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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
Page
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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
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Savage Silk Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,905 
20,122 
Current assets
Inventories
544,571 
294,848 
Debtors
517,461 
473,535 
Cash at bank and in hand
8,634 
18,003 
1,070,666 
786,386 
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 
Capital and reserves
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
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Savage Silk Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
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:
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 
Depreciation
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 
Net book value
At 30 April 2024
1,651 
16,254 
- 
17,905 
At 30 April 2023
2,063 
18,059 
- 
20,122 
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Savage Silk Limited Notes to the Accounts for the year ended 30 April 2024
5
Debtors
2024 
2023 
£ 
£ 
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 
517,461 
473,535 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
230,038 
119,804 
VAT
187,432 
100,399 
Trade creditors
57,365 
6,990 
Taxes and social security
119,544 
154,100 
Other creditors
11,099 
64,937 
Loans from directors
- 
233 
605,478 
446,463 
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).
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