statements for the period ending 31 March 2024

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2024 12
2023 12
4. Principal Activity
The principal activities of the company in the year under review were to act as a broker/agency receiving commission for the introduction of finance leases and the operation of its own book.

SAF LEASING LIMITED

Financial Statements for the period ending 31 March 2024

Notes to the Accounts

5. Fixed Assets
Fixtures and Fittings Total
Cost or valuation £ £
At 01/04/2023 11,165 11,165
Additions 13,638 13,638
At 31/03/2024 24,803 24,803
Depreciation
At 01/04/2023 7,460 7,460
Charge for the year 6,078 6,078
At 31/03/2024 13,538 13,538
Net Book Value
At 31/03/2024 11,265 11,265
At 31/03/2023 3,705 3,705