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REGISTERED NUMBER: 07806149 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Saxonworld Limited

Saxonworld Limited (Registered number: 07806149)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Saxonworld Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: S M Dean
R S Dean
Mrs D J Dean





REGISTERED OFFICE: 37 Portland Road
Aldridge
Walsall
West Midlands
WS9 8NU





REGISTERED NUMBER: 07806149 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Saxonworld Limited (Registered number: 07806149)

Balance Sheet
31 October 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 26,068 13,492
26,068 13,492

CURRENT ASSETS
Stocks 950 985
Debtors 6 18,821 -
Cash at bank 733,832 635,511
753,603 636,496
CREDITORS
Amounts falling due within one year 7 (143,759 ) (138,907 )
NET CURRENT ASSETS 609,844 497,589
TOTAL ASSETS LESS CURRENT
LIABILITIES

635,912

511,081

CREDITORS
Amounts falling due after more than one
year

8

(3,750

)

(857

)

PROVISIONS FOR LIABILITIES 9 (6,517 ) (3,373 )
NET ASSETS 625,645 506,851

CAPITAL AND RESERVES
Called up share capital 10 30 30
Retained earnings 625,615 506,821
SHAREHOLDERS' FUNDS 625,645 506,851

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Saxonworld Limited (Registered number: 07806149)

Balance Sheet - continued
31 October 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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 January 2025 and were signed on its behalf by:





S M Dean - Director


Saxonworld Limited (Registered number: 07806149)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Saxonworld Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss account, 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.


Saxonworld Limited (Registered number: 07806149)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 150,000
AMORTISATION
At 1 November 2023
and 31 October 2024 150,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

Saxonworld Limited (Registered number: 07806149)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 2,230 40,670 1,784 44,684
Additions - 18,500 252 18,752
Disposals - (13,800 ) - (13,800 )
At 31 October 2024 2,230 45,370 2,036 49,636
DEPRECIATION
At 1 November 2023 1,762 27,646 1,784 31,192
Charge for year 70 4,376 41 4,487
Eliminated on disposal - (12,111 ) - (12,111 )
At 31 October 2024 1,832 19,911 1,825 23,568
NET BOOK VALUE
At 31 October 2024 398 25,459 211 26,068
At 31 October 2023 468 13,024 - 13,492

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2023 26,870
Additions 18,500
At 31 October 2024 45,370
DEPRECIATION
At 1 November 2023 15,535
Charge for year 4,376
At 31 October 2024 19,911
NET BOOK VALUE
At 31 October 2024 25,459
At 31 October 2023 11,335

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,821 -

Saxonworld Limited (Registered number: 07806149)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 5,428 4,712
Trade creditors 19,936 37,062
Taxation and social security 87,841 63,014
Other creditors 30,554 34,119
143,759 138,907

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 3,750 857

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 6,517 3,373

Deferred
tax
£   
Balance at 1 November 2023 3,373
Provided during year 3,144
Balance at 31 October 2024 6,517

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
10 Ordinary Class A £1 10 10
10 Ordinary Class B £1 10 10
10 Ordinary Class C £1 10 10
30 30

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Saxonworld Limited

The following reproduces the text of the report prepared for the directors 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 Directors 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 Saxonworld Limited for the year ended 31 October 2024 which comprise the Profit and Loss account, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Saxonworld Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Saxonworld Limited and state those matters that we have agreed to state to the Board of Directors of Saxonworld Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Saxonworld Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Saxonworld 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 Saxonworld Limited. You consider that Saxonworld 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 Saxonworld 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.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


10 January 2025