Company Registration No. 09057199 (England and Wales)
Savage Silk Limited
Unaudited accounts
for the year ended 30 April 2024
Savage Silk Limited
Unaudited accounts
Contents
Savage Silk Limited
Company Information
for the year ended 30 April 2024
Directors
Mark Simon Priestley
Ssh Group Holding Company Limited
Satpal Singh Pandal
Helen Jayne Casely
Company Number
09057199 (England and Wales)
Registered Office
The Core
Bath Lane
Newcastle upon Tyne
Tyne and Wear
NE4 5TF
England
Accountants
Harris 21 Ltd
The Core
Newcastle Helix
Newcastle Upon Tyne
NE4 5TF
Savage Silk Limited
Statement of financial position
as at 30 April 2024
Tangible assets
17,905
20,122
Inventories
544,571
294,848
Cash at bank and in hand
8,634
18,003
Creditors: amounts falling due within one year
(605,478)
(446,463)
Net current assets
465,188
339,923
Total assets less current liabilities
483,093
360,045
Creditors: amounts falling due after more than one year
(239,643)
(107,227)
Provisions for liabilities
Deferred tax
(4,524)
(5,078)
Net assets
238,926
247,740
Called up share capital
100
100
Profit and loss account
238,826
247,640
Shareholders' funds
238,926
247,740
For the year ending 30 April 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.
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 28 January 2025 and were signed on its behalf by
Mark Simon Priestley
Director
Company Registration No. 09057199
Savage Silk Limited
Notes to the Accounts
for the year ended 30 April 2024
Savage Silk Limited is a private company, limited by shares, registered in England and Wales, registration number 09057199. The registered office is The Core, Bath Lane, Newcastle upon Tyne, Tyne and Wear, NE4 5TF, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
20% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
33% straight line
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
3,224
50,152
9,698
63,074
At 30 April 2024
3,224
50,152
9,698
63,074
At 1 May 2023
1,161
32,093
9,698
42,952
Charge for the year
412
1,805
-
2,217
At 30 April 2024
1,573
33,898
9,698
45,169
At 30 April 2024
1,651
16,254
-
17,905
At 30 April 2023
2,063
18,059
-
20,122
Savage Silk Limited
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
Trade debtors
290,935
326,773
Accrued income and prepayments
62,810
3,502
Other debtors
163,716
143,260
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
230,038
119,804
Trade creditors
57,365
6,990
Taxes and social security
119,544
154,100
Other creditors
11,099
64,937
Loans from directors
-
233
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
239,643
107,227
8
Average number of employees
During the year the average number of employees was 21 (2023: 19).